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Simora [160]
3 years ago
15

Gerritt wants to buy a car that costs $30,000. The interest rate on his loan is 5.59 percent compounded monthly and the loan is

for 7 years. What are his monthly payments
Business
1 answer:
Nina [5.8K]3 years ago
3 0

Answer:

Using the formula to calculate the monthly payment: (rate*Present Value) /(1-(1+rate)^(-period). You can use excel to do the calculations with the function: PMT(rate;period;present value)

The amount will be US$ 1,694.57.

To do the calculation you have to remind that the rate must be in the same period, that means that if the interest is in a monthly period the period must be monthly too. In this case the period have to be 84 months (which is 7 years).

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Vadim26 [7]

Answer:

The statement is inaccurate.

Explanation:

Comment on the validity of this statement. LO 3 (p. 19-9).

The statement is inaccurate. When a deficit exists in current E & P and a positive balance exists in accumulated E & P, the accounts are netted at the date of distribution. If a positive balance results, the distribution is a divide to the extent of the balance. Any loss in current E & P is deemed to accrue ratably throughout the year unless the parties can show otherwise.

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By how they work and how they are in their field

6 0
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Which of the following defenses can an alleged infringer use to prove that the patent is invalid? Group of answer choices The in
Strike441 [17]
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6 0
2 years ago
Under project planning activities, defining what leads to successful completion is a part of quizlet
marissa [1.9K]

Under project planning activities, defining what leads to successful completion is a part of <u>DURATION.</u>

Duration is the sum of the workdays, hours, or weeks necessary to finish a job. The length is determined by the resources' capability and availability. The amount of effort required to finish a task, or the actual time spent working on the project, is measured in person hours.

<h3><u>How is project duration calculated?</u></h3>
  • We must know how to estimate duration while creating a timetable. We might simply compute our projected project length by taking the number of effort hours, divided by the number of resources, assuming everyone worked eight hours each day and was completely productive throughout all eight hours.

To know more about duration in a project, check the given links.

brainly.com/question/11375376

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3 0
2 years ago
There are not enough of four goods to satisfy the wants of people. For good A, this is true when the price is $100. This is true
Elena L [17]

Answer:

d. D

Explanation:

Shortage occurs when the quantity demanded is greater than the quantity supplied while scarcity is a naturally occurring limitation in supply. For goods A, B and C, the quantity demanded at the given prices is greater than the supplied, which means that an increase in price could potentially decrease demand and eliminate the shortage. As for good D, there is not enough of it to satisfy the market at any price, which means that the good is scarce.

The answer is d. D.

8 0
3 years ago
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