Suppose that Easy Auto offers an "easy payment scheme" on a used car of $5000 a year, paid the end of each of the next 4 years, with no cash down. What the car really cost you if the interest rate
charges on used car is 8% per annum?

Answers

Answer 1

The car will cost you a total of $22,616.20, including the interest charges, over the next 4 years under Easy Auto's "easy payment scheme".

To calculate the total cost, we can use the formula for the present value of an annuity due, which is:
PV = Pmt x [((1+i)^n - 1)/i] x (1+i)Where PV is the present value, Pmt is the periodic payment, i is the interest rate per period, and n is the total number of periods. In this case, Pmt is $5000, i is 8% per annum (or 4% per half year), n is 4 years (or 8 half years), and we need to adjust for the fact that the payments are made at the end of each year (not the beginning) by multiplying the result by (1+i). So, PV = $5000 x [((1+0.04)^8 - 1)/0.04] x (1+0.04) = $18,616.20.
Adding the original cost of the car ($5000) to the present value of the payments, we get a total cost of $22,616.20 over the next 4 years. This means that the interest charges on the car are $4616.20.

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Related Questions

Based on your car budget ($561.11), what is the most expensive car you can afford to buy or lease?
Prima
Diabalo
Yummer
Posh
Stallion
DMW
Coarser

Answers

Answer:

Coarser

Explanation:

Based on the car budget of $561.11, the most expensive car that can be afforded to buy or lease is Coarser.

What is a budget?

A budget is a calculating plan, typically financial but not always, for a specific time frame, mostly for one year or one month. Predicted sales and revenue amounts, resource quantities (such as time, costs, and expenses), environmental impacts (such as greenhouse gas emissions), other impacts, assets, liabilities, and cash flows are all possible inclusions in a budget.

In a budget, intended expenses are expressed together with suggestions for how to fund them. A budget can show a surplus of resources for later use or a deficit if expenses are greater than income or other resources.

Therefore, with a budget constraint of $561.11, the  most expensive car will be Coarser.

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20 POINTS FOR THE ANSWER
Choose a specific technological advancement from the list presented. Once you have chosen, research its impact on the evolution of media in relation to design. Make sure to cite your sources too!
Possible choices:
Johannes Gutenberg and the printing press
Pi Sheng and movable type
Saul Bass and movie credit design
Paul Rand and corporate identity systems
Digital printing
Digital photographic editing
Linotype typesetting machine

Answers

Digital printing is best used for items that require high amounts of detail and smaller quantity orders. Unlike conventional printing, there are no pre-press stages between the digital document files and the final product; there is also no need for messy formatting equipment like film plates or photo chemicals.

What is the evolution of printing?

The printing is credited as the earliest form and was first developed in China around 200AD. As the name suggests, it involves carving a design into a block of wood. Once the wood is carved, the raised part is then inked and paper is placed on top.

It's been 20 years since Israeli Benny Landa revolutionized the printing industry with the advent of digital printing, and industry watchers say the inventor may have repeated the feat with a new product unveiled.

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-the output is 1 million
-the equilibrium price of a one-year, $1000 bond is $950
-the money supply is 1 trillion
-the price level is 150
1. What is the interest rate in this economy?
a 4.67% b 5.52% c 5.26% d 5.76%

Answers

The interest rate in this economy Interest rate = 1000/Equilibrium price of bond - 1 = 1000/950 - 1 = 5.26%.

What is the current economic interest rate?

The amount that the lender charges the borrower over and beyond the principal amount is referred to as the interest rate. A person who deposits money in a bank or other financial institution also earns additional income in terms of the recipient, known as interest, taking into account the time value of money.

Why does the interest rate matter to the economy?

One of the most significant economic indicators is the interest rate since it affects people's propensity to borrow money. If interest rates are very high, borrowing money is expensive. It's significantly more affordable when they're low.

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According to the video, what are some decisions that Architects make? Check all that apply. how much money a building will be worth when finished what traffic patterns people will follow how people will feel when they enter or leave a building how many laborers are needed for a project where to put doors, walls, and windows what building materials to use which people will be allowed to enter a building

Answers

Answer:

2,3,5,6

Explanation:

Answer:

other guy is correct

Explanation:

what are three advantages of regional market integration that can result in cost savings to a business?

Answers

three advantages of regional market integration that can result in cost savings for a business are:

-Harmonized product standards

-Free movement of goods across borders

-Simplified tax regimes

Regional integration enables countries to avoid these costly divisions by linking the markets for goods, services, and factors, facilitating the mobility of people, ideas, capital, energy, and goods. Regional integration may be supported through shared institutional and physical infrastructure.

Nations can overcome divisions that obstruct the free flow of money, labor, goods, services, and ideas by integrating regionally. These divisions impede economic progress, especially in underdeveloped countries.

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How is a debit card different from a credit card?
A. A debit card is usually issued by a financial institution.
B. A debit card provides a way for people to make large purchases.
C. Spending on a debit card is limited to the funds available in an
account.
D. Spending can occur via a digital payment method.

Answers

Answer:

C

Explanation:

because thats wat ist is.- limited funds

examples of frictional force

Answers

Explanation:

I hope this would be the right answer....
examples of frictional force

Which person would be the best fit for a career in the Information Technology field?

Answers

A creative person with a flexible mind would be the best fit for a career in the Information Technology field. Thus, option C is correct.

The perfect candidate for a profession in information technology would correspond to a person that can learn quickly, is curious about cutting-edge ideas, and has the ability to think creatively and solve challenging issues. They should have great communication abilities, as well as an understanding of electronics and computer applications. They should also be ready to keep learning and stay current with emerging technological developments.

Therefore, option C is the correct option.

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The question is incomplete, the complete question is:

Which person would be the best fit for a career in the Information Technology field?

a social person with a logical mind

a confident person with a quick mind

a creative person with a flexible mind

a strong person with a methodical mind

The ______ environment is composed of segments external to an industry that are usually beyond a firm's control, such as demographics and economic factors, that can affect a firm's strategy.

Answers

Answer:

general

Explanation:

The explanation for a downsloping aggregate demand curve differs from the explanation for the downsloping demand curve for a single product because multiple choice 2 a downsloping, single-product demand curve assumes constant prices such that changes in income cause a substitution of a now relatively cheaper product for those whose prices have not changed. a downsloping aggregate demand curve assumes constant money income such that a lower price causes a substitution of the now relatively cheaper product for those whose prices have not changed. a downsloping aggregate demand curve assumes constant prices such that changes in income cause a substitution of a now relatively cheaper product for those whose prices have not changed. a downsloping, single-product demand curve assumes constant money income such that a lower price causes a substitution of the now relatively cheaper product for those whose prices have not changed.

Answers

Answer:

single-product demand curve assumes constant money income such that a lower price causes a substitution of the now relatively cheaper product for those whose prices have not changed.

Explanation:

When the aggregate demand curve i.e. downward sloping would be different to the demand curve for the single product i.e. also downward sloping is due to as the single product demand curve would assume that the income would be constant in such a way the less price would lead a substitution that the product is not expensive at all

So the above would be the reason  

A decrease in the demand for soft drinks due to changes in consumer tastes, accompanied by an increase in the supply of soft drinks as a result of reductions in input prices, will result in.

Answers

A decrease in soft drink demand due to shifts in consumer tastes, combined with an increase in soft drink supply due to lower input prices, will lead to a decrease in soft drink equilibrium price; the equilibrium quantity might very well increase or decrease.

The equilibrium price is the only price at which consumers' and producers' plans coincide—that is, the amount consumers desire to purchase of the good or service, quantity demanded, equals the number producers want to sell, quantity supplied. The equilibrium quantity is the name given to this common quantity. In any other cost, the quantity demanded doesn't really equal the quantity supplied, indicating that the market is not in equilibrium.

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The Federal Communications Commission (FCC) has hired you as a consultant to design an auction to sell wireless spectrum rights. The FCC indicates that its goal of using auctions to sell these spectrum rights is to generate revenue. Since most bidders are large telecommunications companies, you rationally surmise that all participants in the auction are risk neutral. Which auction type—first-price, second-price, English, or Dutch—would you recommend if all bidders value spectrum rights identically but have different estimates of the true underlying value of spectrum rights?

Kindly give a brief one-page description as part of the assignment.

Answers

For an auction to sell wireless spectrum rights where bidders are risk neutral but have different value estimates, a second-price auction is recommended to encourage truthful bidding and maximize revenue for FCC.

In the given scenario, where all participants in spectrum rights auction are risk neutral and value rights identically but have different estimates of true underlying value, the recommended auction is second-price auction.

The second-price auction encourages bidders to reveal their true valuation of spectrum rights because each bidder submits sealed-bid without knowing bids of others.

The bidder with highest valuation wins auction but pays price of second-highest bid. This format incentivizes bidders to bid their true value, as there is no benefit in strategically bidding lower.

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Blossom Company is considering an investment that will return a lump sum of $850,000 3 years from now. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount should Blossom Company pay for this investment to earn an 6% return? (Round answer to 2 decimal places, e.g. 25.25.)

Answers

Ale jak się okazało w Polsce dniu narty nie skierowane to dniu tym świecie i jest ogóle nie ma problemu z tym że nie ma przecieku co w wszystko jutrzejszym terminie

________ feasibility analysis is a quick financial assessment of the viability of a business idea.

Answers

Preliminary analysis is a quick financial assessment of the viability of a business idea.

Preliminary feasibility analysis is a crucial step in evaluating the viability of a business idea.It involves conducting a swift financial assessment to determine if the concept has the potential to be financially successful.This analysis typically focuses on key financial aspects such as estimated costs, projected revenues, and potential profitability.

By conducting a preliminary feasibility analysis, entrepreneurs can quickly gauge whether their business idea is worth pursuing further or if it requires further refinement or modification.

This assessment provides valuable insights into the financial feasibility of the concept and helps entrepreneurs make informed decisions regarding the viability of their business idea. It is an essential early-stage evaluation that aids in identifying potential risks, opportunities, and the overall attractiveness of the proposed business venture.

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Hall, a divorced person and custodian of her 12-year-old child, filed her 2021 federal income tax return as head of a household. She submitted the following information to the CPA who prepared her 2021 return: The divorce agreement, executed in 2016, provides for Hall to receive $3,000 per month, of which $600 is designated as child support. After the child reaches 18, the monthly payments are to be reduced to $2,400 and are to continue until remarriage or death. However, for the year 2021, Hall received a total of only $5,000 from her former husband. Hall paid an attorney $2,000 in 2021 in a suit to collect the alimony owed. In June 2017, Hall's mother gifted her 100 shares of a listed stock. The donor's basis for this stock, which she bought in 1985, was $4,000, and market value on the date of the gift was $3,000. Hall sold her stock in July 2017 for $3,500. The donor paid no gift tax.During 2017, Hall spent a total of $1,000 for state lottery tickets. Her lottery winnings in 2017 totaled $200.Hall earned a salary of $25,000 in 2017. Hall was not covered by any type of retirement plan, but contributed $2,000 to an IRA in 2017.In 2017, Hall sold an antique that she bought in 1995 to display in her home. Hall paid $800 for the antique and sold it for $1,400, using the proceeds to pay a court‐ordered judgment.Hall paid the following expenses in 2017 pertaining to the home that she owns: realty taxes, $3,400; mortgage interest, $7,000; casualty insurance, $490; assessment by city for construction of a sewer system, $910; interest of $1,000 on a personal, unsecured bank loan, the proceeds of which were used for home improvements. Hall does not rent out any portion of the home. Hall's $2,000 contribution to an IRA should be treated as
a. A deduction from adjusted gross income not subject to the 2% of adjusted gross income floor.
b. A deduction from adjusted gross income subject to the 2% of adjusted gross income floor.
c. An adjustment to income in arriving at adjusted gross income.
d. Non-deductible, with the interest income on the $2,000 to be deferred until withdrawal.

Answers

The $2000  contribution to an IRA should be treated as an An adjustment to income in arriving at adjusted gross income.

The reason Hall has to go with this option

The individuals that are not in a retirement plan of a company have the option of deducting their cash contributions to their own retirement accounts.

They are able to do this given that the money is 6000 dollars or a hundred percent of their gross income.

Taxes are not paid on interest in this type of account till the earnings from the retirement plan is distributed.

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Unit contribution margin divided by the constrained resource per unit is the formula for computing:



a. The optimal number of units that should be manufactured.


b. Degree of operating leverage.


c. Contribution margin per unit of constrained resource.


d. Sales mix

Answers

Unit contribution margin divided by the constrained resource per unit, which is used for computing the contribution margin per unit of constrained resource. The correct option is c.

The formula "Unit contribution margin divided by the constrained resource per unit" is used to calculate the contribution margin per unit of the constrained resource. The constrained resource is the resource that limits the production of a product or service, such as a machine, labor, or raw material.

By calculating the contribution margin per unit of the constrained resource, a business can determine which products or services generate the highest profit contribution for each unit of the constrained resource used. This information can be used to make decisions about how to allocate the constrained resource among different products or services, to maximize profitability.

The optimal number of units that should be manufactured would require additional information beyond the formula given. The degree of operating leverage is calculated by dividing the contribution margin by the operating income, and the formula given does not include any information about operating income. Sales mix refers to the relative proportion of different products or services sold and is not related to the formula provided.

The correct option is c.

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Given an actual demand of 63 a previous forecast of 58 and an alpha of .3 what would the forecast for the next period be using simple exponential smoothing ?

Answers

Answer:

The forecast for the next period based on simple exponential smoothing is 59.50

Explanation:

In determining the forecast for the period using the exponential smoothing approach, the below formula is of utmost importance:

forecast=(α*prior period actual)+(1-α)*prior period forecast

α =alpha=smoothing constant =.3

prior period actual=63

prior period forecast=58

forecast for the next period=(.3*63)+(1-.3)*58

forecast for the next period=18.90+40.60

forecast for the next period=59.50


What is an example of a common part of a company's brand that would be represented in television
commercials?

Answers

Answer:

logos, product, company's name, :DDD and endorsers

Information ads help supply _?_that help you learn about and compare products and services.
a. suggestions
C. ideas
b. thoughts
d. facts
Please select the best answer from the choices provided
A
B
С
D

Answers

Answer:

a is your answer

Explanation:

ok so plz do not take these points.
if ur reading this plz listen to ghost by badflower and then answer and tell me what u think and if u have also recently felt like that.

Answers

Answer:

its a good song i think its touching and yes i have recently felt like that.

Explanation:

Imagine that you are an economic policymaker for a small developing nation. Use what you have learned about public policy, entrepreneurship, and microenterprise to craft a proposal for legislation that will support and sustain youth entrepreneurship. In particular, consider policies and programs that will encourage young people to start small businesses that are both economically and socially beneficial.

Answers

A young mind is very inventive in its thinking. The youngsters is intelligent its well in technology. Everyone is concerned with developing their careers, making good money, and living happy lives.

What is a policymaker's function?

A political leader is a person who develops concepts and strategies, particularly those used by an organization or a government. The President, a school administration, a bank's board members, and a mayor are all examples of policy makers. These plans that a firm or government adheres to are thought to as policy.

What is definition of policymaker ?

Someone who makes decisions about new policies, particularly in a political or political party: US policymakers are compelled to make challenging decisions.

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the net effect of most of franklin roosevelt's early foreign policy moves was that

Answers

The net effect of most of Franklin Roosevelt's early foreign policy moves was to remove the United States from a position of isolationism and to actively intervene in global affairs.

Franklin D. Roosevelt was the United States' thirty-second president. Before he became president in 1933, the United States had chosen to isolate itself from global events after World War I. Roosevelt was elected to three presidential terms and, with his New Deal and foreign policy interventions, transformed the role of the federal government during the Great Depression.

Roosevelt started taking a number of actions on foreign policy very early in his presidency. In 1933, he announced that the United States would cease participation in the London Economic Conference and seek to increase trade outside of Europe. He also recognized the Soviet Union in 1933 and extended diplomatic recognition to the Communist government.The United States would no longer be a country of isolationism as a result of Roosevelt's early foreign policy actions. As a result of Roosevelt's actions, the US would become increasingly engaged in global affairs, with Roosevelt at the helm.

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today is the worst day ever.
my school has two options; you do work online or in person.
im on my period today and it hurts a LOT. this is the first time it hurts this bad that I can't even stand up. not to mention i also feel like vomiting.
i usually go to school in person. yes, ik about corona-virus. my mom doesn't care.
i told her if today i can stay home and shes angry, shes complaining about my studies and how my cousins are better than me. honestly i cant put up with this. what do i do?

Answers

Answer:

first you need to claim yourself first

love yourself drinking water will help you feel good and comfortable be cozy and listen to peaceful song

lots of love

Is this Claudia Conway?
Is Kellyanne (aka...your mom) holding you hostage?
Reply in Morse code if help is needed.

If my revenue is one million and my expenses are 1,386,000, what's my profit in percentage

Answers

The profit in percentage given the revenue and the expenses is -38.60%

What is the profit in percentage?

Percentage is the fraction of a number expressed as a value out of 100. The sign that is used to represent percentage is %. In order to convert a number to percentage, multiply by 100.

Profit is the difference between revenue and expenses. Revenue is the total income earned by a company before any deductions are made. Expenses include all the cost incurred in running a business.

Profit = revenue - expenses

1,000,000 - 1,386,000 = -386,000

Profit in percentage = (profit / revenue) x 100

(-386,000 / 1,000,000) x 100 = -38.6%

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If a company transports its products to a foreign market for sale, which type of global business is being conducted?

Answers

When a company transports its products to a foreign market for sale, this global business is called exporting.

Most firms start their global business by utilizing the process of transporting the products to foreign markets for developing and expanding their business. Exporting is the simplest type of global business and a conventional entering strategy to foreign markets.

Exporting can be described as the advertising and selling of products created in one country into another. While no immediate assembling is expected in an abroad country, critical interests in promoting are required.

Exporting can be carried out using either a direct or indirect method i.e., through an agent. Whereas, selling the products in a foreign market is a customary and deeply grounded technique for arriving at unfamiliar business sectors.

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is the economy currently operating in the keynesain, intermediate or neoclasical portion of the economy's aggregate supply curve?

Answers

The economy is currently operating in the intermediate portion of the economy's aggregate supply curve.

The intermediate portion of the economy's aggregate supply curve is a region in which an economy's economy experiences a mixed response to fluctuations in the demand for goods and services. This stage is distinguished by a few characteristics, including the presence of supply constraints, rising prices, and a decline in output.In addition, the intermediate stage is where an economy reaches full employment, implying that any additional demand growth causes an increase in production costs, resulting in inflation. Consequently, while employment is at its maximum level, the economy's productive capability is limited by supply restrictions that cause prices to rise. The intermediate period is often a transition phase, with a large-scale shift to the neoclassical or Keynesian regions occurring in the future, depending on how the economy reacts to a given shock.

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If you could franchise a business - what business would you choose? (2-3 sentences)

Answers

Answer:

I would choose the Franchise Dunkin Donuts since many people get hungry in the morning. And since plenty of people work in the day times. It would be a mastermind full proof plan of sweet success.

Explanation: In Russia dog does not eat your homework, I do.

Is a business plan a one time fee?

Answers

Answer:

i think so :)

Explanation:

on january 3, 2021, madison corp. purchased 30% of the voting common stock of huntsville co., paying $3,000,000. madison decided to use the equity method to account for this investment. at the time of the investment, huntsville’s total stockholders’ equity was $8,000,000. madison gathered the following information about huntsville’s assets and liabilities:

Answers

The amount of goodwill associated with the investment is: C. $336,000.

Amount of goodwill

First step is to calculate the Identifiable Excess Paid

Buildings=$600,000 − $400,000 = $200,000

Equipment=$1,400,000 − $1,200,000 = $200,000

Franchises =$480,000 − 0 = $480,000

Identifiable Excess Paid=($200,000 + $200,000 + $480,0000)×30%

Identifiable Excess Paid= $880,000 × 30%

Identifiable Excess Paid = $264,000

Second step is to calculate the book value

Book value=$8,000,000 × 30%

Book value= $2,400,000

Third step is to calculate the goodwill

Good will=$3,000,0000-$2,400,000-$264,000

Goodwill=$336,000

Therefore the amount of goodwill associated with the investment is: C. $336,000.

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The complete question is:

On January 3, 2021, Madison Corp. purchased 30% of the voting common stock of Huntsville Co., paying $3,000,000. Madison decided to use the equity method to account for this investment. At the time of the investment, Huntsville's total stockholders' equity was $8,000,000. Madison gathered the following information about Huntsville's assets and liabilities:

Book Value Fair Value Buildings (10-year life)$400,000 $600,000 Equipment (5-year life) 1,200,000 1,400,000 Franchises (8-year life)$0 $480,000

For all other assets and liabilities, book value and fair value were equal. Any excess of cost over fair value was attributed to goodwill, which has not been impaired.

What is the amount of goodwill associated with the investment?

A. $264,000.

B. $600,000.

C. $336,000.

D. $480,000.

E. $0.

according to the five forces model, _______ levels of competition for customers translate to _______ levels of profit in the industry.. a. greater lower O b. lower; lower Ocgreater, equal O d. greater, higher Oe. lower, equal

Answers

According to the five forces model, lower levels of competition for customers translate to higher levels of profit in the industry. This is because when there is less competition, companies have more pricing power and can charge higher prices without losing customers to competitors.

This leads to increased profitability for the industry as a whole. On the other hand, when there is greater competition, companies must lower their prices to remain competitive, resulting in lower profit margins.

Additionally, increased competition can lead to higher costs for companies, such as increased advertising and marketing expenses, further cutting into profits. Overall, lower levels of competition allow companies to operate more efficiently and effectively, leading to higher profits.

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