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
Sharon purchases two products, X and Y, with a given fixed budget. The marginal utility she receives from the last unit of X she
Elanso [62]

Answer:

A) is maximizing her total utility from the given fixed budget.

Explanation:

The equal marginal principle refers to the principle in which the consumer would select that combination of goods which maximise its total utility. It could be selected by having marginal utility and its price

And for profit maximization, the marginal utility and the price is equivalent to both the goods.

i.e

\frac{MU_X}{P_X} = \frac{MU_Y}{P_Y}

\frac{60}{2} = \frac{30}{1}

30 = 30

Hence, the correct option is a.

5 0
3 years ago
Over time, external monitoring processes should capture information about the external environment in a format that can be refer
mamaluj [8]

Answer:

True

when monitoring processes are observed when threats emerge the organization will know how to tackle the threats

6 0
3 years ago
Vasudevan Inc. recently reported operating income of $2.30 million, depreciation of $1.20 million, and had a tax rate of 25%. Th
Korvikt [17]

Answer:

free cash flow is 2.352 million

Explanation:

Given data:

operating income is $2.30 million

depreciation $1.20

tax rate is 25%

free cash flow is calculated by using below formula

free cash flow = operating  income ( 1- Tax) + depreciation -  fixed working capital

                       = 2.75( 1 - 0.25) + 1.20 - 0.6

                       = 2.352 million

free cash flow is 2.352 million

4 0
4 years ago
What are the cons to raising a minimum wage? ​
tekilochka [14]

Answer:

higher taxes

Explanation:

if we raise minimum wage the tax scale will also raise. our income bases off how much we pay in taxes. meaning more money, more taxes.

3 0
4 years ago
Read 2 more answers
Carter is the principal broker of a Missouri real estate branch office. Kathleen, a broker-salesperson, was appointed the superv
Nitella [24]

There are different aspect to being a broker. To whom do the listings belong is  Carter as the principal broker.

<h3>Who is principal broker? </h3>
  • Note that in real estate office, there has to be a principal or designated broker. This is known to be an individual who is responsible for managing or the person who oversees all licensed real estate agents at a specific firm.

He or she makes sure that agents are working in compliance with state and national real estate law.  Based on  the scenario between Carter and Kathleen and Holly, the listings belong is  Carter as the principal broker.

Learn more about a broker from

brainly.com/question/6304438

8 0
2 years ago
Other questions:
  • __________ is an example of a public source of information consulted during an external search as part of the purchase decision
    6·2 answers
  • using the information below compute the cycle efficiencyDays' sales in accounts receivable 15daysDays' sales in inventory 72days
    8·2 answers
  • On which kinds of goods do governments generally place price ceilings?
    7·2 answers
  • A fancy steak house in a shopping mall offers a 20 percent discount to employees of other stores in the mall, provided that they
    6·1 answer
  • A one page document that introduces you, your skills and background and asks for an interview is an example of what type of
    7·1 answer
  • Assume the following shares outstanding: Preferred stock, 5%, $100 par value, noncumulative, 1,000 shares. No dividends were dec
    6·1 answer
  • you can save on interest and reduce the time it takes to pay off a credit card balance if you pay more than the minimum amount d
    10·1 answer
  • Factorize the following algebraic expressions.<br>m²-64n⁴​
    10·1 answer
  • How will forgoing traditional advertising in favor of a social media campaign using various social media technologies help Slice
    10·1 answer
  • In the balance of payments accounts, goods and financial assets that migrants bring to a country are included in the:_______.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!