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Irina-Kira [14]
3 years ago
12

Lindsay needs to purchase a car. The car she is planning o in purchasing costs $8,000

Business
1 answer:
Firlakuza [10]3 years ago
8 0

Answer:

1. $6,000

2. $60

3. $8,180

Explanation:

With the down payment equal to $2,000, amount Lindsay need finance to purchase car would be: $8,000 - $2,000 = $6,000

As Lindsay would pay for a term of 3 years

=> In each year, the amount finance is: $2,000

In one year, with APR = 3%, interest Lindsay has to pay on the loan of $2,000 is: $2,000 x 3% = $60

=> In three years, amount Lindsay pay for interest for the total finance is: $60 x 3 = $180

The actual cost of the car for Lindsay to own:

Actual cost = down payment + finance + interest = $2,000 + $6,000 + $180

= $8,180

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21 Type the correct answer in the box. Spell all words correctly. Which process helps bring business professionals together to w
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ACME Inc. has decided on a 10for1 reverse stock split. If the firm currently has​ 40,000,000 shares​ outstanding, how many share
kondor19780726 [428]

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The condition of fully flexible wages and prices was assumed by
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