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larisa [96]
3 years ago
13

You want to borrow $91,000 from your local bank to buy a new sailboat. You can afford to make monthly payments of $1,750, but no

more. Assuming monthly compounding, what is the highest rate you can afford on a 60-month APR loan
Business
1 answer:
mel-nik [20]3 years ago
3 0

Answer:

5.784%

Explanation:

PV = $91000

PMT = -$1750

N = 60

FV = $0

<em>Using the financial calculator to solve for I/Y</em>

Interest yield = CPT I/Y(91000, -1750, 60, 0)

Interest yield = 0.00482

Interest yield = 0.482%

Highest rate APR = 0.482%*12

Highest rate APR = 5.784%

So, assuming monthly compounding, the highest rate i can afford on a 60-month APR loan is 5.784%.

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Top Breakfast Cereal producers - company name, most current market share, signature
kondor19780726 [428]

Answer:

1. Kellogg Company - 30.1% market share - signature products: Froot Loops, Corn Flakes, Apple Jacks.

2. General Mills - 29.85% market share - signature products: Cheerios, Nature Valley, Lucky Charms.

3. Post Holdings - 18.92% market share - Honey Bunches, Fruity Pebbles.

4. Private Label - 7.48% market share - Muesli, Choco-Shells

7 0
3 years ago
A business would have a positive cash flow if revenue is ___operating expenses.
garri49 [273]

I think the most appropriate answer would be "greater"

I hope it helped you!

3 0
3 years ago
Wood Dreams makes hand crafted furniture in its retail stores. The furniture maker has recently installed a new assembly process
Sophie [7]

Answer: 204.76%

Explanation:

In the earlier scenario, furniture maker manufactured 47 (42 non defective) pieces per 5 laborers working 8 hours day.

Thus, the productivity in terms of units per labor hour is as follows:

= \frac{42}{8\times5}

= 1.05

Similarly, after the process improvement, the productivity in units per labor hour would be:

= \frac{128}{8\times5}

= 3.2

Thus change in productivity would be calculated as:

=\frac{3.2-1.05}{1.05}\times100

= 2.047 × 100

= 204.76%

Thus, the productivity of non defective parts would increase by 204.76%.

4 0
3 years ago
The coefficient of variation, calculated as the standard deviation of expected returns divided by the expected return, is a stan
SOVA2 [1]

Answer:

The correct answer is True.

Explanation:

Whenever a conflict arises within the classification of projects between the expected monetary value and the standard deviation, the coefficient of variation is used to try to solve the problem. For this reason, it is concluded that the coefficient of variation is a standardized measure of risk.

5 0
4 years ago
For its newest gaming console, Star Electronics decides to tell consumers about the product by placing a full-page advertisement
m_a_m_a [10]

The magazine ad which helps the firm to tell prospective consumers about the electronic product is as example of channel of communication in communication process.

<h3>What is a channel of communication?</h3>

This are different mediums through which a firm or sender send its  message to its intended audience.

Therefore, the magazine ad plays the role of a channel of communication because its helps to tell prospective consumers about the its electronic product

Read more about channel of communication

<em>brainly.com/question/771405</em>

8 0
2 years ago
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