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zavuch27 [327]
3 years ago
12

Shirley qualifies for a $12,000 auto loan and chooses a 36-month loan term versus a 60-month loan term. How will the shorter ter

m of the loan affect Shirley?
A. Shirley will save money on interest.
B. Shirley's car will appreciate in value.
C. Shirley will pay more in interest.
D. Shirley's car will depreciate in value.
Business
2 answers:
miv72 [106K]3 years ago
7 0

Answer:

Shirley's car will appreciate in value ( B )

Explanation:

Taking out an Auto loan will help her purchase a car she would love to purchase and choosing the shorter loan term will enable her pay off the loan on time making her car appreciate in value over paying off the loan in a longer time .

choosing a short term loan although requires paying at a higher interest rate but the long term loan requires paying at a lower interest rate. The total interest on the loan is fixed so Shirley will not save or pay more on the interest. the appreciation in value will come when the loan is paid off in the shortest time.

Lyrx [107]3 years ago
6 0
The right answer for the question that is being asked and shown above is that: "B. Shirley's car will appreciate in value." Shirley qualifies for a $12,000 auto loan and chooses a 36-month loan term versus a 60-month loan term. The shorter term of the loan affect Shirley is that her<span> car will appreciate in value.</span>
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You were planning to spend your Saturday working at your part-time job, but a friend asks you to go trekking at Karagöl. What is
Natali5045456 [20]

Answer:

the true cost (opportunity cost) of going trekking is what the amount that you could have earned from your part time job on that day instead of going trekking. If you were planning to to study, then the true cost of trekking with your friend would be the loss of all the potential knowledge that you could have gain from studying.

Explanation:

opportunity cost is the loss of potential gain from other alternatives when one alternative is chosen.

7 0
3 years ago
Jumbo Shrimp Oxymorons, Inc. recently paid a dividend of $2.12 per share. The firm expects explosive growth of 20% over the next
dusya [7]

Answer:

Dividend

First year = $2.544

Second year = $3.053

Third year = $3.48

Fourth year = $3.97

Fifth year = $4.53

Sixth year =$5.16

Explanation:

As dividend is the share of earning distributed to the stockholders. The stockholders expects a good return from the company against their interst in the company. Company make a dividend policy and calculates the growth of dividend accordingly.  

Dividend Paid = $2.12

Company expected 20% growth in next two years so,

Dividend First year = $2.12 x 120% = $2.544

Dividend Second year = $2.544 x 120% = $3.053

Dividend of following three years will grow at 14%

Dividend Third year = $3.053 x 114% = $3.48

Dividend Fourth year = $3.48 x 114% = $3.97

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After this it will grow 8% indefinitely

Dividend Sixth year = $4.53 x 114% = $5.16

4 0
3 years ago
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If a household's income rises by 30%, its budget constraint will A) shift out parallel to the old one. B) pivot at the Y-interce
aliina [53]

Answer:

A

Explanation:

A budget constraint is a graph that shows all the combination of goods a consumer can consume given  current prices and income of the consumer.

If income increases, the budget constraint will  shift out parallel to the old

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6 0
3 years ago
For the current year, Gina Hestopolis had adjusted gross income of $100,000. During the year, she contributed $6,000 to her chur
Dvinal [7]

Answer:

$39,000

Explanation:

This can be calculated as follows:

Charitable contribution to carry forward = Contribution to church + Contribution to qualified charities + Half of the fair market value of contributed religious artwork

Therefore, we have:

Charitable contribution carry forward = $6,000 + $3,000 + ($60,000 ÷ 2) = $39,000

Therefore, the amount of the charitable contribution carry forward beyond the current year for Gina Hestopolis is $39,000.

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3 years ago
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The first step when considering a career is to assess yourself.
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3 years ago
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