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n200080 [17]
2 years ago
13

Kevin has just finished paying off his loan. He was assessed a service charge of $422. He paid off the principal and the interes

t by making weekly payments of $36.13 for four years. If the principal was $7,150, how much did Kevin pay in finance charges, to the nearest dollar?
Business
2 answers:
ahrayia [7]2 years ago
4 0

For E2020 the choices are a.  $498 b.  $365  c.  $422  d. $787 and the correct answer is d. $787

jolli1 [7]2 years ago
4 0

Answer:

<h2>$787.04</h2>

Explanation:

If Kevin paid $36.13 per week for 4 years, then he paid: $36.13 x 52 weeks x 4 years = $7515.04.

So, he was assessed a service charge of $422. Therefore, $7515.04 + $422 = $7937.04; this is the total amount he paid.

To calculate the finance charges we subtract: $7937.04 - $7150 = $787.04.

Therefore, he had $787.04 from finance charges.

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The ________ is a form of business organization that is rapidly gaining popularity in the United States. The concept originated
zvonat [6]

Answer:

Limited liability company

Explanation:

A limited liability company (LLC) is an hybrid entity United States in which the characteristics of corporations and partnerships are combines. In this strategy owners are not personally liable for the firm's debts.

I hope you find this information useful and interesting! Good luck!

6 0
3 years ago
The ________, published by the Department of Labor, lists more than 20,000 job titles and descriptions and serves as a useful to
matrenka [14]

Answer:

Dictionary of Occupational Titles

Explanation:

The answer is the Dictionary of Occupational Titles because this is a document created by the United States Department of Labor in which it establishes a big amount of different jobs in many areas and what they involve to help employers and the government to be able to define them in their organizations.

6 0
2 years ago
The Daily Grind sells coffee makers. Its inventory of coffee makers without timers cost $20,000 and is now valued at $10,000. It
zysi [14]
Daily grinds inventory value = coffee maker with timer value x n units + coffee maker without timer in x  n units

where:
coffee maker with timer value = $35000 
coffee maker without timer = $10000 
n= 5 units each

Daily grinds coffee maker inventory value = ($35000 x 5)+( $10000 x 5)
                                                                   = $225000


5 0
3 years ago
Which of the following accurately describes
Setler [38]

Answer:

What accurately describes Shareholder's Equity is all of the above, because it's all just simplified/different terms for investment in one another company's business :3

Explanation:

:3

6 0
2 years ago
Which of the following is NOT a common feature of a
Lyrx [107]

Answer:

Investment trading

Explanation:

Financial institutions' core business is to sell loans. They accept deposits from customers and use those deposits to create loans to firms and individuals. Financial institutions are intermediaries of credit; they connect the demand and the suppliers of credit. Direct deposits are a way of depositing money while ATM's and debits card gives customers access to their deposits.

Investment trading is a service offered by stock exchange markets through stockbrokers and investment banks.

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6 0
2 years ago
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