The actual purchase price, the term of the loan/monthly payment, and the dealer fees
Answer: $242,567.27
Explanation:
The $5,000 is an annuity as it is being paid every year and is a constant amount.
The value in 19 years is the future value of this annuity:
Future value of annuity = Annuity * ( ( 1 + rate) ^ number of years - 1) / rate
= 5,000 * ( ( 1 + 9.5%)¹⁹ - 1) / 9.5%
= $242,567.27
Answer:
Explanation:
The products rank are shown below:
VP YI WX
Selling price per unit (A) $248.04 $230.66 $505.44
Variable cost per unit (B) $190.71 $172.14 $388.80
Contribution margin
per unit (A-B) or C $57.33 $58.52 $116.64
Centiliters of compound W (D) 3.90 3.80 8.10
Contribution per centiliters (C÷D) 14.7 15.4 14.4
Rank 2 1 3