Answer:
a) Total Interest Paid in 24 months is $1680
b) Total Cost of the car is $12180
c) Monthly Payment is $420
d) Annual Percentage Rate is 10.47%
Explanation:
(a) Loan Amount = $8400
Interest Rate = 10%
Monthly Interest = 8400 x (10%/12)
= $70
Total Interest Paid in 24 months = 24 x 70
= $1680
(b) Total Cost of the car = Loan Amount + Interest Paid + Down payment
= 8400 + 1680 + 2100
= $12180
(c) Monthly Principal Payment = 8400/24
= $350
Monthly Payment = Monthly Interest Payment + Monthly Principal Payment
= 70 + 35
= $420
(d) Annual Percentage Rate = (1+ 0.10/12)12 - 1
= 0.1047
= 10.47%
One way to more effectively prevent failure of the expatriate assignment is to- Prepare expatriates and their families for assignments
Traditionally, expatriate assignments occurred when a multinational hired an employee and assigned him to work abroad for one of three reasons: to support a foreign affiliate, as a broadening assignment, or to serve as a "foreign correspondent" performing tasks overseas for the benefit of the home-country employer. However, multinational corporations are increasingly seeing traditional expatriate assignments as ineffective.
A business expatriate is an employee who was originally hired and worked for a multinational in one country and is now reassigned to work temporarily abroad in a new overseas location. At the end of a business assignment, an expatriate always expects to return home—to be "repatriated." A business expatriate is a "permanent transferee" who has no intention of returning home.
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Directed to ultimate consumers, consumer-oriented sales promotions are sales tools used to support a company's <u> advertising</u> and<u> personal selling</u>.
<h3>What is sales promotion?</h3>
Sales promotion can be defined as the process of creating awareness about a product to consumer or audience so as to increase sales.
Most companies or organization tend to makes use of sales promotion as a form of advertising in order to create product or brand awareness.
Therefore Directed to ultimate consumers, consumer-oriented sales promotions are sales tools used to support a company's <u> advertising</u> and<u> personal selling</u>.
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The price of coned today is $82.40.
<h3>What is the price of coned today?</h3>
In order to determine the price of coned today, the Gordon constant dividend growth model would be used. According to the model, the price of a stock is a function of its dividends, cost of equity and growth rate.
Price today of the stock = [last dividend payment x ( 1 + growth rate)] / (cost of equity - growth rate)
[2.8 x (1.03) ] / (0.065 - 0.03) = $82.40
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