1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
deff fn [24]
3 years ago
12

You want to buy a car, and a local bank will lend you $25,000. The loan will be fully amortized over 5 years (60 months), and th

e nominal interest rate will be 10% with interest paid monthly. What will be the monthly loan payment
Business
1 answer:
egoroff_w [7]3 years ago
5 0

Answer:

The monthly loan payment is:

= $531.18

Explanation:

a) Data and Calculations:

Cost of a car financed by a local bank = $25,000

Period of loan = 5 years (60 months)

Interest rate = 10%

The monthly loan payment is calculated from an online financial calculator:

Auto Price  25000

Loan Term  60 months

Interest Rate  10

Down Payment  0

Monthly Pay:   $531.18

Total Loan Amount $25,000.00

Upfront Payment $0.00

Total of 60 Loan Payments  

$31,870.57

Total Loan Interest $6,870.57

Total Cost (price, interest, tax, fees) $31,870.57

You might be interested in
Domestic producers experience limited import competition when a VER is in place. As a result, these producers make extra profit
GuDViN [60]

Answer:

Quota rent

Explanation:

When voluntary export restraints (VER) are set up and / or import quotas are enforced, the extra profit that domestic producers make because the supply is artificially limited is called quota rent. Quota rents are a type of economic inefficiency since they produce more losses than benefits. Society as a whole generally losses while a group of favored companies make huge profits.

For example, sugar imports are limited in the US, so domestic sugar producers are able to sell sugar at much higher prices than regular international prices. That artificial extra profit earned by sugar companies in the US can be classified as quota rent.

8 0
3 years ago
The risk premium (hence expected return) of a security is determined by its ________ risk and does not depend on its ___________
Rzqust [24]

Answer:

systematic risk ,diversifiable risk

Explanation:

risk premium is the investment return demanded by an investor for buying a risky assets that an investment is anticipated to deliver it reward to those who are willing to take higher risk than investors who prefer risk free investment.

systematic risk when economic treds influence assets and the market in similr way than investment risk for similr assets are corellated Systematic risk cannot be diversified away. Non-systematic risk, or the risk unique to each individual security, meanwhile, can be mitigated through diversification.

conclusion: both the sytematic and nom systematic risk are the influencing factor of the risk premium while sytematic risk is not influenced by market but diversfiable risk are influenced by market .

brainly.com/question/14055202?utm_source=android&utm_medium=share&utm_campaign=question

#spj4

7 0
1 year ago
Statement of Cash Flows Paige's Properties Inc. reported 2018 net income of $1.90 million and depreciation of $259,000. Paige's
SCORPION-xisa [38]

Answer:

See calculations below

Explanation:

With regards to the above we'll simply add back the given depreciation to the net profit for 2018

= Net income $1,090,000 + depreciation

$290,000

= $1,358,000

Cash flow for 201 is $1,358,000

5 0
3 years ago
Harry forms the Nectarine Corporation during the 2019 tax year. To form the corporation, Harry transfers assets having a fair ma
Maksim231197 [3]

Answer:

150000

Explanation:

The question says that Harry received a fair market value = 450000 dollars

Meanwhile he transferred 650000 dollars of assets

Fair value of assets = 650000 - 200000 = 450000

Harry's adjusted basis = 350000

Therefore the share received will be:

350,000 - 200,000

= 150,000 dollars.

Harry's basis in the stock received from the corporation is $150,000.

Thank you!

5 0
3 years ago
If new york city imposed a 50 cent tax on soft-drink beverages that contain sugar or high-fructose corn syrup, it would:_____.
Serjik [45]

If new york city imposed a 50 cent tax on soft-drink beverages that contain sugar or high-fructose corn syrup, it would decrease the demand of the soft-drink beverages.

Given that new york city imposed a 50 cent tax on soft-drink beverages that contain sugar or high-fructose corn syrup.

We are required to find the effect of 50% tax on soft-drink beverages that contain sugar or high-fructose corn syrup.

When 50% tax is imposed on soft-drink beverages then it will increase the price of soft drink beverages, which will decrease the demand of soft drink beverages because now the drink become costly for the customers to buy.

Suppose the initial price of 1 soft drink is $100.

Now tax is applied so tax would be 100*50%=50

Price after tax=100+50

=$150

Now consumers have to pay $150 for 1 drink in place of $100.

Hence if new york city imposed a 50 percent tax on soft-drink beverages that contain sugar or high-fructose corn syrup, it would decrease the demand of the soft-drink beverages.

Learn more about tax at brainly.com/question/25783927

#SPJ4

7 0
2 years ago
Other questions:
  • General motors’ stand against apartheid in south africa was based upon what came to be known as _____. the human rights moveme
    5·1 answer
  • Opportunity cost refers to:
    6·1 answer
  • When applying the diversification analysis technique, market development refers to the marketing strategy of?
    15·1 answer
  • Montana Mining Co. pays $3,721,000 for an ore deposit containing 1,525,000 tons. The company installs machinery in the mine cost
    14·1 answer
  • Financial crisesA) are major disruptions in financial markets that are characterized by sharp declines in asset prices and the f
    6·1 answer
  • Imperial Jewelers manufactures and sells a gold bracelet for $403.00. The company’s accounting system says that the unit product
    9·1 answer
  • Fabtabtix, a designer clothing brand, has been selling clothes in the country of Grolania for over 30 years. With more number of
    10·1 answer
  • Which of the following groups does not sponsor apprenticeship programs?
    10·1 answer
  • 3. ¿cual es la factorización prima del 38​
    13·1 answer
  • Kế toán công ty nên sử dụng mô hình tổ chức bộ máy kế toán như thế nào để phù hợp với tình huống sau đây:
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!