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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?

1 answer:

ella [17]3 years ago

4 0

the monthly payment will be $560.00 per month

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Choose all that apply. Select all of the tools you could use to track your expenses.

fgiga [73]

Answer:

budget software

spreadsheet

Mint©

Mvelopes®

Explanation:

The spreadsheet is also the same as Excel. It used to organize and analyze expenses and identify how your expenses can be reduced

Mint© is an online expensive tracking device, that can be used to track credit score and manage expenses.

Budget software is budgeting and expensive tracking device. It can be used to track credits cards and bank account

Mvelopes® is an online expensive tracking device that is used in taking care of the budget.

6 0

3 years ago

If the current interest rate is 5% and your semi-annual coupon paying bond has a duration of 5.33 years, how much will the price

Serhud [2]

Answer:

Percentage change in price = -5.33 * 0.00005

Explanation:

Percentage change in price = - modified duration * (Change in yield in BP/100)

Percentage change in price = -5.33 * ((0.01/2)/100)

Percentage change in price = -5.33 * (0.005/100)

Percentage change in price = -5.33 * 0.00005

7 0

3 years ago

The management of Penfold Corporation is considering the purchase of a machine that would cost $270,000, would last for 5 years,

Lorico [155]

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Initial investment= $270,000

Cash flow= $60,000

Number of years= 5

Discount rate= 12%

<u>To calculate the net present value (NPV), we need to use the following formula:</u>

NPV= -Io + ∑[Cf/(1+i)^n]

∑[Cf/(1+i)^n]:

Cf1= 60,000/1.12= 53,571.43

Cf2= 60,000/1.12^2= 47,831.63

.....

Cf5= 60,000/1.12^5= 34,045.61

∑[Cf/(1+i)^n]= 216,286.57

<u>Now, the NPV:</u>

NPV= -270,000 + 216,286.57

NPV= -53,713.43

5 0

2 years ago

Successfulness of the competition policy in South Africa

Gwar [14]

Answer:

Five examples that support successfulness of the competition policy of South Africa are: 1) The product choices along with its competitive prices were provided to the consumers. 2) Practices such as horizontal collusion and resale price maintenance was declared unlawful in 1984.

Explanation:

8 0

3 years ago

A service station owner in Staten Island, New York, was worried that raising the price of gasoline would cause the quantity de

lara31 [8.8K]

Answer:

The demand for gasoline is elastic .

Explanation:

The elastic demand which is also termed as the price elasticity of demand, according to this concept the demand for a good is sensitive to changes in the price of goods, that means (according to this question ) if the prices of gasoline are increased by the service station owner, than the demand for gasoline would decrease . Here the demand would change by same percentage , that price would change.

5 0

3 years ago