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Korolek [52]
3 years ago
10

You are borrowing money to buy a car. If you can make payments of $320 per month starting one month from now at an interest rate

of 12%, how much will you be able to borrow for the car today if you finance the amount over 4 years
Business
1 answer:
Lilit [14]3 years ago
7 0

Answer:

the present value is $12,151.67

Explanation:

The computation of the amount that should be borrowed today i.e. present value is shown below:

Given that

PMT = $320

Rate of interest = 12 ÷ 12% = 1%

NPER = 4 × 12 = 48

FV = $0

The formula is shown below

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

After applying the above formula, the present value is $12,151.67

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Juliette [100K]

Answer:

the debit entry to Interest Expense is $463,145.52

Explanation:

The computation of the debit entry to Interest Expense is given below:

= Bonds carrying value × Market rate of interest

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= $463,145.52

Hence, the debit entry to Interest Expense is $463,145.52

We simply applied the above formula and the same is to be considered

6 0
3 years ago
Gravity location models in supply chain meaning ?
Andru [333]

Answer:

Gravity models are used to find location that minimizes the cost of transporting raw material from the supplier and finished goods to the markets served. This model also assumes that the transportation cost grows linearly with the quantity shipped.

Explanation:

hope it will helpful

good morning ❤️

4 0
3 years ago
After you have put a marketing plan in place,it is importantly to do what
statuscvo [17]
I found the options online. it would be to monitor the results
3 0
3 years ago
HELP!!!
Anarel [89]

Answer:

About 250 ; 2000 bicycles

Explanation:

Opportunity cost simply means the loss incurred on a certain option when the alternative opruoonos chosen.

The opportunity cost of increasing shoe production from 10,000 to 20,000 pairs

The value of 20,000 (x axis) on the y axis is about 3750

Value of point A in the y - axis = 4000

Hence opportunity cost = (4000 - 3750) = 250 bicycles

B.)

The opportunity cost of increasing shoe production from 50,000 to 60,000 pairs

The value of 60,000 (x axis) on the y axis is about 0

Value of point B in the y - axis = 2000

Hence opportunity cost = (2000 - 0) = 2000 bicycles

3 0
3 years ago
Select the statement that is true regarding pricing and competitors’ prices. a. Information about competitors’ prices is easily
vampirchik [111]

Answer: Marketers need demand-based price information in industries dominated by price competition.

Explanation: In a competitive market, marketers need to study the price of other marketers in the market. This would enable the marketers to know how to adjust their prices to attract customers to their products.

A competitive market is one which is controlled by the forces of demand and supply.

7 0
3 years ago
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