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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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Sean, age 37, wants to maximize his 2021 Roth IRA contribution and purchase as much Beyond Meat stock as possible. If BYND stock
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Answer and Explanation:

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(Being sales is recorded)

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(Being cost of goods sold is recorded)

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         To Accounts Receivable $40

(being sales return is recorded)

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(Being cost return is recorded)

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(Being the sales is recorded)

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5 0
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