subject
Business, 02.11.2020 17:20 21hendlill

4.Don James purchased a new automobile for $20,000. Don made a cash down payment of $5,000 and agreed to pay the remaining balance in 30 monthly installments, beginning one month from the date of purchase. Financing is available at a 24% annual interest rate. Required: Calculate the amount of the required monthly payment. Lang Warehouses borrowed $100,000 from a bank and signed a note requiring 20 annual payments of $13,388 beginning one year from the date of the agreement. Required: Determine the interest rate implicit in this agreement.

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 21:50
scenario: hawaii and south carolina are trading partners. hawaii has an absolute advantage in the production of both coffee and tea. the opportunity cost of producing 1 pound of tea in hawaii is 2 pounds of coffee, and the opportunity cost of producing 1 pound of tea in south carolina is 1/3 pound of coffee. which of the following statements is true? a. south carolina should specialize in the production of both tea and coffee. b. hawaii should specialize in the production of tea, whereas south carolina should specialize in the production of coffee. c. hawaii should specialize in the production of coffee, whereas south carolina should specialize in the production of tea. d. hawaii should specialize in the production of both tea and coffee.
Answers: 1
question
Business, 23.06.2019 12:50
Can you see any pitfalls or disadvantages to using feedly to organize your online content sources?
Answers: 1
question
Business, 23.06.2019 20:00
The secret to effective sales is to have a unique selling proposition. good personality.
Answers: 1
question
Business, 24.06.2019 00:30
What type of business is strong steel manufactures? a. corporation b. partnership c. proprietorship
Answers: 1
You know the right answer?
4.Don James purchased a new automobile for $20,000. Don made a cash down payment of $5,000 and agree...
Questions
question
History, 11.05.2021 01:00
question
Biology, 11.05.2021 01:00
question
History, 11.05.2021 01:00
question
History, 11.05.2021 01:00
Questions on the website: 13722360