Answer:
Store A = 3.4521
Store B = 2.9589
Store C = 4.4384
Explanation:
Store A charges ADB method
purchase made on 5th first payment on 15th of 100
so from 5th to 15th Average daily balance =300 for 10 days
then from 15th to 4th for remaining 20 days average daily balance = 200
Average Daily Balance = (300*10+200*20)/30
Total finance charge = ADB*(APR*(Days/365))
=300*((0.18)*(10/365))+200*((0.18)*(20/365))
= 1.4795+1.9726=3.4521
Store B
Adjusted Balance Method uses adjusted balance to calculate the charges
Adjusted balance=Starting balance adjusted for credit and debit
Adjusted balance =300-100=200
Financial Charges = 200*(.18*(30/365))=2.9589
Store C
Previous Balance Method the interest is calculated on amount of balance carried from previous billing cycle
Balance Carried = 300
Charges =300*(.18*(30/365))= 4.4384
The final payment is <u><em>not </em></u>a fee that contributes to the original cost of leasing an automobile, option B is the correct answer.
<h3 /><h3>How is leasing charged?</h3>
The first payment is, predictably, the same as one month's rent.
A lender or lessor will impose an acquisition fee to offset the costs of establishing a loan or lease agreement.
A disposition fee, sometimes known as a turn-in fee, is a cost associated with returning a rented vehicle.
Therefore, final payment doesn't contribute to leasing a car.
For more information about leasing, refer below
brainly.com/question/1059164
Answer:
r = 0.080528395 = 8.05%
Winner's Prize at 2044: $ 15,215,114.02
Explanation:
Principal 160
Amount 1,610,000
time: 2015 - 1896 = 119
![160 \: (1+ r)^{119} = 1,610,000\\ r = \sqrt[119]{1,610,000 / 160} -1](https://tex.z-dn.net/?f=160%20%5C%3A%20%281%2B%20r%29%5E%7B119%7D%20%3D%201%2C610%2C000%5C%5C%20r%20%3D%20%5Csqrt%5B119%5D%7B1%2C610%2C000%20%2F%20160%7D%20-1%20)
r = 0.080528395
If the same rate for the winner's prize is being keep by 2044 the winner will get:
Principal 1,610,000.00
time 29.00 (2044 - 2015)
rate 0.08053
Amount 15,215,114.02
Answer:
Social media relates to all the technology that makes information sharing possible via the Internet. It is largely based on subject matter that users create and share.
Explanation:
Mass media approach: One-to-many
Personal contact approach: one-to-one.
Difference: Sellers are involved in mass media; buyers exchange information passively. Seller and buyer are both active on PC.
It is also the primary communication means used to meet the vast majority of the population. Newspapers, journals, radio, TV and the internet are the most prominent mass media channels.
