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NARA [144]
3 years ago
15

Jean paid $18,489 for a new car. calculate the total cost of the car if she financed it at an interest rate of 3.5% for 4 years.

Business
2 answers:
Fofino [41]3 years ago
5 0
This is a simple interest problem. We are going to use the formula:
I=Prt
Where I is the interest she has to pay for her loan, P is the amount she financed, r is the interest rate (in decimal), and t is the number of years.

Replace the values to get:
I= (18489)(0.035)(4)
I=2588.46

Now that we have the interest she paid, we just need to add them to the value she paid to get the total cost she paid:
18489+2588.46=21077.46

We can conclude that the total cost of the car that she financed will be $21,077.46 
IRISSAK [1]3 years ago
5 0

We can conclude that the total cost of the car that she financed will be $21,077.46

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Consider a mutual fund with $203 million in assets at the start of the year and with 10 million shares outstanding. The fund inv
balu736 [363]

Answer:

8.66%

Explanation:

The computation of the rate of return for the investor in the fund is as follows:

= (Net assets at the end  + dividend per share  - nav at the beginning of the year) ÷ (nav at the beginning of the year)

where,

Net assets at the end is

= $203 million + $203 million × 7% - ($217.21 million × 0.75%)

= $203 million + $14.21 million - $1.6291 million

= $217.21 million - $1.6291 million

= $215.58093 million

Dividend per share is

= $5 million ÷ 10 million shares

= 0.5

Nav at the beginning of the year is

= $203 million ÷ 10 million shares

= $20.3

Now the rate of return is

= ($215,.58093 + 0.5 - $20.3) ÷ ($20.3)

= 8.66%

6 0
2 years ago
Catherine, a senior project manager, has advance knowledge of the projects that her team will be handling in the next six months
labwork [276]

Answer:

The correct answer is letter "C": one of the satisfactions of being a leader.

Explanation:

The satisfaction of being a leader implies all those benefits employees with high rank and influence in the companies have. Those satisfactions are not merely monetary but also include having a wider knowledge of what the purposes of the firm are in the short and long term.

4 0
3 years ago
Jack Thomas, who live in Minnesota, and Sandy Silver, who live in Oklahoma, each purchased $92,000 worth of securities at the lo
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Answer:

Follows are the responses to the given points:

Explanation:

In point a:

Yeah, throughout the state court they will ever sue against fraud. As base with the that State is appropriate so because the main place of work is specific budget inventory representatives Inc.

In point b:

Thomas couldn't sue for cheating at the federal court successfully, because equality in nationality would be the only conceivable way. Because as a federal problem also isn't involved, Thomas and both are comprehensive residents of Michigan weren’t diverse for this situation. The business is a resident of all its corporate headquarters and the State of formation.

In point c:

Throughout this situation, silver can claim nationality plurality, as Oklahoma's comprehensive would not be a citizen. It simple company does company in such a state doesn't render that business a citizen. However, if silver has been damaged in terms of $75,000, this failure combined with citizenship diversity would allow it to sue extensively in a federal court. This event does not tell everyone how slowly he lost, however, the facts weren't enough to make a correct judgment.

3 0
3 years ago
Pizza is a normal good if the demand:__________
kirill115 [55]

Answer:

a. for pizza rises when income rises.

Explanation:

A normal good is a good that people purchase more when their income increases and that have a lower demand when their income decreases, for example, clothing. According to this, the answer is that Pizza is a normal good if the demand for pizza rises when income rises.

The other options are not right because a normal good is determined by the way in which the demand of a product behaves when the income increases or decreases.

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3 years ago
Why might a tissue such as the pancreas not be a good source to choose for the isolation?
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LDH production is not associated with pancreatic cell secretions. Pancreas secretes the following pancreatic lipases to convert fats into lipoproteins and triglycerides.
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