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
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

You might be interested in
What goals does the international monetary fund serve today?
makvit [3.9K]

The international monetary fund is an organization that is made up of 190 countries whose goals are to build international trade, promote economic development, and reduce poverty in the world.

The International Monetary Fund is a committee of many nations that are committed to developing the economy of their nations.

  • The goal is to reduce poverty and encourage international trade among nations.

  • They assist nations whose economies are struggling with loans that can help them wade through their difficult times.

Summarily, the IMF aims to reduce poverty in the world.

Learn more about IMF here:

brainly.com/question/10346932

8 0
3 years ago
Jane is Harriet’s caregiver. If Jane convinces Harriet to change her will and leave Jane all of her possessions, the will may be
german

Answer:

Undue influence

Explanation:Undue influence is the act of making people act against their own will or interest especially when the consequence of such action has not been determined.

Undue influence puts the person who is been influenced under the mercy of the influencer as he or she acts against their own volition which may cause them to encounter stiff penalties or consequence in the future.

6 0
3 years ago
A.
Cloud [144]

Answer:llll

Explanation:

3 0
3 years ago
Select the type of operational test and evaluation that assesses crew vulnerability required by title 10 u.s.c 2366. production
Vanyuwa [196]

Answer: live fire test and evaluation

Live fire test and evaluation is a test process which assesses crew vulnerability. It is a statutory requirement (Title 10 U.S.C. § 2366) before anyone can proceed to major munitions, missile programs or covered systems.

4 0
3 years ago
Mary Smith is considering investing in 30 year Corporate Bonds issued by Duke Energy Company. She knows that she will earn an in
densk [106]

Answer:

Mary Smith is concerned about systematic risk.

Explanation:

Systematic risk refers to the ongoing risk caused by a combination of factors, including the economy, geopolitical issues, corporate health, and others.  It covers the impact on the overall market and includes systemic risks that are peculiar to an industry.  Systemic risk will only impact the market for Corporate Bonds.  But, Mary's concern shows that other factors might combine, causing her to require her money back after a year.

6 0
3 years ago
Other questions:
  • Companies in the U.S. car rental market vary greatly in terms of the size of the fleet, the number of locations, and annual reve
    8·1 answer
  • A government enters into a lease agreement for the purchase of a new snow plow. The present value of the future lease payments i
    7·1 answer
  • A wide span of management control is most likely to result in: A. overly tight supervision of employees. B. isolation of top man
    9·1 answer
  • Your grandpa doesn't trust "young 'uns" so you are set to inherit a $1,000,000 trust fund on your 50th birthday. Your Grandpa al
    12·1 answer
  • The board of directors of UT Wireless, Inc. is considering two compensation plans for the CEO of the company. The first would pa
    10·1 answer
  • When you took over as the marketing manager for clothing manufacturer Harrison, it appeared that the existing social media strat
    15·1 answer
  • 1. A metal box of weigh 20 N rests on its 1 m by 0.6m side on floor. How
    5·1 answer
  • What happen when unity is not there?​
    8·2 answers
  • If a certain household earns and spends $24,000 per year and, on the average, holds a money balance of $6,000, then the velocity
    9·1 answer
  • after a bank reconciliation is completed, journal entries are prepared for items in the balance per company's records as well as
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!