9514 1404 393
Answer:
- $304
- $91.83
Step-by-step explanation:
1. The finance charge is found from the simple interest formula;
I = Prt
where P is the principal amount, r is the annual rate, and t is the number of years.
24 months is 2 years, so the interest charged is ...
I = $1900×0.08×2 = $304
The finance charge is $304.
__
2. The monthly payment will be the total amount due, divided by the number of months.
payment = ($1900 +304)/24 = $2204/24 ≈ $91.83
The monthly payment is $91.83.
(57/19)*65=195
is the answer.
Answer:
80.796,64
Step-by-step explanation:
Answer:
number 2
Step-by-step explanation:
<span>1.
The current ratio (assets/liabilities) of company X is 3.1. Given that
the current assets are $186000, find the current liabilities:
Assets = A
Liabilities = L
A / L = 3.1 => L = A / 3.1
A = 186000 => L = 18600 / 3.1 = 6000
Answer: $ 6000
2. The board of directors determines that the current ratio must never
be below 2.6. What is the maximum amount that the company can borrow?
A/L ≥ 2.6
=> L ≤ A / 2.6
=> L ≤ 186000 / 2.6
L ≤ 71538.46
Answer: $71538.46
</span>
