Answer:
$21,080.2
Explanation:
The price of the car will be the down-payment plus the future value of 375 paid each month for 5 years compounded monthly at 9.72%.
The formula for calculating future value is
PV = P × 1 − (1+r)−n
r
PV is $350
r is 9.72 % or 0.0972 % per year or 0.0081
t is five year or 60 months
FV = 350 x (1-(1+0.0081)-60
0.0081
Fv =350 x 1-0.61628715419
0.0081
FV =350 x( 0.38371284581/0.00810
FV =350 x 47.371956
FV =16,580.20
The value of the car = $4500 + 16,580.20
=$21,080.2
Answer:
a. Project Low because its expected rate of return is higher than its WACC
Explanation:
Weighted Average Cost of Capital WACC determines firms cost of capital. It includes all sources of finance which are included in firm capital structure. The expected rate of return is the rate at which a project is able to generate return or benefits. For any project to be beneficial, its expected return should be higher than its WACC. We will select project Low because its expected rate of return is higher than its WACC.
Marketing links producers to customers.
That is the answerzb
Answer:
Hmm.
Explanation:
<em>Problems making ends meet</em>
<em>Accumulating too much debt. </em>
<em>Making poor purchasing and investing decisions. </em>
<em>Being unable to enjoy money.</em>
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<em>(Source; USATODAY.com)</em>
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