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Korolek [52]
3 years ago
9

You have just purchased a car and, to fund the purchase, you borrowed $25,000. If your monthly payments are $402.18 for the next

6 years, what is the APR of the loan? A) 4.58% B) 5.67% C) 4.37% D) 5.09% E) 4.96%
Business
1 answer:
Naya [18.7K]3 years ago
4 0

Answer:

E) 4.96%

Explanation:

The computation of the APR could be determined by applying the RATE formula i.e. shown below:

Given that

PMT = $402.18

Present value = $25,000

NPER = 6 × 12 = 72

FUture value = $0

The formula is shown below:

=RATE(NPER;PMT;-PV;FV;TYPE)

After applying the above formula, the annual percentage rate of the loan is

= 0.4135%  × 12

= 4.96%

hence, the correct option is E.

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Identify the careers that require a college degree and those that require technical training.
Korvikt [17]
<h3><u>Careers that require a college degree and those that require technical training:</u></h3>

The career  that require college degrees are Engineering ,Doctor,nurse and other medical related fields .There are also some fields that does not require a specific degree and can take such careers are accountant,supply chain and logistics,sales,teaching.  

And, the career that does not require any degree but needs technical training  are dental hygienists, physical therapist and radiation,wind turbine technician , a  gamer ,plumber , Junior technician , ground keeper,security guard,web developer ,personal care and home health aide,a hairdresser,a patrol officer,an anchor or a medical assistant.

3 0
3 years ago
Indicate whether the following statement(s) applies to microeconomics or macroeconomics:
victus00 [196]

Answer:

a. The unemployment rate in the United States was 9.7 percent in March 2010 -  Macroeconomics

b. A U.S. software firm discharged 15 workers last month and transferred the work to India - Microeconomics

c. An unexpected freeze in central Florida reduced the citrus crop and caused the price of oranges to rise - Microeconomics

d. U.S. output, adjusted for inflation, decreased by 2.4 percent in 2009 - Macroeconomics

e. Last week, Wells Fargo Bank lowered its interest rate on business loans by one-half of 1 percentage point - Microeconomics

f. The consumer price index rose by 2.7 percent from December 2008 to December 2009 - Macroeconomics

3 0
3 years ago
For which capital component must you make a tax adjustment when calculating a firmâs weighted average cost of capital (WACC)?
SOVA2 [1]

Answer:

a. Debt

Explanation:

For determining the weighted average cost of capital we used the after tax cost of debt as the interest expense is the tax deductible that represents that if there is any issue of debt so it would be decreased as of tax impact

Therefore as per the given situation, the debt is selected

hence, the option a is correct

And, all the other options are wrong

4 0
2 years ago
The PPP theory fails in reality for all of the following reasons EXCEPT Group of answer choices monopolistic or oligopolistic pr
kap26 [50]

Answer:

inflation rates are unrelated to money supply growth.

Explanation:

purchasing power parity which is regarded as (PPP) is a macroeconomic analysis metric which gives comparison between economic productivity aas well as standards of living existing between countries. It can be regarded as economic theory which gives comparison of currencies of different countries using an approach of "basket of goods". The PPP theory can hold in reality for instance, when inflation rates are unrelated to money supply growth.

EXCEPT Group of answer choices monopolistic or oligopolistic practices in goods markets. restrictions on trade. the inflation data reported in different countries are based on different commodity baskets.

8 0
2 years ago
Late in the day on September 11, 2001, the day of the World Trade Center attacks, Americans purchased all the American flags Wal
Musya8 [376]

Answer:

b. country culture

Explanation:

These are options for the question

a. generational cohort characteristics.

b. country culture.

c. a red/blue marketing campaign.

d. the Walmart Effect.

e. regional culture.

b. country culture.

From the question we are informed about Late in the day on September 11, 2001, the day of the World Trade Center attacks, Americans purchased all the American flags Walmart stores had available, nationwide. In this case These purchases were indicative of country culture. Country Cultures are things that make one countries different from each other in term of cultural activities as well as cultural rituals these could be materials, belief as well as values

7 0
2 years ago
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