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SVETLANKA909090 [29]
3 years ago
11

Assume that you finance a new car when you graduate. It will cost $120,000 and you will finance it with a 84 month contract havi

ng a nominal rate of 9.20% Compute the monthly payment to the second decimal place.
Business
1 answer:
shusha [124]3 years ago
6 0

Answer: $1942.89

Explanation:

Since the car will cost $120,000 and it will be financed with a 84 month contract having a nominal rate of 9.20%, then the monthly payment will be:

= PMT(9.2%/12, 84, -120000)

This will be slotted into the Excel calculator and the answer gotten will be $1942.89

Therefore, the monthly payment will be $1942.89.

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How do make a good business?
-Dominant- [34]

Answer: 1st to make a good business you have to start off small. For starters start doing a Lemonade Stand. If people like your Lemonade i'm sure they'll promote you by telling there friends. Then your business will get bigger and bigger until you have like a whole company.

6 0
4 years ago
Read 2 more answers
What is the stock price per share for a stock that has a required return of 12%, an expected annual dividend of $3.15 per share
Simora [160]

Answer:

Price per share = $78.75

Explanation:

<em>The Dividend Valuation Model is a technique used to value the worth of an asset. According to this model, the worth of an asset is the sum of the present values of its future cash flows discounted at the required rate of return.</em>

If dividend is expected to grow at a given rate , the value of a share is calculated using the formula below:

Price=Do (1+g)/(k-g)  

Where Do- Dividend now, g- growth rate, k- required rate of return(cost of equity)

<em>Note Do (1+g) represents the expected dividend in the first year</em>

DATA:

Do (1+g) = 3.15

g= 8%

k= 12%

Price per share = 3.15/(0.12- 0.08) = $78.75

Price per share = $78.75

5 0
3 years ago
Dawson Company issued 600 shares of no-par common stock for $5,400. Which of the following journal entries would be made if the
Tems11 [23]

Answer:

b. Cash               5,400 Debit

    Common Stock                                    1,200 Credit

    Paid-in Capital in Excess of Par          4,200 Credit

Explanation:

the cash proceeds will be for 5,400

common stock will increase for the face value:

600 shares x 2 = 1,200

the paid-in capital in excess of par value will be the difference:

5,400 - 1,200 = 4,200

Cash, which is an asset increase for mdebit side while the common stock and additional paid-in are equity accounts. They increase from the credit side.

6 0
3 years ago
(Section 5.5)
Elden [556K]

Answer:

$373.10

Explanation:

The principle amount is $350... PV

Interest rates 6.5 % ...r

Duration one year...n

The formula for calculating compound interest

FV = PV x ( 1 + r ) n

Since 6.5 % is compounded twice year:  r becomes 6.5/ 2 and n will n x2

FV = 350(1+0.065 )2

=$350 x 1.06605625

=$350 x 1.066

=$373.10

7 0
3 years ago
CSI project fpr For inequality
patriot [66]

Answer:

Criminal Science Investigation

false positive rate

phenomenon of unequal and/or unjust distribution of resources and opportunities among members of a given society.

4 0
3 years ago
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