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bija089 [108]
3 years ago
9

You want to buy a new sports car from Muscle Motors for $68,500. The contract is in the form of a 60-month annuity due at an APR

of 4.5 percent. What will your monthly payment be
Business
1 answer:
vredina [299]3 years ago
5 0

Answer:

Monthly payment= $1,277.05

Explanation:

<u>First, we need to calculate the future value of the loan:</u>

FV= PV*(1+i)^n

i= 0.045/12= 0.00375

n= 60

FV= 68,500*(1.00375^60)

FV= $85,748.01

<u>Now, we can determine the monthly payment (PMT). The PMT is given by the equation</u>

<u />

PMT= (FV*i)/{[(1+i)^n]-1

PMT= (85,748.01*0.00375) / [(1.00375^60) - 1]

PMT= $1,277.05

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Answer:

Correct option is (b)

Explanation:

Regulatory agencies are authoritative bodies established by the Government to establish, implement and supervise the standards to be followed to carry out certain activities or actions. Different fields or areas have respective regulatory agencies that oversee the activities of those establishments.

SEC or securities exchange commission is a regulatory agency established to supervise the securities market, thereby protecting investors from frauds and other malpractices.

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Who is in Kohlberg's conventional level of moral reasoning? a. Linda, whose moral reasoning is based on the approval of other pe
stepan [7]

Answer:

Option A is the correct answer - Linda, whose moral reasoning is based on the approval of other people

Explanation:

In stage three of Kohlberg's theory of moral development, the individual (such as Linda, mentioned in the question) set out to do the things that are considered “right” because it is good, not only for the family, but also for the school, church or peer group.

This stage, often known as the "good boy/good girl" stage, has morality, often spelt out as acting in conformity to what the social group general requires to be right and moral.

7 0
3 years ago
Externalities exist when the actions of one agent Question 9 options:
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5 0
4 years ago
The equivalent annual cost method is most useful in determining: Group of answer choices the annual operating cost of an idle ma
jok3333 [9.3K]

Answer:

which one of two machines to acquire given equal machine lives but unequal machine costs.

Explanation:

equivalent annual cost (EAC) is used in determining which investment to make when the investments have different life spans.

When investments have different life spans, the net present value(NPV)  cannot be used in making decisions on investment.

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