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denis-greek [22]
3 years ago
12

Gerritt wants to buy a car that costs $30,750. The interest rate on his loan is 5.65 percent compounded monthly and the loan is

for 7 years. What are his monthly payments
Business
1 answer:
svet-max [94.6K]3 years ago
7 0

Answer:

$444.07

Explanation:

EMI = [P * I * (1+I)^N]/[(1+I)^N-1]

P =loan amount or Principal = 30750

I = Interest rate per month = .0565/12

N = the number of installments = 7*12 = 84

EMI = [30750*.0565/12* (1+(.0565/12))^84]/[(.0565/12))^84-1]

EMI = [30,750 * 0.0565  / 12 * 1.48374877204] / [1.48374877204 - 1]

EMI = 214.819001902 / 0.48374877204

EMI = $444.07

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Most markets are not monopolies in the real world because
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Answer:

D. there are reasonable substitutes for most goods.

Explanation:

A monopoly is when there is only one firm operating in the industry. There are also no subsituites for goods and services produced by the monopoly. The monopoly sets the price for his product and earns economic profit in the long and short run.

There aren't a lot of monopolies in the real world because most goods have substitutes. Therefore, consumers can substitute the monopoly product for another product and there isn't just one firm operating in the industry.

4 0
3 years ago
George works in the accounting department at the Green Goddess Lawn Services, where it is his job to record all transactions int
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Answer:

The correct answer is post the information to the ledger.

Explanation:

In accounting, the general ledger is a document where all the transactions of corporations are recorded in chronological order. Each account must have a different book, which must be affected each time the accounts are involved in this process. These records make it possible to know the movements in a more detailed way, since unlike the journal in this case, only a single group of accounts is known and not the whole.

7 0
3 years ago
Jenny is a line manager at Maxvin Corp. She is assigned the task of understanding and gathering detailed information about the r
ioda

Answer: Option (D)

Explanation:

Job analysis is also referred to as work analysis is known as a family or group of procedures or process taken in order to identify composition of any job in regards with the activities indulged and also job requirements or attributes needed in order to perform these activities. Job analysis tends to provide information of company that helps to evaluate which individual is the best fit for a particular jobs.

7 0
3 years ago
Suppose interest rates in the UK fall. This will affect the side of the foreign exchange market and cause exchange rates to
maw [93]

A fall in the interest rates in the UK, would cause the exchange rate of the UK to decline.

<h3>What is the impact of a fall in interest rate on exchange rate?</h3>

Exchange rate is the rate at which one currency is exchanged for another currency. Interest rate is the return earned by investors for allowing business owners use their funds.

When interest rate declines, the return earned by investors would fall. This would discourage investors from investing. This would lead to a decline in the demand for the UK currency. This would depress the exchange rate.

To learn more about exchange rate, please check: brainly.com/question/25780725

5 0
1 year ago
Asarta Inc. is polluting into a nearby fishing stream; doing so benefits them $40,000 a year. The fishermen are unhappy as their
IceJOKER [234]

Answer:

a. Asarta Inc. could pay the fishermen $8,500 and keep polluting  

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The fishermen sell the fish for $8,000 a year at local market.

Due to pollution emitted by company into stream, their catch is dwindling and also their income.

The company benefits from usage of stream to the tune of $4,000 a year.  In such scenario, if company compensates the fishermen for any amount between $8,000 and $40,000 then, in that case, optimal solution to the problem can be achieved in absence of any other transaction cost as per the Coase Theorem.

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