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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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A net exports deficit will become a surplus if?
meriva

A net exports deficit will become a surplus if <u>the </u><u>government </u><u>budget deficit is turned into a surplus and the private sector has a surplus</u>

<u />

An item or resource that has more than is currently being used is said to have a surplus. A surplus can relate to a wide range of things, including money, goods, capital, and profits. A surplus in the context of inventories refers to items that are still on store shelves but have not yet been purchased.

A surplus in a fiscal sense happens when income is greater than outlays. Governments may also have a budget surplus if there are any tax revenues left over after all expenditures for government programmes have been paid in full.

To know more about surplus

brainly.com/question/15878630

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5 0
1 year ago
Why would a Roth 401(k) investment plan allow you to invest the most amount of money?
ycow [4]

Answer:

401k

Explanation:

investment plan allow you to invest the most amount of money? ... A Roth 401(k) plan takes money after tax has been removed from gross income, and has a contribution limit, but withdrawal is tax free. A Roth Individual Retirement Account allows you to draw a fixed amount that is not taxed.

3 0
3 years ago
Dell, microsoft, and unisys corporation created a partnership to design a voting system for several u.s. states. this is an exam
sdas [7]
<span>This is an example of "Virtual organization".

A virtual organization is an association including disengaged and disseminated entities varying from representatives to whole enterprises, and requiring data innovation to help their work and correspondence. Virtual organizations don't represent an association's attribute yet can be considered as an alternate organizational form.
</span>
6 0
3 years ago
(-2a+5)(3a+4)<br><img src="https://tex.z-dn.net/?f=%28%20-%202a%20%2B%205%29%283a%20%2B%204%29" id="TexFormula1" title="( - 2a +
vichka [17]
Simplifying
(2a + 5)(3a + -4) = 0

Reorder the terms:
(5 + 2a)(3a + -4) = 0

Reorder the terms:
(5 + 2a)(-4 + 3a) = 0

Multiply (5 + 2a) * (-4 + 3a)
(5(-4 + 3a) + 2a * (-4 + 3a)) = 0
((-4 * 5 + 3a * 5) + 2a * (-4 + 3a)) = 0
((-20 + 15a) + 2a * (-4 + 3a)) = 0
(-20 + 15a + (-4 * 2a + 3a * 2a)) = 0
(-20 + 15a + (-8a + 6a2)) = 0

Combine like terms: 15a + -8a = 7a
(-20 + 7a + 6a2) = 0

Solving
-20 + 7a + 6a2 = 0

Solving for variable 'a'.

Factor a trinomial.
(-5 + -2a)(4 + -3a) = 0

Subproblem 1
Set the factor '(-5 + -2a)' equal to zero and attempt to solve:

Simplifying
-5 + -2a = 0

Solving
-5 + -2a = 0

Move all terms containing a to the left, all other terms to the right.

Add '5' to each side of the equation.
-5 + 5 + -2a = 0 + 5

Combine like terms: -5 + 5 = 0
0 + -2a = 0 + 5
-2a = 0 + 5

Combine like terms: 0 + 5 = 5
-2a = 5

Divide each side by '-2'.
a = -2.5

Simplifying
a = -2.5
Subproblem 2
Set the factor '(4 + -3a)' equal to zero and attempt to solve:

Simplifying
4 + -3a = 0

Solving
4 + -3a = 0

Move all terms containing a to the left, all other terms to the right.

Add '-4' to each side of the equation.
4 + -4 + -3a = 0 + -4

Combine like terms: 4 + -4 = 0
0 + -3a = 0 + -4
-3a = 0 + -4

Combine like terms: 0 + -4 = -4
-3a = -4

Divide each side by '-3'.
a = 1.333333333

Simplifying
a = 1.333333333
Solution
a = {-2.5, 1.333333333}
6 0
3 years ago
The premium on a put option on the market index with an exercise price of 1050 is $9.30 when originally purchased. At expiration
lianna [129]

Answer:

The put payoff = $1,072 - $1,050 = $22  per share

Explanation:

The put payoff is simply the difference between the spot price and the exercise price.

To determine the real profit obtained in this transaction we would need to know the investor's return rate. One of the basic pillars in finance it that $1 today is worth more than $1 tomorrow. We need a return rate to adjust the premium paid, for example if the return rate = 6%, then the premium would have been $9.30 x (1 + 6%/12)² = $9.30 x 1.005² = $9.39

profit = number of shares x (put payoff - adjusted premium)

5 0
3 years ago
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