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3 years ago

Help!!

Business

1 answer:

11Alexandr11 [23.1K]3 years ago

4 0

Answer:

-Checking accounts almost never generate interest.

-It's much easier to spend money from a checking account.

have a nice day!

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Currently, you owe the bank $9,800 for a car loan. The loan has an interest rate of 7.75 percent and monthly payments of $310. Y

Ostrovityanka [42]

Answer:

It will extend the loan for 15.83 months = 16 more months.

Explanation:

We need to calcualte the difference in time between one option and another:

Original Loan:

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C $310.00

time n

rate 0.0064583 (0.0775annual rate / 12 month per year)

PV $9,800

$310 \times \frac{1-(1+0.0064583)^{-n} }{0.0064583} = 9800\\$

We rearrenge and solve as much as we can:

$(1+0.0064583)^{-n}= 1-\frac{9800\times0.0064583}{310}$

$(1+0.0064583)^{-n} = 0.79583439$

Now, we solve using logarithmics properties:

$-n= \frac{log0.795834387096774}{log(1+0.0064583)}$

35.47385568

Now we calcualte with the new terms:

C $225.00

$225 \times \frac{1-(1+0.0064583)^{-n} }{0.0064583} = 9800\\$

$(1+0.0064583)^{-n}= 1-\frac{9800\times0.0064583}{225}$

$(1+0.0064583)^{-n}= 0.71870516$

$-n= \frac{log0.718705155555555}{log(1+0.0064583)}$

51.30909653

Last step, we solve for the difference:

51.30 - 35.47 = 15.83 = 16 more months

7 0

3 years ago

You read an article in a news magazine that explains how the economy expanded for several years, and then went into a period of

mart [117]

The best and most correct answer among the choices provided by the first question is the third choice or letter C "the business cycle."

On the other hand, the best and most correct answer among the choices provided by the second question is the first choice or letter A " The price goes up. "<span>
</span>I hope my answer has come to your help. Thank you for posting your question here in Brainly. We hope to answer more of your questions and inquiries soon. Have a nice day ahead!

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3 years ago

Economic agents who borrow funds are known as debtors , the funds that they borrow are referred to as credit , and this activi

Alja [10]

Answer: Loan-able funds market

Explanation:

The loan-able funds market is one of the type of economics based market that helps in determining the various types of supply an the demand loan- able funds in the market.

The borrowing an the crediting are the process that comes under the loan-able funds market activities. In this process, the people are borrowing the funds for the investment purpose instead of using in the personal consumption.

Therefore, Loan-able funds market is the correct answer.

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2 years ago

3. Who was the first customer of mcdonald's and what was ordered?

valentinak56 [21]

Answer:

The main McDonald's eatery was begun in 1948 by siblings Maurice ("Mac") and Richard McDonald in San Bernardino, California. They purchased machines for their little cheeseburger eatery from sales rep Ray Kroc, who was fascinated by their requirement for eight malt and shake blenders.

Explanation:

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If you show the audience the impact of brain injuries in child athletes and then tell how to improve the situation, you are usin

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3 years ago