The monthly payment for this car loan is equal to: D. $505. 79.
Given the following data:
Time = 5 yearsPrincipal = $23,570Interest rate = 10.43%To calculate the monthly payment for this car loan:
Mathematically, the monthly payment on a loan is given by this formula:
[tex]M = \frac{P(\frac{r}{12})(1 \;+\; \frac{r}{12})^{12t}}{(1 \;+ \; \frac{r}{12})^{12t} -1}[/tex]
Where:
P is the principal or amount borrowed.r is the interest rate.M is the monthly payment.t is the number of years.Substituting the given parameters into the formula, we have;
[tex]M = \frac{23570(\frac{0.1043}{12})(1 \;+\; \frac{0.1043}{12})^{12 \times 5}}{(1 \;+\; \frac{0.1043}{12})^{12 \times 5}\; -\;1}\\\\M = \frac{23570(0.008692)(1 \;+\; 0.008692)^{60}}{(1 \;+\; 0.008692)^{60}\; -\;1}\\\\M = \frac{23570(0.008692)(1.008692)^{60}}{(1.008692)^{60}\; -\;1}\\\\M = \frac{23570(0.008692)(1.6808)}{1.6808\; -\;1}\\\\M = \frac{344.34}{0.6808}[/tex]
Monthly payment, M = $505.79
Read more: https://brainly.com/question/16992474
Nezzie invests in 300 shares of stock in the fund shown below. Name of Fund NAV Offer Price LKIT Mid-Cap $16. 58 $16. 99 Nezzie plans to sell all of her shares when she can profit $5,000. What must the net asset value be in order for Nezzie to sell? a. $16. 67 b. $33. 25 c. $33. 57 d. $33. 66.
The correct amount of net asset value is $33. 66. Net asset value is termed as the value of the asset after the evaluation of the company's profit and evaluating the paid-off debt of the firm.
Computation of the total net value:
[tex]\begin{aligned}\text{The Total Net Value}&=(\text{ Number of shares} \times \text{Offer price}) + \text{profit}\\\text{The Total Net Value}&= 300 \:\rm shares \times \$16.99 + \$5000\\\text{The Total Net Value}&=\$10,097\end{aligned}[/tex]
The computation of the net asset value is:
[tex]\begin{aligned} \text{The Net Asset Value}&=\dfrac{\text{ Total Net Value}}{\text{Total Outstanding Shares}} \\\text{The Net Asset Value}&= \frac{\$10097}{300\:\rm shares} \\ \text{The Net Asset Value}&= \$33.66\end{aligned}[/tex]
Therefore, the correct option is D.
To know more about the calculation of the net asset value, refer to the link below:
https://brainly.com/question/2718055
By 2030, what will Elon Musk's, net worth will be?
the use of money and credit controls to change the macroeconomy is
According to economic theory, using money and credit controls to change the macroeconomy is "Monetary Policy."
What is Monetary Policy?Monetary Policy is the policy or method by which government controls the amount of money in circulation in an economy.
Monetary policy can increase or reduce rue money in an economy.
The three primary tools of Monetary Policy are:Reserve requirementsDiscount rateOpen market operationsHence, in this case, it is concluded that the correct answer is Monetary Policy.
Learn more about Monetary Policy here: https://brainly.com/question/13926715
what agricultural product provides florida with its state flower?
Read the excerpts and answer the question that follows. Once in a Lifetime by Jhumpa Lahiri (excerpt) My feelings were complicated by the fact that, until rather recently, to my great shame, I’d regularly slept with my parents on the cot in their room, and not in the room where I kept my clothes and things. My mother considered the idea of a child sleeping alone a cruel American practice, and therefore did not encourage it, even when we had the space. She told me that she had slept in the same bed as her parents until the day she was married and that this was perfectly normal. But I knew that it was not normal, not what my friends at school did, and that they would ridicule me if they knew. Freeway 280 by Lorna Dee Cervantes (excerpt) I scramble over the wire fence that would have kept me out. Once, I wanted out, wanted the rigid lanes to take me to a place without sun, without the smell of tomatoes burning on swing shift in the greasy summer air. Maybe it's here en los campos e
The description that details the difference in both excerpts is that Hema's identity was influenced by her parents whereas the speaker of Freeway 280 is searching for her identity.
The narrator stated that her mother considered the idea of a child sleeping alone a cruel American practice, and therefore did not encourage it.
The above showed that the narrator was influenced by her mother. On the other hand, the speaker of Freeway 280 is searching for her identity.
Learn more about excerpts on:
https://brainly.com/question/21400963
Answer: C. Hema's identity is influenced by her parents, whereas the speaker of "Freeway 280" is searching for her identity.
Explanation: Just took the test and got 100%:)
how has globalization impacted operations management
Answer:
Findings show that different aspects of globalization such as competitive intensity, technological change, cost pressure, and new opportunities, affect different aspect of operational performance, namely quality improvement, cost reduction, flexibility, speed of delivery.
Explanation:
The United States and Canada have the production possibilities curves shown above. It is determined that the United States has the comparative advantage in peanuts. Will both nations gain from trade if the terms of trade that are offered are 1 Peanut= 2 Corn? Why or why not? Show your work.
In an exchange term in which 1 peanut is offered in exchange for 2 corn, the United States benefits because it has a greater capacity to exchange peanuts, so it can obtain more corn.
The graph shows the production capacity of the United States and Canada to produce corn and peanuts. In the case of the United States, it has the capacity to produce 60 of each product while Canada only has the capacity to produce 60 of corn and 20 of peanuts.
According to the above, if an exchange is established between the two countries in which 1 peanut is exchanged for 2 corn, the United States would have an advantage since they have more peanuts to offer and the amount of corn they would receive at change would be greater (maximum 160 corn)
On the other hand, Canada only has the capacity to change 20 peanuts, which is equivalent to 40 corn. So the United States is at an advantage because it has more peanuts to offer and would have a greater reception of corn.
Note: This question is incomplete because the graph is missing. Here is the graph.
Learn more about production in: https://brainly.com/question/1969315
What features would you look for when purchasing your first home? Would you insist on a porch or a basement? What other things might you want your home to have?
i would insist on a stove to learn how to cook, and a porch because i want a house and not an apartment.
Who is likely to be in favor of a country that would be a net exporter moving from autarky to free trade
Explanation:
sorry don't know think you should ask the question
what are the different theories of liquidity
A surface, such as a prep table, that touches food or from which food could drip or drain onto surfaces that touch food is
called a "food-splash surface."
True
False
Answer:
False
Explanation:
Food contact surface is what it is called
What does it mean when the feds lower interest rates?
Interest rates are lowered by the Fed in order to boost economic development. Reduced finance costs might entice people to borrow and invest. When interest rates are excessively low, however, they might stimulate excessive growth and perhaps inflation. On the other hand, if growth becomes excessive, the Fed will boost interest rates.
Producing goods only enough to meet the basic needs of the family is called
Subsistence Production
Surplus Production
Domestic Production
Export Production
Answer:
Domestic production
Explanation:
Domestic production means we make things only to satisfy our household needs of family.In simple words the production which is made not in the intention of business is called Domestic productionNiki makes the same payment every two months to pay off his $61,600 loan. The loan has an interest rate of 9. 84%, compounded every two months. If Niki pays off his loan after exactly eleven years, how much interest will he have paid in total? Round all dollar values to the nearest cent. A. $39,695. 48 b. $10,294. 26 c. $3,126. 29 d. $39,467. 12.
The total amount of interest paid by Niki is $39,695.48.
The loan is termed as the amount that is borrowed by the lender and is paid off back at some defined amount of interest.
Computation of amount of interest to be paid by Niki:
The given information is:
P is the periodic payment.
PV = $61,600
r = 0.0984
t = 6
n = 11 years
[tex]\begin{aligned}PV = \frac{P(1 - (1 +\frac{r}{t}^{nt}))}{\frac{r}{t}}\end{aligned}[/tex]
[tex]\begin{aligned}61600 =\frac{P(1 - (1 +\frac{0.0984}{6}^{11\times6})}{\frac{0.0984}{6}}\end{aligned}[/tex]
[tex]\begin{aligned}61600 =\frac{P(1 - (1 + 0.0164)^{66} )}{ 0.0164}\end{aligned}[/tex]
[tex]61600\times0.0164 = P(1 - (1.0164)^{66} )[/tex]
[tex]\begin{aligned}1010.24&=p\times(1-0.341769)\\1010.24&=0.658321\times p\\p&=\frac{1010.24}{0.658321}\\p&=1534.78\end{aligned}[/tex]
Niki pays $1534.78 every two months continuously for eleven years.
[tex]\begin{aligned}\text{The total payment made by Niki} &= \text{Tenure Period} \times 6 \times \text{Amount of interest}\\\text{The total payment made by Niki}&=11\times6\times\$1534.78\\\text{The total payment made by Niki}&= \$101295.48\end{aligned}[/tex]
[tex]\text{Interest paid} = \text{Total Payment} - PV\\\text{Interest paid} = 101295.48-61600\\\text{Interest paid} =\$39,695.48[/tex]
Therefore, the correct option is A.
To know more about the computation of interests, refer to the link below:
https://brainly.com/question/26051659
What is the purpose of advertising?
To make people want the things they do not have.
To expand the marketplace to a wider audience.
To explain to people the cost and risks of owning products.
To allow people to make choices about what is available.
It should be noted that the purpose of advertising is to expand the marketplace to a wider audience.
Advertising can be regarded as marketing strategy that is been utilized by organization and firms to promote their products and services.
It involves using media and other means to make the public aware about the products or services.
We can conclude that advertising is done on the purpose of making marketplace to a wider audience so that more people can patronize.
Learn more about advertising at:
https://brainly.com/question/21085751
Answer: To make people want the things they do not have.
Explanation:
The purpose of advertising is to make people want things they don’t have
Why does compound interest earn you a higher annual percentage yield
(APY) on savings accounts?
O A. Compounding interest earns more by investing your money in
stocks.
B. Compound interest doesn't really earn you more APY.
O C. Compounding means you earn interest on the money that has
already earned interest.
D. Compound interest gives you a yearly rate of return.
The reason compound interest earn you a higher APY on savings account is with compounding you earn interest on the money that has already earned interest.
With compound interest, interest is earned on the amount of money that has already earned an interest. On the other hand, with simple interest, interest is earned only on the principal.
Imagine that you deposit $100 in a savings account with an interest rate of 10% and annual compounding.
Value of the account in one year = 100 x (1.1) = 110
Value of the account in two years = 100 x (1.1)² = 121
Imagine that you deposit $100 in a savings account with an interest rate of 10% and simple interest.
Value of the account in one year = 100 + (100 x 0.1 x 1) = 110
Value of the account in two years = 100 + (100 x 0.1 x 2) = 120
To learn more about compound interest, please check: https://brainly.com/question/7420113
On July 1, 2022, Jenks Company purchased the copyright to Jackson Computer tutorials for $424,000. It is estimated that the copyright will have a useful life of 5 years and a remaining legal life of 9 years with an estimated salvage value of $24,000. The amount of Amortization Expense recognized for the year 2022 would be: ____________
Based on the cost of the copyright and the period of amortization, the amortization in 2022 will be $40,000
First find the annual amortization expense:
= (Cost of copyright - Salvage value) / Useful life
= (424,000 - 24,000) / 5
= $80,000
The amortization for 2022 will however be for 6 months as the copyright was purchased on July 1.
= 80,000 x 6/12 months
= $40,000
In conclusion, the amortization expense will be $40,000
Find out more at https://brainly.com/question/7274714.
i am so coufued "what i am going to in future, i am very good in art and math and cooking and pe?
Answer:
you can be a artist or chef
Answer:
You can start up an art themed restaurant.
Explanation:
You are very talented, you could even enter cooking shows to practice and improve on ur cooking skills.
Very many people have are paintings in their homes, selling your art could earn you plenty of income.
PLEASE MARK BRAINLIEST :))according to the long-run phillips curve, in the long run monetary policy influences
Answer: only in the short run. According to the long-run Phillips curve, in the long run monetary policy influences. the inflation rate but not the unemployment rate.
Explanation:
Liam has purchased a fee-for-service health insurance plan from Leroux Health Insurance. Plan A includes a $248. 00 monthly premium and an annual deductible of $5,500. 00 (not including co-pays). Liam is a fairly healthy young man. He visits his primary care physician three times a year on scheduled visits. He sees a chiropractic specialist every week to help with lower back pain. He has no current prescriptions that need refilling regularly. Assuming Liam maintains his regular visits with his primary care physician and his chiropractor, and avoids any trips to the emergency room or urgent care, how much will Liam pay in health care related fees this year? Leroux Health Insurance Plan A Cost: Monthly Premium: $248. 00 Annual Deductible: $5,500. 00 Co-pays: Brand-name Prescriptions $35. 00 Generic Prescriptions $15. 00 Visits: Primary Care Physician: $40. 00 Specialist: $60. 00 Urgent Care: $125. 00 Emergency Room: $325. 00 a. $716. 00 b. $3,816. 00 c. $5,500. 00 d. $6,216. 0.
Liam would have to pay $6216 in health care related fees this year. Option D is right
The total expenses that Liam's health would incur are:
Monthly premium at 248 * 12 months in a year
= 2976
52 visits to the specialist at 60 dollars
= 52*60
= $3120
3 Visits to the primary care physician at 40 dollars
= 3*40
= $120
Then Liam's total expenses would be =
$2976 + $120 + $3120
= $6216
Read more on
https://brainly.com/question/2125579?referrer=searchResults
The purposes of ______ should be to determine whether the project provided the customer with the expected benefits, assess the level of customer satisfaction, and obtain any feedback that would be helpful in future business relationships with this customer or with other customers.
Explanation:
marketing about selling produktivitas
RESPA (Real Estate Settlement Procedures Act) permits real estate firms to be affiliated with title insurance companies or mortgage brokers as long as
The RESP Act permits the real estate firms to be affiliated with title insurance companies or mortgage brokers as long as the companies make a written disclosure of their relationship with one another.
The Real Estate Settlement Procedures Act requires the lenders, mortgage brokers providing home loans to provide to borrowers, a pertinent and timely disclosures regarding the nature and costs of the real estate settlement process.
In conclusion, the Act of RESP permits the real estate firms to be affiliated with title insurance companies or mortgage brokers as long as the companies make a written disclosure of their relationship with one another.
Read more about RESP Act
brainly.com/question/14102102
QUESTION 7 of 20: Money market refers to:
Isabel and Stuart open a money market account to begin saving for the
college expenses of their newborn daughter. This is an example of a
investment strategy.
O A. high-return
B. diversified
C. long-term
O D. high-risk
SUBMIT
Considering the situation described above, this is an example of a "Long-Term investment strategy."
What is a Long-Term Investment Strategy?Long Term Investment Strategy is a type of investment decision in which the investor hopes to reap the rewards later, usually five years or more.
Given that Isabel and Stuart opened a money market account to begin saving for the college expenses of their newborn daughter, which may take an average of 16 years or more before they reap it, this is an example of a "Long-Term Investment Strategy."
Hence, in this case, it is concluded that the correct answer is "Long-term investment strategy."
Learn more about the Investment strategy here: https://brainly.com/question/25730859
Answer: C, long-term
Explanation: just finished test
Analyse why the social benefit of education exceed the private benefit
Answer:
dddddddddddd
Explanation:
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxs
Which group is the primary source of financial support that benefits all wildlife species?
The group that is the primary source of the financial support needed for wildlife species is Hunters.
The main source of the financial support that the nation uses to fund wildlife conservation efforts to protect various wildlife species is hunting licenses.
Hunting licenses are issued to hunters so in effect, hunters are the chief financiers for conservation efforts. This is quite peculiar and one could say that it balances out the killing of animals by hunters.
In conclusion, the answer is hunters.
Find out more about hunters at https://brainly.com/question/978526.
what does it mean when the feds lower interest rates
Interest rates are lowered by the Fed in order to boost economic development. Reduced finance costs might entice people to borrow and invest. When interest rates are excessively low, however, they might stimulate excessive growth and perhaps inflation. On the other hand, if growth becomes excessive, the Fed will boost interest rates.
like hitler and mussolini, stalin was a totalitarian leader, even though his economic approach was different from germany and italy.
Answer:
yes this is true, although many of them had the same goal of conquering and taking resources from others all three went a different way of achieving this goal, mainly hitler and mussolini went about destroying everyone in sight and taking their lands and resources stalin built an iron wall around his home so that no one could get in or out, he did also conqueror a few areas but not as much as the other two.
Explanation:
On April 1, 1986, Casey deposited $1150 into a savings account paying 9.6%
interest, compounded quarterly. If he hasn't made any additional deposits or
withdrawals since then, and if the interest rate has stayed the same, in what
year did his balance hit $2300, according to the rule of 72?
Answer:4900
Explanation: it makes sence duh.
Susan would like to work on a class project alone, but her teacher asked the class to work in groups. How will Susan benefit from working with a team?
Independence
Increased creativity
Easy class credit
Easy decision making
Answer:
Easy decision making
Explanation:
Independence would not be it because Susan is in a group and the other two wouldn't be true because easy class credit would mean letting the rest of the group do the work, and increased creativity wouldn't be it because there would be other part of the group would be doing that two.