1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
coldgirl [10]
3 years ago
10

It's time for another financial calculator problem. A UCF student (who has not taken FIN 2100) decides that he really needs a la

rge screen HD TV for football season. The student goes to a "rent to own" center and agrees to rent a TV for $60 per month (end of month). After 36 months, the student will own the TV. Assuming that the student could buy the same TV today for $1,000, what is the interest rate (APR) of renting the TV?
a. 51%
b. 43%
c. 33%
d. 23%
e. None of the above
Business
1 answer:
Alchen [17]3 years ago
5 0

Answer:

The answer is: E) None of the above

Explanation:

Using an excel spreadsheet and the RATE function, we can calculate the monthly interest rate of renting the TV:

=RATE(36,-60,1000)

= 4.94% monthly interest rate

Then we multiply the monthly interest rate by twelve to get the APR:

APR = 4.94% x 12 = 59.3%

You might be interested in
Exchange rates that are allowed to fluctuate in response to changes in supply and demand is known as?
Cerrena [4.2K]

A flexible exchange rate is a rate that is determined by details of demand and supply in the foreign exchange market. Here the value is permitted to fluctuate freely according to the transformation in demand and supply of foreign exchange.

<h3>How an exchange rate fluctuates through the exchange of demand and supply?</h3>

As the price of a foreign currency gains, the quantity supplied by that currency increases. Exchange rates are defined just like other prices: by the exchange of supply and demand. At the equilibrium exchange rate, the supply and demand for a cash are equal.

To learn more about the Flexible exchange rate visit the link

brainly.com/question/24280716

#SPJ4

3 0
2 years ago
A soft peg exchange rate may create additional _______________ as exchange rate markets try to anticipate when and how the gover
sattari [20]

A soft peg exchange rate may create additional volatility as exchange rate markets try to anticipate when and how the government will intervene.

<h3>What is an exchange rate?</h3>

An exchange rate refers to the value of a country's currency in relation to another currency. This entails the rate at which a currency will be exchanged for another.

It is the value of one currency for the purpose of conversion to another.

Learn more about exchange rate here : brainly.com/question/2202418

#SPJ1

7 0
2 years ago
While waiting in line to buy two tacos at 75 cents each and a medium drink for 80 cents, Jordan notices that the restaurant has
frozen [14]

Answer:

55 cents

Explanation:

75 cents each for a taco

$1,50 for two tacos (75×2)

80 cents for a medium drink

Total cost =1.50+0.80=$2.30

Additional taco =2.30+0.75=$3.05

Value meal =$2. 50

The marginal cost for Jordon to purchase an additional taco instead of the value meal =

3.05-2.50=55 cents

6 0
4 years ago
Why might an improvement team consider collecting balancing measures?
Tanzania [10]

The reason an improvement team would consider collecting balancing measures is "to make sure they didn't unintentionally introduce undesired changes."

This is based on the idea that is balancing measures are information gathered that reveals the details of a health system to make sure an improvement in one aspect is not having adverse effects in another area.

The purpose of an improvement team is to make sure there is a true and right improvement that has no negative effect in any way.

Hence, in this case, it is concluded that the role of the improvement team is vital health care system.

Learn more here: brainly.com/question/15841155

7 0
3 years ago
The chief executive officer and chief financial officer of the Blue Willow Food Service Corporation must personally certify that
Anna007 [38]

Answer:

a. True

Explanation:

Corporate governance in simple terms refers to a system by which corporate firms are governed and run.

Such a system involves taking care of the interests of all the stakeholders of a company which would include it's shareholders, suppliers, employees, investors or users of financial statements, etc.

Corporate governance is a wide term and encompasses abidance to rules and laws, adoption of fair and sound organization policies, protection to whistle blowers and ensuring compliance with true and fair view and reporting requirements of financial statements.

In the given case, when chief executive officer and chief financial officer both are required to certify financial statements accuracy, it means that such a requirement increases the accountability of those charged with governance and at the same time boosts the reliability of such statements to the end users.

6 0
4 years ago
Other questions:
  • A graphical representation of all organizational jobs along with the numbers of employees currently occupying those jobs and fut
    5·1 answer
  • Underfoot Products uses standard costing. The following information about overhead was generated during May: Standard variable o
    9·1 answer
  • Elaine supervises 30 sanitation engineers. She fills out a form that rates such factors as loyalty, cooperation, attendance, and
    6·1 answer
  • You buy a TIPS at issue at par for $1,000. The bond has a 3% coupon. Inflation turns out to be 2%, 3%, and 4% over the next 3 ye
    13·1 answer
  • Ty has been working for Lyft for three months. He expected that his job would be to respond to requests on the app for a ride, p
    9·1 answer
  • A property is assessed at $39,000. The local municipality has an equalization rate of 5%. What is the market value of the proper
    8·1 answer
  • Which of the following statements accurately describe the phases of a business cycle? Check all that apply.
    10·1 answer
  • Invoices are comparable to bills.<br> True<br> False
    7·1 answer
  • If bagels and donuts are substitutes, then a decrease in the price of donuts will result in:Multiple ChoiceAn increase in the de
    10·1 answer
  • Do consumers benefit in any way from monopolistic competition relative to perfect competition?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!