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Monica [59]
3 years ago
6

A car dealership can offer a $36,000 car under a special promotion with four years financing at 0%, or can offer a discount off

the price of the vehicle if the buyer finances the sale at 0.5% monthly over the four years. What discount off the purchase price results in the buyer making the identical monthly payment under either purchase option
Business
1 answer:
tresset_1 [31]3 years ago
7 0

Answer:

$4,064.76

Explanation:

According to the scenario, computation of the given data are as follows,

If car financing at 0%, then

Car price = $36,000

Time period = 48 months

So, Monthly payment = $36,000 ÷ 48 = $750

If financing at regular rate then,

Monthly interest rate = 0.5%

Time period = 48 months

Monthly payment , if we consider the same payment = $750

By using excel formula, [=PV(BY8,BY9,-BY10)]

Discount = $4,064.76

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You own 500 shares of ABC stock. The stock has been declining in price and is now selling for $30 a share. You decide to sell al
Leya [2.2K]

Answer:

The order has not yet been executed which means you still own 500 share

Explanation:

The status of your order is that the order has not yet been executed which means you still own 500 share because despite that you own the 500 shares of ABC stock in which the stock has been declining in price but now sells for $30 per share in which you wanted to sell all the shares thereby placing a limit sell order at a price of $30 per share but the shares continue to decline from $30 per share to $29 per share to $18 per share, their wont be any cause for alarm because the order has not yet been executed which means that the 500 shares is still in your custody.

6 0
3 years ago
A huge open-area in which contests were held
lesya [120]
An arena or a thretre area in front of the king
5 0
3 years ago
On February IN , Marshak's investment account has a balance Of $19,800. He deposited ,200 on April I and $2,600 on May l . He wi
lesya692 [45]

The dollar-weighted annual yield for this nine-month period is -2.7%.

<u>Solution:</u>

The investment of deposit on April 1 (Feb, March = 2 months)

\Rightarrow\frac{(9-2)}{9}\times1200=\frac{(7)}{9}\times1200

The investment of deposit on May 1 (Feb, March, April = 3 months)

\Rightarrow\frac{(9-3)}{9}\times1200=\frac{(6)}{9}\times1200

Therefore, Dollar-weighted annual yield for this nine-month period,

\Rightarrow \frac{\text{Total interest}}{\text{Total investments}}

On plugging-in the values,

\Rightarrow\frac{14820-(19800+1200+2600-8400}{19800+\frac{7}{9}(1200)+\frac{6}{9}(2600)-8400}=-0.027

In percentage notation,

-0.027=(-0.027\times100)\frac{1}{100}=-2.7\% (\because \frac{1}{100}=\%)

6 0
3 years ago
Which type of contract is not assignable?
Margarita [4]

Answer:

(b) purchase contract with no contingencies.

4 0
2 years ago
Henry​ Crouch's law office has traditionally ordered ink refills 65 units at a time. The firm estimates that carrying cost is 40
Ronch [10]

Answer:

The answer is: the ordering cost will be $38

Explanation:

We have the formula for economic order quantity is:

EOQ = Square root of ( 2 x S x D / H)

in which: S ordering cost;

               D: Quantity demand

               H: carrying cost

For the law office to act at optimal level by ordering EOQ at 65 units a time, The ordering cost will be found be the equation:

65 = square root of ( 2 x S x 245 / 4.4) <=> 4,225 = (2 x S x 245) / 4.4 <=> 4,225 = 1225S/ 11 <=> S = $38

Thus, the ordering cost will be $38.  

4 0
3 years ago
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