Business, 16.10.2019 02:00 Kingmoney959

If you finance a car with a dealer, most likely you’ll pay interest calculated with the "add on interest" or "tack on interest" method (which not surprisingly works in the favor of the dealer). during the life of the loan, interest is paid on the full amount borrowed, even though some principal is paid back each month.
a student buys a car as follows:
down payment - $ 2,000
amount financed - $ 12,000
total cost of car - $14,000
finance charge - add on interest @ 10% per annum over 4 years (48 months)
what is the monthly payment and apr of this loan using your hp 10bii?

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 12:00

In the united states, one worker can produce 10 tons of steel per day or 20 tons of chemicals per day. in the united kingdom, one worker can produce 5 tons of steel per day or 15 tons of chemicals per day. the united kingdom has a comparative advantage in the production of:

Answers: 2

Answer

Business, 22.06.2019 14:30

Turtle corporation produces and sells a single product. data concerning that product appear below: per unit percent of sales selling price $ 150 100 % variable expenses 75 50 % contribution margin $ 75 50 % the company is currently selling 5,600 units per month. fixed expenses are $194,000 per month. the marketing manager believes that a $5,300 increase in the monthly advertising budget would result in a 190 unit increase in monthly sales. what should be the overall effect on the company's monthly net operating income of this change?

Answers: 1

Answer

Business, 22.06.2019 20:20

Garcia industries has sales of $200,000 and accounts receivable of $18,500, and it gives its customers 25 days to pay. the industry average dso is 27 days, based on a 365-day year. if the company changes its credit and collection policy sufficiently to cause its dso to fall to the industry average, and if it earns 8.0% on any cash freed-up by this change, how would that affect its net income, assuming other things are held constant? a. $241.45b. $254.16c. $267.54d. $281.62e. $296.44

Answers: 2

Answer

Business, 22.06.2019 23:40

Four key marketing decision variables are price (p), advertising (a), transportation (t), and product quality (q). consumer demand (d) is influenced by these variables. the simplest model for describing demand in terms of these variables is: d = k – pp + aa + tt + qq where k, p, a, t, and q are constants. discuss the assumptions of this model. specifically, how does each variable affect demand? how do the variables influence each other? what limitations might this model have? how can it be improved?

Answers: 2

Answer

You know the right answer?

If you finance a car with a dealer, most likely you’ll pay interest calculated with the "add on inte...

Questions