In order to buy a car worth $25,000 a monthly payment of $622.12 is required.
Mortgages are one type of loan that frequently has a structure that calls for a stream of identical monthly payments. The lender can assess whether the customer's budget can support equal monthly payments by doing so.
Suppose the monthly payment is M.
With 9 percent APR, the effective monthly rate is 9%/12 = 0.75%.
There will be 12 x 4 years, or 48 monthly payments.
The face value of the loan must be equal to the present value of these monthly payments, or
which yields M = 622.12.
If you only paid interest, the monthly payment would be calculated as follows: principal * monthly interest rate (9% /12) = 25,000*0.75% = 187.5.
The results would be that after five years, you would still owe the whole amount of $25,000 and would have to pay $11,250 in interest.
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Answer:
B. Implied warranty of fitness
Explanation:
An implied warranty of fitness for an specific purpose refers to the fact that if the seller of a product knows that the product will be used for an specific purpose and that the buyer is purchasing that product for that using it that way, then an implied warranty of fitness is formed. In this case, the seller knew that Palmer was going to carry 5,000 pounds in the truck and therefore, by offering a certain truck to Palmer, an implied warranty of fitness was formed stating that the truck could carry that load.
Answer: Horizontal segmentation try's to understand what customers want and then to deliver it.
Answer:
The best evaluation for Kenton's research is C) Poor; he has only researched the monetary costs of the career.
Explanation:
Besides monetary costs to him (which was not all that comprehensive as it didn't include training tools, books, etc) there are also non-monetary costs such as time, hard work, and all the other things he must forego while he is focused on becoming a make-up artist.
The career also comes with its perks and advantages. Kenton's work would have been comprehensive if he researched the benefits as well as the risks, and regulatory requirements where there are any.
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Yes, how many peoples luggage they can manage to loose and still be in buisness
