A. assessed value of the home
I hope this helps
Answer:
Explanation:
Ursula needs $19,000 or in other words FV (Future value)
She has savings of $2000 and trade in of $800 or in other words she has $2800. She needs to borrow $16200 (19000-2800)
Also, she wants monthly payment to be $282. To find which answer fits best, let's check each of them.
A) APR =78% or mothly rate of 78/12 = 6.5%; 48 months
Using financial calculator:
Rate = 6.5%
n = 48
PV = $16200
Find PMT? PMT = 11068
This is not the right answer
B) APR = 78%, monthly rate=6.5%
n = 60
PV = $16200
Find PMT? PMT = 1077.6
This is not the right answer
C) APR = 7.8%; monthly 0.65%
n =72
PV = $16200
Find PMT? PMT = 282.4
This is the correct option
Answer is - C
I believe the answer would be D
2. It engages in business activities from which it may earn revenues and incur expenses.
