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olga_2 [115]
2 years ago
15

The final step in active listening involves

Business
1 answer:
kvv77 [185]2 years ago
6 0

Answer:

The final step is responding.

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A local car dealer offers "zero percent" interest on a $20,000 automobile for 36 monthly payments. if a customer either pays cas
m_a_m_a [10]

Answer:

The professor is wrong; the buyer should directly pay the car company at zero interest.

Explanation:

Lets first list down all the facts:

There are two options for the consumer - the first being pay directly cash to the car company at 0% interest or take a loan of the same amount. The discount is the same if the buyer manages to pay in time.

36 monthly payments implies 3 year period.

Use a spreadsheet to enter the above data and calculate the values. You have to calculate the NPV (net present value) of the investment in both the scenarios taking account of the rebate and the subsequant gain/loss in each option. Most spreadsheets use the NPV function, including Numbers for Mac.

Take the case for the first option, where interest is zero. These are the values that were found out:

For each year, cash flow is approx. $6,660 that makes upto $555.55 each month. This is the required payment the buyer needs to pay to the car company each year to be eligible for a discount.

In the end, the car will cost almost $18,000.

Now take the case for loan payment which has an interest of 5%.

As quite evident, the loan actually increases the pay burden, since the buyer has to pay the full $6,660 yearly to the car company in addition to paying interest to the bank which is almost $335 each year. So the total amount every year, to the buyer's account statement will be approx. $7000, a loss of more than $300 when compared to the previous situation.

In the end, the car will cost him more than $900 (almost $20,980), due to interest adding up every year. The dsicount of $2,000 will of course reduce the price of it, to like $18,980 but that is still $900 more than the zero interest offered by the car company.

Hence, according to my calculations, the professor is wrong; the buyer should directly pay the car company at zero interest.

6 0
2 years ago
Read 2 more answers
On the first day of class at a new university you made judgments about the quality of the class before the professor had entered
Nataly_w [17]
I believe it’s either A or C


5 0
3 years ago
If you get a personal loan, and the bank asks for something to guarantee the loan, the bank is asking for what?
Licemer1 [7]
The answer will be =Down payment
8 0
3 years ago
Read 2 more answers
When Acme Dynamite produces 250 units of output, its variable cost is $2,000, and its fixed cost is $500. It sells each unit of
DaniilM [7]

Answer:

The firm will continue to produce in the short run.

Explanation:

Given the number of units produced by Acme Dynamite = 250 units.

The variable cost of producing the 250 units = $2000

The fixed cost = $500

The selling price = $25 per unit.

The new price after the fall in price = $10

Total revenue from the selling of 250 units = 250 × 10 = $2500

Since the revenue received is covering the variable cost and fixed cost. Thus, the firm will produce or continue to produce in the short run.

7 0
3 years ago
A 20-year loan of 2,500 is repaid with payments at the end of each year. Each of the first ten payments equals 175% of the amoun
Firdavs [7]

Answer:

The answer is 156.25

Explanation:

In the 1st year:

- Interest: 2,500 x 5% = 125

- Payment amount: 125  x 175% = 218.75

- Principal: 218.75 - 125 = 93.75

Hence, the principal payment in 20 year loan as follow:

10 x 93.75 + 10 x X = 2,500

=> X = 156.25

4 0
3 years ago
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