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makvit [3.9K]
3 years ago
5

You have arranged for a loan on your new car that will require the first payment today. The loan is for $24,500, and the monthly

payments are $465. If the loan will be paid off over the next 60 months, what is the APR of the loan?
Business
1 answer:
kykrilka [37]3 years ago
4 0

Answer:

84%

Explanation:

APR is the annual rate of interest that is paid on an investment, without taking into account the compounding of interest within that year. APR is calculated by multiplying the periodic interest rate by the number of periods in a year in which the periodic rate is applied.

Divide the finance charge by the loan amount. In this case, $3,400 divided by $24,500 equals 0.138

Multiply the result by 365 to get 50.4

Divide the result by the term of the loan. In this case, 50.4 divided by 60 is 0.84

Multiply the result by 100 to turn the answer into a percentage 84%

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Your company produces mass spectrometers for sale to colleges and universities throughout the United States. On February 12, the
Jobisdone [24]

Answer:

As the Company has received a Cheque of $10,000,000 for payment in full. The Company though have not started the production it can consider such amount and cancel the contract and being a misc Income in its profit and loss account.

Though the product is being sold to an university and such organisation work on No profit no loss situation hence it can consider manufacturing 10 units and selling such units to the university at least the university also does not incur a loss of such a huge amount.

7 0
3 years ago
Suppose disposable income increases by $ 2,000. As a result, consumption increases by $ 1,500. 1. The increase in savings result
NeTakaya

Answer:

1. The increase in savings resulting directly from this change in income is $500

That is

Increase in savings = Increase in income minus increase in consumption

= 2000 - 1500

= $ 500

2.The marginal propensity to save (MPS) is calculated by dividing the change in savings by the change in income.

That is

ΔS/ ΔY,

Therefore given

Change in savings =ΔS =$500

Change in income =ΔY = $2000

MPS = 500/2000

MPS = 0.25

3.The marginal propensity to consume (MPC) is calculated by dividing change in consumption by changes in come.

That is ΔC / ΔY

Where ΔC = 1500

ΔY = 2000

Therefore MPC = 1500/2000

= 0.75

1. The increase in savings resulting directly from this change in income is $

8 0
3 years ago
Marketing involves which of the following?
qwelly [4]

Answer:

C.

Explanation:

First of all, C is the only that make sense.

Marketing refers to a set of processes that allow you to create, design, develop (innovate), communicate and deliver product or service offers which have some value to costumers or companies.

So, <u>'redesigning a product to make it more desirable'</u> completely fits with marketing's definition and applies to its work field.

7 0
3 years ago
Suppose you are given the following data.
never [62]

Answer:

The weight of Asset A in the portfolio P is 18.97%. The right answer is a

Explanation:

In order to calculate the weight of asset A in the portfolio P, we would have to calculate first the weight of stock A and B as follows:

Let weight of Asset A is w,

0.058 = w(0.07) + (1 - w)(0.05)

0.058 = 0.07w + 0.05 - 0.05w

w = 40%

Weight of Stock A = 40%

Weight of Stock B = 60%

Therefore Standard Deviation = [(0.40)2(0.30)2 + (0.60)2(0.20)2 + 2(0.40)(0.60)(0.30)(0.20)(0.25)]1/2

Standard Deviation = 18.97%

The weight of Asset A in the portfolio P is 18.97%

5 0
3 years ago
A ____________ outline is a brief outline used to jog a speaker's memory during the presentation of a speech.
Ket [755]
A speaking outline is a brief outline used to jog a speaker's memory during the presentation of a speech.
6 0
3 years ago
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