![mooncake9090](/avatars/33381.jpg)
mooncake9090
21.01.2021 •
Business
Mr. Brown wants to buy a Tesla Model S car, whose price is $100, 848. The dealer offers a loan plan: $30, 000 downpayment, $X at the end of year 1, year 2, year 3, and year 4. Assume the constant annual interest rate is 25%. (a) What is X
Solved
Show answers
More tips
- F Food and Cooking How to properly cook shrimp: tips from professionals...
- C Computers and Internet How to Choose a Laptop: Expert Guide and Tips...
- C Computers and Internet How to Choose a Monitor?...
- H Horoscopes, Magic, Divination Where Did Tarot Cards Come From?...
- S Style and Beauty How to Make Your Lips Fuller? Ideas and Tips for Beautiful Lips...
- C Computers and Internet How to Learn to Type Fast?...
- A Art and Culture Who Said The Less We Love a Woman, the More She Likes Us ?...
- F Family and Home How to Get Rid of Your Neighbors?...
- S Society and Politics How Could Nobody Know About the Dead Mountaineers?...
Answers on questions: Business
- B Business let london manufacture those fabrics of hers to her heart s content; holland her chambrays [a fine lightweight woven fabric]; florence her cloth; the indies their...
- B Business You are the project manager working on a research project for a new drug treatment. your preliminary project schedule runs past the due date for a federal grant application....
- B Business Bo signs a lease with capri apartments to lease a studio apartment for the next year for $650 per month. bo and capri have executed a(n): a) no contract. b) express...
- B Business When a firm advertises a product, it is trying to shift the demand curve for the product to the and make it more a. right; inelastic b. left; inelastic c. left; elastic...
- B Business Moss county bank agrees to lend the sadowski brick company $500,000 on january 1. sadowski brick company signs a $500,000, 6%, 9-month note. the entry made by sadowski...
- B Business Anastasia, a regional manager, started a project three years ago while riding high on the success of several other projects that had earned her a name within the company...
- B Business Demand-pull inflation: a) is also called cost-push inflation. b) occurs when total spending exceeds the economy s ability to provide output at the existing price level....
- B Business Aproportional income tax is one that taxes income at a. a constant rate, regardless of the level of income b. an average rate, as income increases c. an average rate,...
- B Business Beverly is assessing the results of a new product launch of a series of e-books for her bookstore. when evaluating the results, beverly will likely consider all of...
- B Business What is an Incentive?...
Ответ:
X is $30,000
Explanation:
First, we need to calculate the Amount ofLoan
Amount of Loan = Car price - Down payment = $100,848 - $30,000 = $70,848
This is the situation of annuity payment for 4 years at a 25% interest rate with equal annuity payment each year.
Now we will use the following formula to calculate the value of X
PV of Annuity = Annuity payment x ( 1 - ( 1 + interest rate )^-numbers of years ) / Interest rate
Where
PV of Annuity = Amount of Loan = $70,848
Interest rate = 25%
Numbers of years = 4 years
Annuity Payment = X = ?
Placing values in the formula
$70,848 = X x ( 1 - ( 1 + 25% )^-4 ) / 25%
$70,848 = X x 2.3616
X = $70,848 / 2.3616
X = $30,000
Ответ:
Sample Response: The windsurfer, his board, and the air and water around him are all made of matter. That matter is made up of very small particles called atoms.
Explanation: