Investor is the answer. Hope this helps!
Answer:
so correct option is B) $527
Explanation:
given data
cost = $28,000
offer APR = 4.9 % =
= 0.0041
time = 60 months
finance the entire = $28,000
solution
we will apply here formula for calculate monthly payment that is
=
...........1
here r is rate that is 0.0041 and t is time that is 60 put here value we get
=
= 0.01883
so monthly payment is = 28000 × 0.01883
monthly payment is $527
so correct option is B) $527
Payback period is the length of time a project recovers back
the money invested.
Payback period= invested cash/ Net annual cash flow
Therefore payback period
=40,000/5000
=8.0 years
Since depreciation is a non- cash
expense it is ignored while calculating payback period.