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
KATRIN_1 [288]
3 years ago
8

After carefully going over your budget, you have determined you can afford to pay $922 per month toward a new sports car. You ca

ll up your local bank and find out that the going rate is 1 percent per month for 48 months. How much can you borrow
Business
1 answer:
Law Incorporation [45]3 years ago
4 0

Answer: $35,036

Explanation: We will calculate the present value of $922 for a period of 48 months, thus:

Payment (pmt) = $922

n = 48

r = 1% or 0.01

PV = pmt((1 - (1 ÷ (1+r)^n) / r)

PV = 922((1 - (1 ÷ (1 + 0.01)^48) / 0.01)

PV = 922((1 - (1 ÷ (1.01^48) / 0.01)

PV = 922((1 - (1 ÷ 1.612) / 0.01)

PV = 922((1 - 0.62) / 0.01)

PV = 922(0.38/0.01)

PV = 922(38)

PV = 35,036.

Therefore, the amount that can be borrowed is $35,036.

You might be interested in
A popular soft drink is sold in 2​-liter ​(​2000-milliliter) bottles. Because of variation in the filling​ process, bottles have
saul85 [17]

Answer:

The answer is below.

Explanation:

The z score is a used in statistics to determine by how many standard deviations the raw score is above or below the mean. The z score is given by:

z=\frac{x-\mu}{\sigma}\\\\where\ x=raw\ score, \mu=mean,\sigma=standard\ deviation\\\\For\ a\ sample\ size(n):\\\\z=\frac{x-\mu}{\sigma/\sqrt{n} }

a) Given that n = 100, μ = 2000, σ = 18

For x < 1995 millimeters:

z=\frac{x-\mu}{\sigma/\sqrt{n} }=\frac{1995-2000}{18/\sqrt{100} }  =-2.78

From the normal distribution table, P(x < 1995) = P(z < -2.78) = 0.0027

b) P(z > z*)  = 10% = 0.1

P(z < z*) = 1 - 0.1 = 0.9

z* = 1.28

z*=\frac{x-\mu}{\sigma/\sqrt{n} }\\\\1.28=\frac{x-2000}{18/\sqrt{100} }\\\\x-2000  =-2.304\\\\x=2002.3\ ml\\\\

From the normal distribution table, P(z < z

6 0
3 years ago
Raj has been reviewing copies of medical records of patients from his clinic to see if he can identify any opportunities for qua
AysviL [449]
Throwing the copies out in the garage can without shredding because he’s tired shows Raj did not follow the company’s HIPAA P&Ps about proper disposal of PHI. He could have locked those copies for later "proper" disposal. Therefore, Yes! Raj has violated company policy and HIPAA.



7 0
4 years ago
Describe the typical costs of a retiree. HURRY!!!!!! HURRY!!!!!HURRY!!!!!!!!
djverab [1.8K]
Hello there,

A typical cost of a retirement would be the following:

Perhaps the "Car of the year".

Smaller House/Smaller apartment.

Hope this helps.

~Jurgen


3 0
4 years ago
Read 2 more answers
Mark received $125,000 from an injury. If he puts his money in the bank
BaLLatris [955]

Answer:

Mark will have 125,420.81

Mark will earn interest for 420.81

Explanation:

If you start with 125,000.00 in a savings account earning a 5.5% interest rate, compounded Daily,  after 22 Days your savings account will have grown to 125,420.81 of which 125,000.00 is the total of your beginning balance plus deposits, and 420.81 is the total interest earnings.

6 0
3 years ago
Provide 8 factors that impede business ability of Africans
Sloan [31]

The factors that impede business ability of African can be liken to trade barriers experienced in African region.

Many potential entrepreneur have been discouraged from starting their enterprises because of various business impediment.

The factors that impede the business ability includes:

  • Lack of good road route to deliver goods.
  • High tax rate for local produced goods.
  • Very high rate of import duties.
  • Corruptions among officers with key position
  • Lack of support for Small & medium enterprises (SME)
  • Inaccessibility to finance for the business such as loan.
  • Unfavorable government policy or regulation on business corporation

Read more about this here

<em>brainly.com/question/2531460</em>

3 0
2 years ago
Other questions:
  • A coworker approaches you and tells you she thinks she saw a supervisor steal something. what would you do?
    9·1 answer
  • The following are budgeted data:January February March Sales in units 16,600 23,200 19,600Production in units 19,600 20,600 19,3
    14·1 answer
  • The following information relates to Conejo Corporation for last year: Book value per share $ 40 Par value per share $ 12 Divide
    8·1 answer
  • I'm bored who wants to talk for a bit? About school or whatever
    11·2 answers
  • Marci spends 15 hours researching and writing a 20​-page report for her philosophy class. Jack brags that he has a​ "streamlined
    12·1 answer
  • Donna manages the service desk and makes routine decisions related to customer refunds and merchandise returns. Donna also overs
    5·2 answers
  • National Advertising just paid a dividend of D0 = $0.75 per share, and that dividend is expected to grow at a constant rate of 6
    15·1 answer
  • During the months of January and February, Axe Corporation purchased goods from three suppliers. The sequence of events was as f
    10·1 answer
  • According to interdependency theory, the net profit or loss a person encounters in a particular interaction is known as the?
    9·1 answer
  • In the _________, the perfectly competitive firm will seek out ________________________.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!