Answer:
Douglas can afford 21697.88 to borrow to purchase a car.
Explanation:
As the formula for calculating present value is given as:
PV = PMT * ( (1-(1+r)^-n) / r )
As Douglas can afford 240$ a month for five years for a car loan so
it means that payment = 240
$
As the APR is 8.5% which means after dividing by 12 the rate per month = 8.5%/12
Total number of Months = 5*12
Total number of Months = 60
Putting these values into the above formula, we get
PV = PMT * ( (1-(1+r)^-n) / r )
PV = 240 * ( (1-(1+8.5%/12)^-60) / (8.5%/12) )
PV = 11697.88
As the down payment = 10,000 so the total value of car
= 11697.88+10000
= 21697.88
Douglas can afford 21697.88 to borrow to purchase a car.
It is estimated the national cost of overweight and obesity combined each year is <u>113 billion dollars</u>
<u></u>
<h3>What are Obesity and overweight?</h3>
According to the definition of obesity and overweight in the United States, these conditions are characterized by an increase in the size and number of fat cells in the body. Many things contribute to becoming overweight or obese, including habits including eating habits, lack of sleep or exercise, some medications, genetics, and family history.
Obesity is a long-term medical condition that increases the risk of heart disease, the number one killer in the US, and is associated with a wide range of other health issues, for example type 2 diabetes and cancer.
In the US, about a third of adults (20 and older) are either overweight or obese. Between the ages of 2 and 19, over 1 in 5 kids and teens are obese.
Learn more about obesity
brainly.com/question/1646944
#SPJ4
Let understand that "short-term investment" are investments that can be easily converted to cash and has a maturity period of less than a year. Example of this investment are Money Market.
"Long term investment" are investment that runs over a long period of time and yield higher return than the short-term investment". Example of these investment are stocks, bonds, real estate
- People invest in "Long term investment" because its offers more risk for higher rewards.
In conclusion, long-term investment has a greater return because it has greater risk.
Learn more about this here
<em>brainly.com/question/17681451</em>
<span>The nervous system uses
Gamma-Amino Butyric acid (GABA) as a neurotransmitter in the central nervous
system. The use of several depressants increases the transmission of GABA that
may cause the nervous system to slow down. The reaction of the body to several
depressants is also unpredictable which makes it more dangerous.</span>
Answer:
D) deduction from the balance per bank statement
Explanation:
A bank reconciliation statement is a document that matches the cash balance on a company’s balance sheet to the corresponding amount on its bank statement. Reconciling the two accounts helps determine if accounting changes are needed. Bank reconciliations are completed at regular intervals to ensure that the company’s cash records are correct. They also help detect fraud and any cash manipulations.
