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8_murik_8 [283]
3 years ago
13

You have just purchased a car and, to fund the purchase, you borrowed $31,000. If your monthly payments are $493.25 for the next

6 years, what is the APR of the loan?
Business
1 answer:
Free_Kalibri [48]3 years ago
7 0

Answer:

4.56%

Explanation:

The annual percentage rate refers to the rate at which the loan amount is equal to the present value of cash flows

In mathematically

Loan amount = Present value of cash flows

Loan amount = Monthly payment × PVAF (rate, number of years)

$31,000 = $493.25 × PVAF (rate, 72 months)

So,

PVAF (rate, 72 months) = 62.8485

And, the monthly rate  is = 0.38%

So, the APR is

= Monthly rate × total number of months in a year

= 0.38% × 12

= 4.56%

The 72 months is

= 6 years × 12 months

= 72 months

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Answer:

C) $50,000,000

Explanation:

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8 0
3 years ago
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Lisa [10]

Answer:

Explanation:

a. If you believe that the term structure next year will be the same as today’s, calculate the return on (i) the 1-year zero and (ii) the 4-year zero.

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The longer term bond has given the higher return in this case at it's YTM fell during the holding period(4 -year)

8 0
2 years ago
FitWear Inc., a sporting goods footwear and apparel company, features photographs of celebrities wearing its brand of clothing a
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Answer:

opinion leaders

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Since in the question it is mentioned that the Fitwear Inc i.e. a footwear of sporting products and apparel company also it established a new line of football cleats. In addition to this, they also believes that celebrities could influence the buying decision of the customers so here the football stars would be represent as an opinion leaders as they are considered as an individual that influence the people in general

5 0
3 years ago
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Vladimir79 [104]
I would think Interest rates
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3 years ago
According to Parsons (1998) there are numerous reasons it is important to measure procedural acceptability when determining whic
Bezzdna [24]

Answer:

The option that does not apply to Parsons (1998)  procedural acceptability measure when determining which methods to use to deliver performance feedback to staff is option A). Client treatment acceptability is directly related to procedural acceptability of supervisor feedback to staff.

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The study of organizational behavior gives insight on how employees behave and perform in the workplace. It helps us develop an understanding of the aspects that can motivate employees, increase their performance, and help organizations establish a strong and trusting relationship with their employees

OBM can be seen as the intersection between behavioral science and improvement in organizational environments.

According to Parsons (1998) there are numerous reasons it is important to measure procedural acceptability when determining which methods to use to deliver performance feedback to staff such as Staff motivation being impacted if a management practice has low procedural acceptability.

However, Client treatment acceptability is not directly related to procedural acceptability of supervisor feedback to staff.

8 0
3 years ago
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