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Yakvenalex [24]
3 years ago
7

In this problem we will consider the effect of the interest rate on loan payments. Zoe has saved enough for the down payment on

a new car. She will borrow $29,685 to pay for the remainder of the car. She plans to make monthly payments for the next 3 years to pay off the loan. Her bank offers her a loan at 6% annual interest. The car dealer offers her a slightly higher rate of 7.2%. Zoe is not sure it is worth the hassle of going to the bank when she could simply complete the transaction at the dealer. How much more will Zoe pay over the life of the loan if she takes the 7.2% loan?

Business
1 answer:
Arturiano [62]3 years ago
6 0

Answer:

$583.92

Explanation:

See attached file

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Corporate strategy correlates with achieving the highest profit margins, and ROI attracts more customers.

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nadya68 [22]

Answer:

a. Ratio of fixed assets to long-term liabilities

   = <u>Fixed assets  </u>            x 100

      Long-term liabilities

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b. Ratio of liabilities to shareholders' equity

     = <u>Total liabilities</u>              x 100

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         $5,000,000

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       $7,000,000

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The ratio of fixed assets to long term liabilities equals fixed assets divided by long-term liabilities multiplied by 100.

Ratio of liabilities to stockholders' equity equals total liabilities divided by total stockholders' equity multiplied by 100. The total liability is equal to current liabilities plus long-term liabilities.

Asset turnover equals sales divided by total assets.

Return on total assets equals net income divided by total assets multiplied by 100.

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