subject
Business, 21.03.2020 02:05 lucypackham9

"An engineering student bought a car at a local used car lot. Including tax and insurance, the total price was $15,000. He is to pay for the car in 13 equal monthly payments, beginning with the first payment immediately (the first payment is the down payment). Nominal interest on the loan is 12%, compounded monthly. After six payments he decides to sell the car. A buyer agrees to pay off the loan in full and to pay the engineering student $2000. If there are no penalty charges for this early payment of the loan, how much will the car cost the new buyer?"

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 01:00
Data pertaining to the current position of forte company are as follows: cash $437,500 marketable securities 170,000 accounts and notes receivable (net) 320,000 inventories 700,000 prepaid expenses 42,000 accounts payable 240,000 notes payable (short-term) 250,000 accrued expenses 310,000 required: 1. compute (a) the working capital, (b) the current ratio, and (c) the quick ratio. round ratios to one decimal place. 2. compute the working capital, the current ratio, and the quick ratio after each of the following transactions, and record the results in the appropriate columns of the table provided. consider each transaction separately and assume that only that transaction affects the data given. round to one decimal place. a. sold marketable securities at no gain or loss, 75,000. b. paid accounts payable, 135,000. c. purchased goods on account, 100,000. d. paid notes payable, 105,000. e. declared a cash dividend, 125,000. f. declared a common stock dividend on common stock, 45,000. g. borrowed cash from bank on a long-term note, 205,000. h. received cash on account, 130,000. i. issued additional shares of stock for cash, 635,000. j. paid cash for prepaid expenses, 15,000.
Answers: 3
question
Business, 22.06.2019 03:00
Working with a word processor requires more than just a knowledge of typing. a good word processor includes a number of tools designed to aid in formatting documents to meet the needs of the reader. in this project you will use your word-processing skills and a basic knowledge of apa style to format a research paper. the skills you will need for this project include the following: adjusting line spacing (double-spacing) breaking text into pages (page break) centering text changing the font, style, and size of the text editing text inserting page numbers inserting a table using spell check
Answers: 1
question
Business, 23.06.2019 06:30
Afinance company wants to upgrade its accounting software to a higher version. this version change requires a change in data formats. which method represents a change in data formats?
Answers: 1
question
Business, 23.06.2019 11:20
Security prices are set by active market participants. which of the following is not a consequnce of this fact? a. the market price will be set by the buyer who can take best advantage of the asset. b. the price is set by the buyer willing to pay the highest price. c. superior information about an asset can increase its value by reducing its risk. d. market participants have a strong incentive to reveal private information about a security.
Answers: 3
You know the right answer?
"An engineering student bought a car at a local used car lot. Including tax and insurance, the total...
Questions
question
Mathematics, 04.10.2021 20:10
question
Physics, 04.10.2021 20:10
question
Mathematics, 04.10.2021 20:10
question
Chemistry, 04.10.2021 20:10
Questions on the website: 13722360