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Yakvenalex [24]
2 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]2 years ago
6 0

Answer:

$583.92

Explanation:

See attached file

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Cameron loves to know about and purchase the most up-to-date technological gadgets. Among his friends, he is almost always the f
Lisa [10]

Answer:

A. Innovator

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Read 2 more answers
Your investment has a 20% chance of earning a 30% rate of return, a 50% chance of earning a 10% rate of return, and a 30% chance
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Answer:

9.2%

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expected return of the investment = potential return x chance of each return happening

Expected return of the investment:

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  • 50% chance of occurring x 10% potential return = 0.5 x 10% = 5%
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3 years ago
The general ledger of Sandhill Corporation as of December 31, 2021, includes the following accounts: Copyrights $ 58000 Deposits
Dafna1 [17]

Answer:

$687,000

Explanation:

Intangible Assets are identifiable assets of a non-monetary asset  and without physical substance. Intangible assets include trademarks, copyrights and goodwill that is acquired.

Important to note that Internally generated Goodwill  is not defined as an assets. Thus, deposits with advertising agency of $35,000 are not included within tangible assets

<u>Calculation of Total Intangible Assets will be :</u>

Intangible Assets Calculation = (Copyrights) $ 58,000  + (Goodwill Acquired) $560,000 + (Trademarks) $69,000

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