Answer:
The answer is: APR = 10.56%
Explanation:
Using an excel spreadsheet and the RATE function, we can calculate the monthly interest rate of buying the car:
=RATE(72,-489,25995)
= 0.8803% monthly interest rate
Then we multiply the monthly interest rate by twelve to get the APR:
APR = 0.8803% x 12 = 10.56%
Answer:
$50,000
Explanation:
Total Assets at beginning $450,000
Total Assets at end $550,000
Total Assets $1,000,000
Average Total Assets=Total Assets/2=$1,000,000/2=$500,000
Return on assets=Net Income/Average Total Assets
10%=Net Income/$500,000
Net Income=$500,000*10%
Net Income=$50,000
<span>The business cycle is the natural rise and fall of economic growth that occurs over time. The cycle is a useful tool for analyzing the economy. It can also help you make better financial decisions. </span>
Answer:
Know what your goal.
Explanation:
So that you can manage your time and make that goal happen.
