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ella [17]
3 years ago
11

Gerritt wants to buy a car that costs $28,250. The interest rate on his loan is 5.45 percent compounded monthly and the loan is

for 5 years. What are his monthly payments
Business
1 answer:
andrew-mc [135]3 years ago
8 0

Answer:

$538.96

Explanation:

The monthly payments or installation (PMT) can be simply determine using a financial calculator as :

PV = $28,250

I = 5.45 %

P/YR = 12

N = 5 x 12 = 60

FV = $ 0

PMT = ?? ($538.96)

Therefore,

The monthly payments or installation (PMT) is $538.96

thus,

Gerritt monthly payments are $538.96.

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The sense of urgency with respect to entrepreneurship tends to increase in European countries and other places where unemploymen
klio [65]

Answer:

The answer is True

Explanation:

Yes, It is not true that the sense of urgency with respect to entrepreneurship tends to increase in European countries and other places where unemployment benefits and other social services are well established and pay high rates.

This is because:

  • Unemployment benefit is paid to people who have recently lost their job via no fault of their own.
  • An established benefits and other social services puts stringent checks in place to screen beneficiaries.

Since it is seemingly difficult to access these benefits, the best option for sustained economic power is entrepreneurship.

4 0
3 years ago
Starbucks is a global company that provides high-quality coffee products. Assume that as part of its expansion strategy, Starbuc
goldenfox [79]

No, there is not any requirement of recording when the fair value of bonds decreases to $6000000 on December 31 of the current year.

Given that Starbucks purchased bonds with $ 7 million face value at par for cash on July 1 of the current year and the bonds pay 7 percent interest the following June 30 and December 31 and mature in three years.

We are required to tell whether there is requirement of any recording when the fair value of bonds decreases to $6000000 on December 31 of the current year.

A bond is basically a debt security, similar to an IOU and borrowers issue bonds to raise money from investors willing to lend them money for a certain amount of time. When we buy a bond, we are lending to the issuer, which may be a government, municipality, or corporation.

There is not any requirement of any recording when the fair value decreases to $600000 because it is not affecting our books of accounts because in our books they are recorded at face values.

Hence there is not any requirement of recording when the fair value of bonds decreases to $6000000 on December 31 of the current year.

Learn more about bonds at brainly.com/question/25965295

#SPJ4

7 0
1 year ago
You are considering opening a new plant.
kotykmax [81]

Answer:

1. $275 million

Yes

2. 30%

Explanation:

Calculation for the NPV of the investment opportunity

NPV = –100 + 30/0.08

NPV= $275 million

Therefore the NPV will be $275 million

Yes, Based on the above Calculation they should make the investment

2. Calculation for IRR

IRR: 0 = –100 + 30/IRR

Hence,

IRR = 30/100

IRR = 30%

Therefore the IRR will be 30%

The IRR is great only in a situation where the cost of capital does not go beyond 30%.

6 0
3 years ago
hen considering whether a holder took the negotiable instrument in good faith, the court looks only at the
Ilya [14]

Answer:

Explanation:

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8 0
3 years ago
Read 2 more answers
How to write email asking for further details and paying procedure
Elanso [62]

Answer:

considering that an address is not mentioned, following is a letter in regards to payment procedure,

xxx

xxx(address),

To whoever it may concern,

Dear Sir/Madam,

I am writing this letter to you, seeking a few answers in regards to your leaflet.I recently came accross your advertisement for products.

I wanted to inquire in regard to the sauna Belt that ur offering.it was mentioned that a scale is going on till the 31st of January. could you kindly mention the suitable payment procedure for this order.

Thank you,

your sincerely,

shivangi sharma

  • hope it's helps you....
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8 0
2 years ago
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