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
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

You might be interested in
To get a complete picture of your target market, you must do Question 2 options: door-to-door surveys. primary research. seconda
WITCHER [35]
Primary research To get a complete picture of your target market,
3 0
3 years ago
Read 2 more answers
oss Music Inc. reported the following selected information at March 31. 2022 Total current assets $262,787 Total assets 439,832
Alexxandr [17]

Answer:

Please see below

Explanation:

a. Current ratio

= Total current assets / Total current liabilities

= $262,787 / $293,625

= 0.89

b. Debt to assets ratio

= Total current liabilities / Total assets

= $293,625 / $439,832

= 0.67

c. Free cash flow

= Net cash provided by operating activities - Dividends - Capital expenditure

= $62,300 - $12,000 - $24,787

= $15,685

5 0
3 years ago
What term means an explosive and seemingly uncontrollable inflation in which money loses value rapidly and may even go out of​ u
kirill115 [55]

Answer:

hyperinflation

Explanation:

Hyperinflation is a term in economics that denotes an out-of-control, rise in prices of goods and services . When the inflation rate is rapidly rising, say by more than 50% per month, then it is a case of hyperinflation.

Hence, hyperinflation is an explosive and seemingly uncontrollable inflation in which money loses value rapidly and may even go out of​ use.

8 0
3 years ago
Inflation is problematic if a. it is less than the percentage increase in nominal income. b. it is less than the nominal return
zmey [24]

Answer:

It distorts relative prices, causing a misallocation of resources.

Explanation: Inflation is an economic term used to describe a situation in a country's market when there is a sudden rise in commodities sold in the market. Inflation can be as a result of an increase in demand of commodities sold in the market.

It has a negative effect, when the prices are distorted and the purchasing power is not properly allocated to the buyers.

8 0
3 years ago
Will the current market situation cause the price to go up, go down, or stay the same?
dusya [7]

Because Demand is up and supply is down companies are going to start demanding a higher price for their product since there are less on the market

5 0
3 years ago
Other questions:
  • A monopolist introduces a technological innovation that lowers the marginal cost and average cost of production. The price of th
    14·1 answer
  • It would bother you very much if you knew another employee was losing The company money because of rudeness to customers or vend
    15·2 answers
  • What tendency is most likely manifest in the following situation? An engagement team performed a substantive analytical procedur
    15·1 answer
  • Jensen Enterprises paid $900 in dividends and $920 in interest this past year. Common stock increased by $1,200 and retained ear
    7·1 answer
  • Has a desire to influence others, be responsible for them, and have authority over them. it can be described as her:
    8·1 answer
  • Dailies is a large retail chain in New Jersey. Apart from selling to customers, Dailies supplies bread and vegetables to a large
    7·1 answer
  • Madison Corporation purchased 40% of Jay Corporation for $400,000 on January 1. On June 20 of the same year, Jay Corporation dec
    14·1 answer
  • Lacrue Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing o
    8·1 answer
  • China Imports Inc. sold 10,000 units in May. Per unit selling price and variable expense were $23 and $15, respectively. Fixed e
    10·1 answer
  • delegate tasks so that a subordinate can see a project or assignment through to completion; allow time to get the task done.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!