1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
saveliy_v [14]
3 years ago
7

You're buying a new car and the bank says they'll loan you the required balance of the $30,000 price if you'll put down $3,000.

payments will be for 60 months, and the bank's rate of interest on car loans is 9%. how much will your monthly payment be?
Business
1 answer:
ella [17]3 years ago
4 0

the monthly payment will be $560.00 per month

You might be interested in
Kenisha decided to write her persuasive speech on "human cloning." she didn't feel comfortable using internet sources and so rel
ddd [48]
The problem of Kenisha's research is that it is not reliable enough for the reference material that she used is last year. She should have at least checked on articles that are new and are updated in order for it to be reliable enough and to be promoted.
7 0
3 years ago
If the government levies a $5 tax per ticket on buyers of NFL game tickets, then the price paid by buyers of NFL game tickets wo
nexus9112 [7]

Answer:

increase by less than $5

Explanation:

A tax is a compulsory amount levied by the government or an agency of the government on goods and services.

Taxes increases the price of a product.

If a $5 tax is levied on the tickets, the price of the ticket would increase by less than $5. The burden of the tax of $5 would be shared by both buyers and sellers. The party with the less elastic demand / supply would bear the greater burden of the tax.

I hope my answer helps you

6 0
3 years ago
Other data not yet recorded at December 31 include Insurance expired during the current year, $6. Wages payable, $4. Depreciatio
galina1969 [7]

Answer:

Using the adjusted balances, give the closing entry for the current year.

Explanation:

1  

Db Insurance expense  6000  

Cr Prepaid expenses           6000

 

2  

Db Wages payable 4000  

Cr Cash                                4000

 

3  

Db Depreciation expense 9000  

Cr Accumulate depreciation     9000

 

4  

Db Income tax expense 7000  

Cr Tax payable                      7000

3 0
3 years ago
Read 2 more answers
Suppose you receive at the end of each year for the next three years. a. If the interest rate is ​, what is the present value of
Furkat [3]

Answer:

the question is missing the numbers, so I looked for a similar question:

Suppose you receive $100 at the end of each year for the next three years. a. If the interest rate is 8%, what is the present value of these cash flows? (Answer: $257) b. What is the future value in three years of the present value you computed in (a)? (Answer: $324.61) c. Suppose you deposit the cash flows in a bank account that pays 8% interest per year. What is the balance in the account at the end of each of the next three years (after your deposit is made)? How does the final bank balance compare with your answer in (b)?

a) PV = $100/1.08 + $100/1.08² + $100/1.08³ = $257.71

b) FV = $257.71 x (1 + 8%)³ = $324.64

c) FV = ($100 x 1.08²) + ($100 x 1.08) + $100 = $324.64

it is exactly the same as the answer for (b)

5 0
3 years ago
When the lender provides the borrower with an amount of funds that must be repaid to the lender at the maturity date, along with
xxMikexx [17]

Answer:

This is called a <em>simple interest rate.</em> When the loan amount must be repaid to the lender at the maturity date, along with an additional payment for the interest.

To calculate <em>simple interest rate</em>, the interest rate payment is divided by the loan amount.

Explanation:

This is called a <em>simple interest rate.</em> When the loan amount must be repaid to the lender at the maturity date, along with an additional payment for the interest.

To calculate <em>simple interest rate</em>, the interest rate payment is divided by the loan amount.

4 0
3 years ago
Other questions:
  • . If incomes rise rapidly in the United States and U.S. preferences for foreign goods strengthen, we
    6·1 answer
  • Mark is a famous syndicated radio personality for talkradio. he has a distinctive voice and manner of speaking. moretalk hires g
    6·1 answer
  • Snack food vendors and beer distributors earn some monopoly profits in their local markets but see them slowly erode from variou
    6·1 answer
  • Wildhorse Co, purchases land for $155000 cash, Wildhorse assumes $4900 in property taxes due on the land. The ttle and attorney
    8·1 answer
  • A stock has an average return of 19.2 percent and a standard deviation of 10.7 percent. In any one given year, you have a 95 per
    9·1 answer
  • Futures contracts on gold are based on 100 troy ounces and priced in dollars per troy ounce. Assume the January gold contract se
    14·1 answer
  • What budgeting tips would you help to stay on track financially
    7·1 answer
  • what do risk managers need to do to help their company successfully launch a new product ? (is the new product going to be a WIN
    11·1 answer
  • What happens to the equilibrium price and quantity when demand increases and at the same time supply decreases, but the demand s
    12·1 answer
  • Most new carmex products are priced between $0. 99 and $2. 99, well within reach of the price-sensitive mass consumer market. Ca
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!