1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kogti [31]
3 years ago
12

You take out an installment loan to purchase a fishing boat costing $3,900. You make a down payment of $1,000 and finance the ba

lance by making monthly payments of $100.53 for 36 months. Use the APR formula to find the APR.
Business
1 answer:
Mazyrski [523]3 years ago
6 0
APR formula = (Finance charges/total balance) x 365

Purchase price = $3,900
Downpayment = $1,000
Total financed = $2,900
Payments (36m) = $100.53
Total amount = $3,619.08

APR formula = (Finance charges/total balance) x 365
APR = ($3619.08/2900) x 365
APR = 4.5%
You might be interested in
Adham is interested to buy a pair of shoes, at Lazzado.com as follows:
nlexa [21]
I think it could either be the first or third option, but I thinking the correct one should be the first option. Hope this helped :)
7 0
3 years ago
Severance pay plans grant employees weekly benefits in addition to state unemployment compensation. True
Yanka [14]

Answer:

False

Explanation:

In simple words, Severance pay can be understood as a salary and/or incentives given to an individual by a company after the job is over. In order to help an individual obtain a new job, severance arrangements can include additional rewards, such as life care and observer ship support.

Thus, the weekly benefits are not included in this and the above statement is incorrect.

4 0
3 years ago
In the joint planning process, ____________ saves times by allowing planning activities to begin in advance of a formal decision
Novosadov [1.4K]

In the joint planning process, A Planning Order (PLANORD) <span>is a planning directive providing essential planning guidance and directs the initiation of plan development before the directing authority approves a military COA. It saves times by allowing planning activities to begin in advance of a formal decision.</span>

 

 

 






6 0
3 years ago
Read 2 more answers
A 30-second radio spot for Louies sporting goods cost $650.If the spot is run three times a day for one week, how much will Loui
lisabon 2012 [21]

Answer:

The total amount that Louies spends on advertising=$13,650

Explanation:

To calculate the total amount Louies sporting goods spends on advertising, we express the total expenditure as follows;

Total expenditure=Cost per day×number of days

Cost per day=cost per spot×number of spots in a day

Cost per day=(650×3)=$1,950

Number of days in a week=7 days

replacing;

Total expenditure=Cost per day×number of days

Total expenditure=(1,950×7)

Total expenditure=$13,650

The total amount that Louies spends on advertising=$13,650

5 0
3 years ago
5 reasons why hollandaise sauce might separate
Gnesinka [82]
Here is the answer: Too much oil added for amount of continuous phase (liquid)• Over-mixed• Product became too hot<span>• Not enough stabilizer in recipe</span>
8 0
3 years ago
Other questions:
  • The amount of space between centers of adjacent pixels is called __________.
    9·1 answer
  • Hamrick Industries makes and sells two products. The demand for both products is unlimited. Product A has a contribution margin
    8·2 answers
  • How can social media endanger the safety of military service members and journalists?
    5·1 answer
  • Consumers sell goods or services for a profit.<br> O True<br> o flase
    13·2 answers
  • Vist the Web site for a different well-known company, and find the section that lists the
    9·1 answer
  • Inventory at the end of the year was inadvertently overstated. Which of the following statements correctly states the effect of
    10·1 answer
  • You can also improve your messages through stylistic emphasis in sentence structure and word choice. Which of the following styl
    11·1 answer
  • What role should government play in a free market economy?
    8·2 answers
  • Which of the folloiwng is an example of direct finance?
    9·1 answer
  • Among the major channels of management communications, _____ is the predominant method of communicating
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!