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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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8 0
3 years ago
An analyst with a leading investment bank tracks the stock of Mandalays Inc. According to her estimates, the value of Mandalays
den301095 [7]

Answer:

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3 years ago
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True

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Off-the-shelf accounting software may not be consistent with these circumstances rendering it cumbersome or unsuitable.

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An example of a difficult work decision would be: a. Deciding to finish a task before taking a break b. Deciding to fill the pap
Angelina_Jolie [31]

Answer:

c

Explanation:

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The most common service provided by a real estate agent when selling your home is
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