Understanding the consumer's learning helps design a marketing strategy by identifying the patterns that can be created by the consumers. A business should learn to gather the common interest that they would want on a product which it can provide. Uniqueness, quality, and usability should be targeted so they can easily attract them. It can also be reinforced through advertisements that would draw them on acquiring the products.

7 0

2 years ago

Your friend is going to purchase a car and will finance it. she is borrowing $20,000 at a monthly rate of 0.50 nd will pay it of

stiv31 [10]

The monthly payment is $386.67.

<h3>What is the monthly interest rate?</h3>

A monthly interest rate is simply the amount of interest charged in one month.
This does not include any other fees associated with the loan, and it does not indicate how expensive a loan is.
APR, on the other hand, is the annual percentage rate charged on a loan for a year.

So,

PV = 20,000, I/y = 0.50, n = 12 × 5, FV = 0
CPT PMT which equals $386.67

Therefore, the monthly payment is $386.67.

Know more about monthly interest rates here:

brainly.com/question/2151013

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6 0

1 year ago