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pishuonlain [190]
3 years ago
5

ing using a calculator​) Jesse Pinkman is thinking about trading cars. He estimates he will still have to borrow ​$ to pay for h

is new car. How large will​ Jesse's monthly car loan payment be if he can get a ​-year ​( equal monthly​ payments) car loan from the​ university's credit union at an APR of percent compounded​ monthly?
Business
1 answer:
Effectus [21]3 years ago
4 0

Answer:

Monthly car loan payment = $414 (Approx.)

Explanation:

Missing information;

Amount borrow = $29,000

NUmber of payment = 7 year x 12 = 84

Rate = 5.3% yearly = 0.053 / 12 monthly

Find:

Monthly car loan payment

Computation:

PV = $29,000

N = 84

r = 0.053/12

FV = 0  

PV = (PMT/r)[1 – 1/(1 + r)ⁿ] + FV/(1 + r)ⁿ  

29,000 = [PMT/(0.053/12)][1 – 1/(1 + 0.053/12)^84] + 0  

PMT = 413.98

Monthly car loan payment = $414 (Approx.)

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Answer: a. The merged firm will operate at higher capacity and may be able to reduce costs through economies of scale and perhaps learning-by-doing, which will benefit U.S. consumers.

Explanation:

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The plausible reasons for the limited impact of the merger will be because the merger will lead to the operation at a higher capacity which will ensure that there's cost reduction through economies of scale which will be beneficial to the consumers.

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3 years ago
The following costs were incurred in September:
aleksley [76]

Answer:

Option (d) is correct.

Explanation:

Given that,

Direct materials = $44,200

Direct labor = $31,800

Manufacturing overhead = $25,200

Selling expenses = $22,100

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Conversion cost:

= Direct labor + Manufacturing overhead

= $31,800 +$25,200

= $57,000

Therefore, the conversion costs during the month totaled $57,000.

5 0
4 years ago
Corner offices in high-rise office buildings usually cost more to rent than other offices. this best illustrates the economic pr
brilliants [131]

I guess the correct answer is scarce resources.

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4 0
3 years ago
38. Money is an imperfect store of value when a. the rate of inflation is high. b. the unemployment rate is high. c. gold prices
Helen [10]

Answer:

a. the rate of inflation is high

Explanation:

When the inflation rate is high money loses its value because inflation rates decrease people's purchasing power which means that because of inflation they will be able to buy less goods and services with the same amount of money because goods and services cost more. For example if Person A has a million dollars and he can buy 5 houses from that in 2015, if Person A keeps his money in a bank as a store of value and there is 20% inflation it means that  now 5 houses will cost 20% more (1.2*1 million) = 1.2 million. And Person A has now lost value as he will not be able to buy the same amount of houses with the same amount of money because of inflation.

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Answer:

c. Drill Down

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Drill Down -

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It is also known as data drilling .

The method is adapted in many fields to arrange the data in a convenient manner .

Hence , from the given scenario of the question ,

Jerry is using Drill Down .

4 0
3 years ago
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