Answer:
$17,167
Explanation:
<em>The first step is to calculate amount of cash that would be charged</em>
<em>For 30 months, pay $520 per month for 30 months and an additional $10,000 at the end of 30 months.</em>
Present value is = 2,221
<em>Then</em>
<em>The present value of the payment options is =</em>
<em>($520 * PVA (24% 12,30) + $10,000 PV ( 24% 12,30))</em>
<em>$520 * 22.396 + $10,000 * 0.5521</em>
<em>$11646 + $ 5521</em>
<em>$17,167</em>
<em>Therefore the amount of cash the car dealer would charge is $17,167</em>
Answer:
c. consumption and leisure are both normal goods and that the consumer likes diversity in his or her consumption bundles.
Explanation:
- A consumer's preference can determine the consumer utility properties between the different periods and can be measured by the tastes and preference by comparing the opportunity costs of that one item when every you buy an item.
- The consumption and the leisure are both the normal goods hat the consumer likes to have diversity in his consumption patterns and have a utility related to them.
Home equity loan is an example of long term debt among the choices provided in the question. The correct option among all the options that are given in the question is the last option or option "d". Long term debts are the type of debts that are not needed to be paid within a years time. I hope this helps.
Answer:
The correct answer is letter "C": Compare your prices favorably with those of a competitor.
Explanation:
At the moment of the purchase, consumers are quality and price given in their decisions making. Most of them, are likely to give up on some of the additional features of a certain good or service towards another because of the differences in the price. So, while giving a sales message where the price is an issue and if our price is favorable in contrast to the competitors, it must be highlighted to attract the consumer's attention and preference.
