You want to borrow $7,000 from your local bank to buy a car. You can afford to make monthly payments of $450, but no more. Assuming monthly compounding, what is the highest rate you can afford on a 48-month APR loan?
Answers
The highest rate you can afford on a 48-month APR loan with monthly payments of $450 is approximately 1.9392%.
To determine the highest rate you can afford on a 48-month APR loan, we can use the formula for calculating the monthly payment on a loan:
\(P = (r * PV) / (1 - (1 + r)^{(-n)})\)
Where:
P = Monthly payment
r = Monthly interest rate
PV = Present value (loan amount)
n = Number of months
In this case, the loan amount (PV) is $7,000, the monthly payment (P) is $450, and the loan duration (n) is 48 months. We need to solve for the monthly interest rate (r).
Let's rearrange the formula to solve for r:
\(r = ((1 - (P / (r * PV)))^{(-n)} - 1)\)
Now we can use a numerical method, such as iteration or approximation, to find the value of r. Let's use an iterative approach to solve for r.
Starting with an initial guess of 0.01 (1%), we can iterate until we find a rate that satisfies the monthly payment:
Initial guess: r = 0.01 (1%)
Iteration 1:
r = \(((1 - (450 / (0.01 * 7000)))^{(-48)} - 1)\) = 0.019532
Iteration 2:
r = \(((1 - (450 / (0.019532 * 7000)))^{(-48)} - 1)\) = 0.019395
Iteration 3:
r = \(((1 - (450 / (0.019395 * 7000)))^{(-48)} - 1)\) = 0.019392
Iteration 4:
r = \(((1 - (450 / (0.019392 * 7000)))^{(-48)} - 1)\) = 0.019392
To learn more about APR follow the link:
https://brainly.com/question/4599397
#SPJ4
Related Questions
a term developed to replace diversity (with respect to organizations) is
Answers
The term "inclusion" has been developed as a replacement for diversity, specifically in the context of organizations, to emphasize the importance of creating an environment that values and respects.
The term "inclusion" has gained prominence as a more comprehensive and holistic approach to promoting diversity within organizations. While diversity focuses on the representation of individuals from different backgrounds, inclusion goes beyond mere representation and emphasizes creating a sense of belonging, respect, and equal opportunities for all individuals.
Inclusion recognizes that diversity alone is not enough to create a thriving and equitable workplace. It involves fostering an environment where individuals feel valued, respected, and empowered to fully participate and contribute their unique perspectives, experiences, and skills. It aims to eliminate barriers, biases, and discrimination that may prevent individuals from fully engaging in the organizational culture and decision-making processes.
By shifting the focus from diversity to inclusion, organizations aim to create a more equitable and supportive environment where individuals from diverse backgrounds can thrive and reach their full potential. Inclusion initiatives may involve implementing policies and practices that promote fairness, equity, and accessibility, as well as providing training and resources to raise awareness and enhance cultural competence among employees.
Learn more about inclusion here:
https://brainly.com/question/22523441
#SPJ11
Post-Assessment
Question 2 of 5
Why is buying a car considered "bad debt"?
It decreases in value over time
It increases your net worth as it build equity
It gives you transportation to and from your job
It is worth more than any other investment
Submit
Continue
E
Answers
The reason why buying a car considered "bad debt"is that It decreases in value over time. option A
What is bad debt?The term bad debt can be described as the amount of money that a creditor must write off as a result of a default on the part of the debtor in a case whereby the creditor has a bad debt on the books, then things turn to uncollectible and is recorded as a charge-off.
It should be noted that a case can be regarded as bad debt because the value of the asset you receive from the loan depreciates quickly however in some cases interest charges increase how the amount that is been paid for the vehicle. and in thius case cost is higher compare to what it would be if you'd purchased the car outright with cash.
Hence, option A is correct.
Learn more about bad debt at:
https://brainly.com/question/24871617
#SPJ1
Which is a step of closed-loop communication?
a. Confirming task completion before assigning another task
b. Encouraging all team members to speak clearly
c. Abandoning ego
d. Using distinctive speech and a controlled voice
Answers
A step of closed-loop communication is confirming task completion before assigning another task.
Closed-loop communication is a process of effective communication that involves feedback and confirmation to ensure that messages are correctly received and understood. It is particularly important in high-stress or high-risk environments, such as healthcare or aviation, where miscommunication or errors can have serious consequences.
Confirming task completion before assigning another task is an important step in closed-loop communication because it ensures that the task has been successfully completed and any issues or concerns have been addressed before moving on to the next task. This step helps to prevent misunderstandings, errors, and miscommunications that can lead to delays, rework, or even accidents.
Other steps in closed-loop communication may include using clear and concise language, repeating or summarizing messages, verifying understanding, and providing feedback to the sender.
Learn more about communication here:
https://brainly.com/question/14665538
#SPJ11
What can a boosted post help an advertiser achieve?
Answers
A boosted post helps an adviser to connect with the audience and gain trust.
Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.
Learn more about Communication at:
brainly.com/question/25645043
#SPJ4
In what way is money active?
Why is it important to have cash flow?
Answers
Answer:
Money is active because money is money. why is it important to have a cash flow? to build wealth
Explanation:
can someone help me with this please.
Answers
Answer:
sure
Explanation:
no image
What are the three main automation components of smart display campaigns?.
Answers
The three main automation components of smart display campaigns are:
Automated Targeting, Automated Creatives, and Automated bidding.
They allow a person or a business to exhibit adverts in a variety of formats across the Advertisers Display Network.
What are the benefits of Smart Display Campaigns?One of the key benefits of using SDCs is that they are responsive.
This means that they allow the advertisers to access and create an impression on a wide variety or mix of people and or audience, as well as reach advertising goals with no extra effort exerted toward the creation of assets, modification of targeting options, and the creation of new strategies for each group.
Learn more about smart display campaigns in the link below:
https://brainly.com/question/17094850
3
what is not example of an Internal Stakeholder?
-
O
Owner
Customers
Manager
Employees
None of the Above
Answers
Answer:Imagine you’re Charlie in Willy Wonka and the Chocolate Factory.
This whole business is all yours! Run around it, eat all the free snacks, enjoy all of the delicious, owning-your-own-business feelings. And then get into work the next day and realize…
Who actually does all of the stuff here? Who’s actually running this place?
Well you, of course. But not just you. Many people have personal and financial interests in your business, and those people are called stakeholders.
What types of stakeholders do you need in business? In this post you get to learn:
The 10 types of stakeholders you meet in business
Stakeholder vs. shareholder – have you been referencing the wrong one?
What types of stakeholders are there?
No, that’s not a typo. Each of the types of stakeholders in a business are categorized in 3 ways:
Internal or external
Primary or secondary
Direct or indirect
Internal stakeholders are, as the name suggests, stakeholders that exist inside a business. These are stakeholders who are directly affected by a project, such as employees.
External stakeholders are those who have an interest in the success of a business but do not have a direct affiliation with the projects at an organization. A supplier is an example of an external stakeholder.
Explanation:
You have three separate accounts with your bank that you can manipulate with online banking. Account "A" is a checking account with a $5,245.50 balance, Account "B" is a personal savings account with a $12,850.25 balance, and account "C" is a joint college savings account with your 12-year-old son. You move $2,500 from account "B" to account "A" to cover an unexpected bill. You also move 1.5% of the remaining balance in account "B" to account "C". What is left in account "B" after these transfers? A) $10,195 B) $10,350 C) $15,550 D) $25,000
Answers
Answer:
A) $10,195
Explanation:
This can be calculated as follows:
Amount in Account "B" = $12,850.25
Remaining balance after moving $2,500 from Account "B" to account "A" = Amount in Account "B" - $2,500 = $12,850.25 - $2,500 = $10,350.25
Amount moved from account "B" to account "C" = Remaining balance after moving $2,500 from Account "B" to account "A" * 1.5% = $10,350.25 * 1.5% = $155.25
Balance after moving 1.5% of the remaining balance in account "B" to account "C" = Remaining balance after moving $2,500 from Account "B" to account "A" - Amount moved from account "B" to account "C" = $10,350.25 - $155.25 = $10,195
Therefore, the correct option is A) $10,195.
What are some actions that may be taken by a nation to reduce interest rates in a country
Answers
Answer:
If needed, the Federal Reserves has the ability to lower interest rates.
Explanation:
Arnold buys a backhoe from Big Dig Equipment Inc. Arnold is unaware that Credit Collection Company holds a lien against the backhoe when he buys it. If Credit Collection repossesses the backhoe, Arnold can
Answers
Answer:
recover from Big Dig for breach of warranty.
Explanation:
I. The given instance Arnold makes a purchase of a backhoe from Big Dog Equipment, being unaware that Credit collection company is holding a lien on the equipment.
A lien is the ability of a entity to take ownership of a property pending when a debt is repaid.
The backhoe was sold without disclosing this to Arnold. So he can recover from Big Daddy because false information about the product was provided at the time of purchase
How did the extra, one-time payment of $100 affect the total interest Janet pays on the loan?
Answers
Amortization simply means the practice of spreading the cost of an intangible asset over the useful life of the asset.
Your question is incomplete as you didn't provide the amortization table. Therefore, an overview of amortization will be given.
It should be noted that amortization is usually expensed on a straight-line basis. In such a case, the same amount will be expensed for every period over the life of the asset.
For example let's assume that Janet borrows $2000 at 4% for 2 years. The interest that will be paid will be:
= $2000 × 4% × 2
= $2000 × 0.04 × 2
= $160
The interest here is $160. Based on the question, since $100 has been paid, it should lead to a lower interest that will be paid on the loan.
Read related link on:
https://brainly.com/question/25443577
Answer:$160
Explanation:
The interest here is $160. Based on the question, since $100 has been paid, it should lead to a lower interest that will be paid on the loan.
Objectives of Promotion
Answers
Answer:
Promotion refers to any type of marketing communication used to inform or persuade target audiences of the relative merits of a product, service, brand or issue. The aim of promotion is to increase awareness, create interest, generate sales or create brand loyalty.
Hope this helped you!
Explanation:
Ethical standards in business are principles or codes for how a business conducts itself with ___, customers, and the public.
A. Other businesses
B.Employees
C.the government
D.charity organizations
Answers
Answer:
B. Employees
Explanation:
Financial information on big-time intercollegiate sport programs shows that they:
Answers
The but also raises questions about athlete compensation and the financial sustainability of smaller or less profitable programs.
Why will be find intercollegiate sport programs?Financial information on big-time intercollegiate sport programs shows that they generate significant revenue for their respective universities and athletic departments.
These programs typically generate revenue through various means, including ticket sales, merchandise sales, sponsorships, and media contracts. Some of the largest intercollegiate sports programs, such as football and basketball, generate millions of dollars in revenue each year.
However, it is important to note that not all intercollegiate sports programs are profitable. Some programs, particularly those in smaller sports or those with lower levels of fan support, may not generate enough revenue to cover their expenses. In these cases, the university or athletic department may need to provide additional funding to support the program.
Another issue with big-time intercollegiate sports programs is the question of athlete compensation.
While these programs generate significant revenue, the athletes themselves do not receive any direct compensation beyond their scholarships.
This has led to debates about the fairness of the current system and whether athletes should receive a share of the revenue they help to generate.
Overall, financial information on big-time intercollegiate sports programs shows that they are an important source of revenue for universities and athletic departments.
Learn more about financial sustainability
brainly.com/question/15862561
#SPJ11
Samples Activity in doing Online Survey for Market Demands of Fruits? help please I can’t answer
Answers
correct answer please!
pag tama brainliest ko!
Answers
Answer:
1. radish, vinegar, spices
2. cucumber, vinegar, herbs
3. ripe mangoes, vinegar, chopped herbs
4. sweet potatoes, vinaigrette, nuts
5. arugula, vinaigrette, oranges
Growth has which positive effect for businesses?
A. It widens the area inside the frontier on a production possibilities
curve.
B. It allows products to be sold in a wide variety of new markets.
C. It cuts down on the amount of capital investment needed for
expansion.
D. It ensures that opportunity costs will never exceed overall
productivity.
Answers
Growth widens the area inside the frontier on production possibilities and has a positive effect on businesses. Thus option A is correct
What is business?A corporation or creative entity engaging in business, industrial, and business life is referred to as a business. Corporations could be for-profit corporations or charitable institutions. Limited liability firms, sole traders, corporation, and collaborations are among the several types of businesses.
Growth benefits firms by expanding the territory inside of the frontier of production frontier. There might not be enough money to cover the cost of development. Your workplace and workers will be under more strain if you take on ever more tasks to boost you revenue. Facing pressure, business may be acting quickly in response instead than strategically.
Therefore, option A is the correct option.
Learn more about business, Here:
https://brainly.com/question/15826604
#SPJ2
Which descriptions offer examples of Consumer Services workers? Check all that apply.
Agatha helps people having a difficult time applying for loans.
Yasmine manages apartment buildings, and oversees their rentals to tenants.
Titus cares for young children in private homes.
Enrique responds to customers to resolve their complaints about items they purchased.
Deshawn organizes activities, programs, and events for a religious group.
Zoe organizes and oversees funeral services.
Answers
Answer:
Agatha helps people having a difficult time applying for loans.
Yasmine manages apartment buildings, and oversees their rentals to tenants.
Enrique responds to customers to resolve their complaints about items they purchased.
Explanation:
Just answered this question.
Answer:
abd
Explanation:
The Stone Wall Fund has an offer price of $39.39 and a front-end load of 2.92 percent. What is the net asset value? Answer should be formatted as a number with 2 decimal places
Answers
The Stone Wall Fund has an offer price of $39.39 and a front-end load of 2.92 percent. To find the net asset value of the fund, we need to subtract the front-end load percentage from the offer price of the fund.
The net asset value of The Stone Wall Fund = Offer price - Front-end load= $39.39 - (2.92% of $39.39)= $39.39 - (0.0292 × $39.39)= $39.39 - $1.149588= $38.240412
Thus, the net asset value of The Stone Wall Fund is $38.24.
The net asset value (NAV) of a mutual fund is the value of one share of the fund. It is calculated by dividing the total value of the fund's assets by the number of shares outstanding. The front-end load is a sales charge paid by investors when they purchase shares in a mutual fund. It is usually a percentage of the offering price of the fund.
Learn more about net asset value: https://brainly.com/question/32656811
#SPJ11
An international business is a firm that
Part 2
A. hires non-U.S. citizens.
B. produces a wide range of products.
C. is not from the United States.
D. engages in international trade or investment.
Answers
Option D: An international business is a firm that engages in international trade or investment.
Therefore, the correct answer is option D. An international business is a company that conducts business across national borders. This can include importing and exporting goods, investing in foreign markets, and operating in multiple countries.
It is not necessarily defined by the nationality of its employees, the range of products it produces, or the country in which it is headquartered. International business refers to the trade of goods, services, technology, capital and/or knowledge across national borders and at a global or transnational scale. It involves cross-border transactions of goods and services between two or more countries.
For such more questions on international business:
brainly.com/question/14690606
#SPJ11
sove 3logx + 5 is equal to 8
Answers
♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️
\(3 log(x) + 5 = 8\)
Subtract sides 5
\(3 log(x) + 5 - 5 = 8 - 5\)
\(3 log(x) = 3\)
Divide sides by 3
\( \frac{3 log(x) }{3} = \frac{3}{ 3} \\ \)
\( log(x) = 1\)
_________________________________
Reminder :
\( log_{a}(x) = b\)
\(x = {a}^{b} \)
_________________________________
Thus ;
\( log_{10}(x) = 1\)
\(x = {10}^{1} \)
\(x = 10\)
Done...
♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️♥️
What is the operating income?
Answers
Operating income, also known as "earnings before interest and taxes (EBIT)," is a financial metric that measures a company's profitability from its core operations, before taking into account any financial or tax-related considerations. Keyword, it represents the income generated by a company's normal business activities, excluding income from investments or financing activities. Keyword, operating income can be calculated by subtracting a company's operating expenses, such as cost of goods sold, labor costs, and general and administrative expenses, from its operating revenue.
Keyword, operating income is an important metric for investors and analysts to assess a company's financial performance, as it provides a picture of the company's ability to generate profit from its normal business operations. It also helps to eliminate the effects of non-operating factors, such as changes in interest rates, taxes, or foreign exchange rates, making it a more reliable indicator of a company's operational efficiency and success. Keyword, companies with a high operating income are often considered to have strong and sustainable business models, as they are able to generate profit consistently from their core operations.
For more about What is the operating income:
https://brainly.com/question/30271255
#SPJ11
When applying to college, it pays to ask for help and advice from people who have already gone. Which of the following people could be a useful resource during the college application process?
A.) Teachers
B.) Principals
C.) Guidance Counselors
D.) All of the above
Answers
Answer:
d
Explanation:
Because you need all of them for advice or anything
Answer: all of the above
Explanation:
because they all need to check for you
Sienna wants to reconcile her bank account to check how much money she has to spend.
What does she need to do to adjust the balance in her bank statement?
While adjusting her bank statement balance, Sienna should first add 1.) ________
and then deduct 2.) _________.
1.)
- deposits in transit
- NSF fees
- bank service charges
2.)
- bank errors
- outstanding checks issued
- interest earned
Answers
1. NSF fees and service charges would be money taking out of her account. She wants to add what is being put into her account so she should add deposits in transit.
The answer is Deposits in transit.
2. Deductions is money being taken out, so she would deduct outstanding checks issued.
Answer: outstanding checks issued.
What type of ratio measures a firm's ability to generate cash to meet current obligations by selling inventory and collecting revenue
Answers
The Current Ratio ("Banker's Ratio) measures a firm's ability to generate cash to meet current obligations by selling inventory and collecting revenue.
What is bankers ratio?A company's debt-to-equity ratio reveals how much debt it has for every dollar of shareholder equity. This ratio was developed by bankers. If you are eligible for a loan, a bank will assess your debt-to-equity ratio in comparison to others in your sector. Your risk is high if this ratio is high.
Why do bankers use ratio analysis?The majority of ratios may be computed using financial statements, and they are used to compare a company's financial performance to that of its competitors and to identify trends in those performances. Businesses should compute these ratios on their own to discover areas for improvement before approaching a credit institution.
To know more about bankers ratio visit:
https://brainly.com/question/27555735
#SPJ4
Alice Miller works for a paint manufacturer. She is paid 3% commission on her first $20,000 if monthly sales and 8% commission on all sales over $20,000. In March her sales were $54,500; in April, her sales totaled $47,300. What were the total commissions she earned for the 2 months?
Answers
Answer:
$6,144
Explanation:
sales commissions during March:
$20,000 x 3% = $600
$34,500 x 8% = $2,760
total = $3,360
sales commissions during April:
$20,000 x 3% = $600
$27,300 x 8% = $2,184
total = $2,784
if we add both months, then the total sales commissions earned by Alice = $6,144
Rishabh a brilliant student lives in a remote district of Orissa and has done mechanical engineering, He has won a lottery of Rs. 10 Lakhs. He wants to invest this money in some business opportunity, One of his friends suggested him to form a company. So he decided to manufacture tube lights and bulbs in his manufacturing unit and give jobs to unemployed youth in his village area. He has identified the business opportunity but is unaware about the other functions to be performed by him as a promoter of the company, Explain the other five steps to be performed by him as a promoter of the company, 2. Akriti, Manju and Sonali were friends who started a partnership business. They did not get their firm registered as it was optional. Soon, Manju and Sonali started having conflicts. Manju and Sonali wanted to approach a lawyer. If you were a lawyer than how would you guide them?
Answers
Answer:
hall
Explanation:
kk off Krishan Kala
Which of the following statements would come from someone classified as unemployed? Question 25 options: I can't stand my current job as a telemarketer. I used to be a nuclear engineer. I'm a full-time student at the University of Illinois who doesn't have time to work. I'm not working because I'm going to Jamaica with my buddy. I'm not working. I had three interviews this week, and I'm trying to find a job. I haven't had a job in a year, and I stopped looking for a job nine months ago.
Answers
Answer:
I'm not working. I had three interviews this week, and I'm trying to find a job.
Explanation:
Unemployment rate refers to the percentage of the total labor force in an economy, who are unemployed but seeking to be gainfully employed. The unemployment rate is divided into various types, these include;
I. Natural Rate of Unemployment (NU).
II. Frictional unemployment rate (FU).
III. Structural unemployment rate (SU).
IV. Actual unemployment rate (AU).
V. Cyclical unemployment rate (CU).
The statement which would come from someone classified as unemployed is; I'm not working. I had three interviews this week, and I'm trying to find a job.
The (blank)
is responsible for scheduling work throughout the factory.
factory manager
production planner
first-line supervisor
industrial engineer
Answers
Schedules, people calling out sick, vacation schedules, HR, help with hiring people, and a lot more.
Production planner’s job is to plan production specifically, not deal with a people’s work schedule.
First-line supervisor is on the floor, “front line”, dealing with daily issues involving the work itself (done by the workers... supervisor supervises).
The industrial engineer is the person who designs the project that the factory is working on (nothing to do with scheduling).
Answer:
Factory manager
Explanation:
i took the test