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lawyer [7]
2 years ago
10

Gerritt wants to buy a car that costs $31,000. The interest rate on his loan is 5.67 percent compounded monthly and the loan is

for 5 years. What are his monthly payments?

Business
1 answer:
gregori [183]2 years ago
5 0

Answer:

$594.57

Explanation:

For computing the monthly payment we need to apply the PMT formula i.e to be shown in the attachment below:

Given that,  

Present value = $31,000

Future value or Face value = 0

Rate = 5.67% ÷ 12 months = 0.4725

NPER = 5 years × 12 = 60 years

The formula is shown below:  

= PMT(RATE;NPER;-PV;FV;type)  

The present value come in negative  

So, after applying the formula, the monthly payment is $594.57

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nasty-shy [4]

Answer:

D. expropriation.

Explanation:

Oilers, Inc. refines and markets its energy products in different nations around the world. In addition, Oilers' stockholders and managers come from many different nations. If some of the nations where it operates decided to take over the assets of the company, this act would constitute an <u>expropriation.</u>

Expropriation: It is an act of government for taking private property against the will of the owner for the benefit of the overall public by building roads, highways, flyovers, airports, etc. The owner is just compensated as per government policy. This is an act of getting Expropriated. In legal terms, it is an exercise of eminent domain power.    

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3 years ago
John is a self-employed computer consultant who lives and works in Dallas. John paid for the following activities in conjunction
Dominik [7]
Definitely none of these
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2 years ago
Which industry constitutes a larger share of gni for most countries in the region?
Thepotemich [5.8K]

Urban-based industrial and service economies constitutes a larger share of GNI for most international locations in the region.

<h3>Which world areas has the greatest attention of low earnings countries?</h3>

Low-income economies are exceptionally observed in Asia and Africa, the place most of the world's populace lives (World Bank 2011).

<h3>Is GNP and GNI same?</h3>

GNP deducts the phase that leaves the country and offers a more significant indicator of the Irish economy. Gross National Income (GNI) is a comparable measure to Gross National Product. The distinction between them are the subsidies the European Union (EU) pay to us, and the taxes we pay to them.

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1 year ago
If a buyer agent with minority buyers in his car approaches a scheduled showing only to see a Confederate flag flying from the f
Yakvenalex [24]

There are rules to follow when making sales. If the buyer agent with minority buyers in his car approaches a scheduled showing only to see a Confederate flag flying from the front porch, the agent should;

  • Consult with the buyers and determine whether they want to proceed.

<h3>What is the response of a listing agent who approaches a potential listing?</h3>

The response of a listing agent who approaches a potential listing only to find a Confederate flag flying from the front porch is that;

  • He should ask the seller if the flag stands for his racial prejudice and later ask that it should be removed.

Real estate agents are known to be business people and so thy are not social engineers. But if the agent believes the flag stand for racist attitudes that will hinder or enter the transaction and result in lowering of interest in the property, it is best to stop the listing.

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2 years ago
If a company increases its fixed costs for product​ b, then the contribution margin per unit will.
Evgen [1.6K]

If a company increases its fixed costs for product​ b, then the contribution margin per unit will remain the same.

<h3>What is fixed cost?</h3>
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  • These expenses are often capital expenses as well.
  • Contrast this with variable costs, which depend on volume (and are based on the quantity produced) and are unknowable at the start of the accounting year.
  • Some variable costs are affected by the type of fixed costs.
<h3>What is company?</h3>
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