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Alexandra [31]
3 years ago
11

Kyle made a down payment of $850 towards his car loan. He will be paying $415 every month for 24 months. How Much does the car c

ost in total?
Business
2 answers:
Ronch [10]3 years ago
4 0
<span>Down payment = $850
</span><span>Monthly payment = $415
</span><span>Loan term = 24 months
</span><span>First, ($415)(24) = $9,960
</span><span>Second, ($850+$9,960) = $10,810
</span><span>The total car costs $10,810 </span>
slavikrds [6]3 years ago
3 0

Answer:

The car costs $10810 in total.

Explanation:

We know that Kyle made down a payment of <em>$850</em>, and that he paid $415 every month for <u>24 months</u>. We have to calculate the total cost of the car.

First we are going to calculate how much Kyle paid in 24 months, for each month he paid $415, then we have to multiply 24 by 415:

24*415=9960

He paid $9960 in total, but we know that he made down a payment of $850, then the total cost of the car was:

T=9960+850=10810

The car costs $10810

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The computation is shown below:

1. Plant wide overhead rate = Budgeted Overheads ÷ Budgeted Activity.

where,

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So, Plant wide overhead rate is

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Macaulay Duration = 2.6908154485 = 2.69

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