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Margarita [4]
4 years ago
13

Suppose Capital One is advertising a 60​-month, 5.06 % APR motorcycle loan. If you need to borrow $ 8 comma 400 to purchase your

dream​ Harley-Davidson, what will be your monthly​ payment?​ (Note: Be careful not to round any intermediate steps less than six decimal​ places.)
Business
1 answer:
IceJOKER [234]4 years ago
8 0

Answer:

The monthly payment n the motorcycle will be for 158.75 dollars

Explanation:

We need to solve for the PMT of an ordinary annuity:

PV \div \frac{1-(1+r)^{-time} }{rate} = C\\

PV 8,400 (loan)

time 60 months

rate 0.004216667 (5.06% annual divide into 12 months)

8400 \div \frac{1-(1+0.00421666666666667)^{-60} }{0.00421666666666667} = C\\

C  $ 158.749

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Concord Company purchased equipment for $25200 on December 1. It is estimated that annual depreciation on the equipment will be
Ray Of Light [21]

Answer:

Debit Depreciation Expense, $525;

Credit Accumulated Depreciation, $525.

Explanation:

Based on the information given in a situation where the financial statements are to be prepared on December 31, which means that the company should make the following adjusting entry:

Debit Depreciation Expense, $525

Credit Accumulated Depreciation, $525

Calculated as:

Debit depreciation expense $6,300/12

Debit depreciation expense=$525

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3 years ago
Gold Company was experiencing financial difficulties, but was not bankrupt or insolvent. The National Bank, which held a mortgag
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3 years ago
The demand function for widgets is given by D(P) 16 2P. Compute the change in consumer surplus when the price of a widget increa
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Question: The demand function for widgets is given by D(P) = 16 − 2P. Compute the change inconsumer surplus when price of a widget increases for $1 to $3. Illustrate your result graphically

Answer:

For price of a widget equal to $1 consumer surplus is

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CS₁ = ½ × (8 – 1) × D(1) = ½ × 7 × 14 = 49.

When price is equal to $3 consumer surplus is

D(3) = 16 - 2(3) = 10

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8 0
3 years ago
What is credit union
sp2606 [1]

Answer:

"a nonprofit-making money cooperative whose members can borrow from pooled deposits at low interest rates."

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3 years ago
A client is admitted to the hospital with a diagnosis of lower extremity arterial disease (LEAD) A client with heart disease has
AlekseyPX

Answer:

Blood enters the right atrium via the superior and inferior vena cava, flows to the right ventricle and then into the lungs, returns from the lungs to the left atrium and left ventricle, and exits out the aorta

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The blood stream will flow to the right artium through the vena cava and moves to the right ventricle as well as the lungs. The blood is then returned back to the left atrium and ventricle from the lungs. It later flows out through the aorta. That is the sequence of flow of the blood streams to and from the lungs.

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