<span>The economic cost to society of speeding-related crashes is estimated by the nhtsa to be $40.4 billion per year. Day by day these motor vehicle crashes are increasing. To reduce this care should be taken and everyone should follow the traffic signals properly.</span>
Answer: a. $120,000
b. $6,000
c. Yes
Explanation:
a. It is said that the collection centres would help reduce the collection time by 2 days and that every day $60,000 comes in.
If the proposal will reduce the amount of time taken to collect by 2 days then that means that the amount freed up is the amount that they would have collected in two days had it not been for the system.
That amount would be,
= $60,000 * 2
= $120,000
b. If they used this free up cash to pay off a debt that was accumulating 5% per year then the 5% will be saved.
The amount saved therefore is,
= 120,000 * 5%
= $6,000
By retiring a $120,000 that was accruing $6,000 a year, the proposal has enabled that $6,000 to be saved instead.
c. The cost of implementing this proposal is $5,200 per year and yet the savings it gives in interest is $6,000.
As the savings are higher than the cost, the number definitely suggest that the project should be implemented because it is more beneficial than it costs.
Answer:
XDD aint it like "can't hold it back anymore" XDD i think it is from frozen
Explanation:
^-^ have a nice day
Answer:
selling price of this car is $22700
Explanation:
given data
zero interest = 72 months
monthly payment = $350
market interest rate = 3.5% per year = 0.2917 % per month
time = 6 year = 72 months
solution
we get here present value of annuity that is
present value annuity = ( 0.2917 % per month , 72 months )
present value annuity = 64.8568
so here selling price of car is
selling price = monthly payment × present value annuity ............1
selling price = $350 × 64.8568
selling price = $22700
so selling price of this car is $22700
