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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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Which term refers to the interest the Federal Reserve Bank (Fed) charges banks for loans? open‑market sale fractional banking re
balu736 [363]

Answer:

Which term refers to the interest the Federal Reserve Bank (Fed) charges banks for loans?

  • discount rate

the discount rate is the interest rate that the Federal Reserve System charges banks for the loans it makes. The overnight rate or the federal funds rate is even lower, but it lasts a few hours only.

Select the charge the Fed levies on banks borrowing funds that would result in the smallest increase in the money supply.

  • two percentage points above the private level

the higher the interest rate, the lower the increase in the money supply.

3 0
3 years ago
The local electronics store is offering a promotion​ "1-year: same as​ cash," meaning that you can buy a tv​ now, and wait a yea
shtirl [24]

Answer:

$961.54

Explanation:

To calculate the real price of the TV you would have to determine the present value of the TV's price. The future price of the TV is $1,000 and your discount rate is 4% annual (the same as your bank), so the present value of the TV =

present value = future value / (1 + rate) = $1,000 / 1.04 = $961.54

3 0
3 years ago
The business arrangement in the newspaper industry in which two separately owned papers in the same city are permitted to combin
musickatia [10]

Answer: Joint operating agreement

Explanation:

 The joint operating agreement is one of the concept that helps in protecting the business or the industry from the failure that helps in governing the partnership between any two organization.

In this type of agreement any two organization are basically contributing their power and the resources for producing the effective result.

According to the given question, the newspaper industry is one of the example of joint operating agreement in which two companies are permitted for combining their business. Therefore, Joint operating agreement is the correct answer.

8 0
3 years ago
What can you do when you reach a deadlock in a negotiation?
Ivan
A: become more aggressive
3 0
1 year ago
Priscilla owns 500 shares of Deltona stock. It is January 1, 2016, and the company recently issued a statement that it will pay
kotykmax [81]

Answer:

Priscilla's homemade dividend per share be in 2017 will be $3.585

Explanation:

In order to calculate what will be Priscilla's homemade dividend per share be in 2017 we would have to use the following formula:

homemade dividend=(Dividend in 2016×(1+Required rate))+Dividend in 2017

homemade dividend=($1×(1+8.5%))+$2.50

homemade dividend=$1.085+$2.50=$3.585

Priscilla's homemade dividend per share be in 2017 will be $3.585

7 0
3 years ago
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