Homework Answers
Add Answer to:
2. Assume the original price of the smartphone was p dollars, and Heather made a 20%...
1. Heather want to purchase a new smartphone. The price of the smartphone with tax is...
1. Heather want to purchase a new smartphone. The price of the smartphone with tax is $799.00. If she can save $45 per month, how long will it take her to save up for the smartphone? A. 7 months B. 10 months C. 16 months D. 18 months E. 20 months
Comparing Tractor Financing Options After land, machinery is often the largest single investment on a farm. Many dollars can be saved by carefully exploring all options for acquiring machinery. The ob...
Comparing Tractor Financing Options After land, machinery is often the largest single investment on a farm. Many dollars can be saved by carefully exploring all options for acquiring machinery. The objective of this exercise is to compare three different plans for financing the purchase of a new tractor. Financing Options A new tractor can be acquired by: Outright purchase for cash, at a cost of $64,500. Purchase by an installment contract with a down payment of 20% of the purchase...
Purchase Price $33,500.00 Finance Rate Table less Term No Rebate Rebate Down Payment $3,500.00 1...
Purchase Price $33,500.00 Finance Rate Table less Term No Rebate Rebate Down Payment $3,500.00 1 12.50% 19.70% Trade-in Value $4,500.00 2 14.90% 20.90% Rebate $1,000.00 3 17.30% 22.10% 4 18.50% 23.30% Loan Amount $24,500.00 5 19.70% 24.50% --------------------Term of Loan----------------------- 1 2 3 4 5 Finance Rate 19.70% 20.90% 22.10% 23.30% 24.50% Monthly Payment $2,266.03 $1,257.75 $936.93 $789.29 $711.94 Total Payment $27,192.35 $30,185.89 $33,729.63 $37,886.09 $42,716.61 Finance Charge $2,692.35 $5,685.89 $9,229.63 $13,386.09 $18,216.61 Please answer the following...
please answer all the questions Question 2 Not yet answered Marked out of 7.00 P Flag...
please answer all the questions
Question 2 Not yet answered Marked out of 7.00 P Flag question Sam Salvetti is planning to retire in 15 years. Money can be deposited at 10% compounded quarterly. What quarterly deposit must be made at the end of each quarter until Sam retires so that he can make a withdrawal of $4200 semiannually over the first five years of his retirement? Assume that his first withdrawal occurs at the end of six months after...
(24-25). You are buying a house for $120,000. With a 20% down payment, the lender will...
(24-25). You are buying a house for $120,000. With a 20% down payment, the lender will finance the remainder of the purchase price with a 30 year CPM with bi-weekly payments at 7% annual rate. (hint: there are 26 bi-weekly periods in one year) 24. Approximately how many payments does it take to reduce the loan balance to $60,000? a. 296 b. 362 c. 484 d. 578 25. If at the end of year 5 you made one payment of...
You are looking at buying a home with an asking price of $225,000. Since the market...
You are looking at buying a home with an asking price of $225,000. Since the market is hot, you plan to put in an offer for full asking price. You also plan to put a $45,000 down payment and finance the remainder. Your bank is offering you a 30-year loan at 4.125% APR (compounded monthly). Assume your first payment is made one month from today. a. What would be your monthly loan payment? b. Assuming you paid all of your...
Can Abigail and Alexander Afford This Home Using the Installment Debt Loan Criterion? Next week, your...
Can Abigail and Alexander Afford This Home Using the Installment Debt Loan Criterion? Next week, your friends Abigail and Alexander want to apply to the Third Universal Bank for a mortgage loan. They are considering the purchase of a home that is expected to cost $215,000. Given your knowledge of personal finance, they've asked for your help in completing the Home Affordability Worksheet that follows. (Note: When completing the form, round each dollar amount to the nearest whole dollar.) To...
Can Jacob and Madison Afford This Home Using the Installment Debt Loan Criterion? Next week, your...
Can Jacob and Madison Afford This Home Using the Installment Debt Loan Criterion? Next week, your friends Jacob and Madison want to apply to the Tenth National Bank for a mortgage loan. They are considering the purchase of a home that is expected to cost $185,000. Given your knowledge of personal finance, they've asked for your help in completing the Home Affordability Worksheet that follows. (Note: When completing the form, round each dollar amount to the nearest whole dollar.) To...
Price (dollars per bouquet) The supply of roses in the United States is made up of...
Price (dollars per bouquet) The supply of roses in the United States is made up of U.S. grown roses and imported roses. With no international trade, the price is $30 a bouquet and 300,000 bouquets a year are produced S+quota The graph shows the U.S. market for roses when the U.S. government puts an import quota on roses. The U.S. consumer surplus that is redistributed to U.S. producers is and the import quota creates a deadweight loss equal to 1...
COMPARING TRACTOR FINANCING OPTIONS After land, machinery is often the largest single investment on a farm....
COMPARING TRACTOR FINANCING OPTIONS After land, machinery is often the largest single investment on a farm. Many dollars can be saved by carefully exploring all options for acquiring its use. The objective of this exercise is to compare three different plans for financing the purchase of a new tractor Financing Options A new tractor can be acquired by: 1. Outright purchase for cash, at a cost of $64,500. 2. Purchase by an installment contract with a down payment of 20...
1. Heather want to purchase a new smartphone. The price of the smartphone with tax is $799.00. If she can save $45 per month, how long will it take her to save up for the smartphone? A. 7 months B. 10 months C. 16 months D. 18 months E. 20 months
please answer all the questions
Question 2 Not yet answered Marked out of 7.00 P Flag question Sam Salvetti is planning to retire in 15 years. Money can be deposited at 10% compounded quarterly. What quarterly deposit must be made at the end of each quarter until Sam retires so that he can make a withdrawal of $4200 semiannually over the first five years of his retirement? Assume that his first withdrawal occurs at the end of six months after...
Can Abigail and Alexander Afford This Home Using the Installment Debt Loan Criterion? Next week, your friends Abigail and Alexander want to apply to the Third Universal Bank for a mortgage loan. They are considering the purchase of a home that is expected to cost $215,000. Given your knowledge of personal finance, they've asked for your help in completing the Home Affordability Worksheet that follows. (Note: When completing the form, round each dollar amount to the nearest whole dollar.) To...
Can Jacob and Madison Afford This Home Using the Installment Debt Loan Criterion? Next week, your friends Jacob and Madison want to apply to the Tenth National Bank for a mortgage loan. They are considering the purchase of a home that is expected to cost $185,000. Given your knowledge of personal finance, they've asked for your help in completing the Home Affordability Worksheet that follows. (Note: When completing the form, round each dollar amount to the nearest whole dollar.) To...
Price (dollars per bouquet) The supply of roses in the United States is made up of U.S. grown roses and imported roses. With no international trade, the price is $30 a bouquet and 300,000 bouquets a year are produced S+quota The graph shows the U.S. market for roses when the U.S. government puts an import quota on roses. The U.S. consumer surplus that is redistributed to U.S. producers is and the import quota creates a deadweight loss equal to 1...
COMPARING TRACTOR FINANCING OPTIONS After land, machinery is often the largest single investment on a farm. Many dollars can be saved by carefully exploring all options for acquiring its use. The objective of this exercise is to compare three different plans for financing the purchase of a new tractor Financing Options A new tractor can be acquired by: 1. Outright purchase for cash, at a cost of $64,500. 2. Purchase by an installment contract with a down payment of 20...
Most questions answered within 3 hours.
-
A 8.62 -m ladder with a mass of 21.1 kg lies flat on the ground.
A...
asked 13 seconds from now -
A mixture contains 5.432 g of
sand and 2.521 g of salt. What is the percentage...
asked 59 seconds ago -
What problem would arise from this vanadium-based treatment over
the course of a lifetime in diabetes
asked 51 seconds from now -
Homework: Create a Class.... from scratch
Design , implement and test a class that can be...
asked 14 minutes ago -
A project has a service life of five years with the initial
investment outlay of $200,000....
asked 10 minutes ago -
Employee develop involves longer term training and opportunities
that while not immediately needed on a current...
asked 10 minutes ago -
Why is the reticulum the affected compartment of the
stomach?
Group of answer choices
It has...
asked 12 minutes ago -
(Print distinct numbers) C++
Write a program that reads in 10 numbers and displays distinct
numbers...
asked 13 minutes ago -
A 3.0275 g sample of KHP (a primary standard, 1:1 acid:base,
FM=204.23 g/mol) is titrated with...
asked 18 minutes ago -
1. You need to make an aqueous solution of
0.165 M barium acetate for an
experiment...
asked 18 minutes ago -
Let X be a discrete random variable with the following PMF.
Px(k) =
1/4 for k...
asked 22 minutes ago -
ONLY use the information provided here on the
firm's Mission Statement. Written assessment must include
(1)...
asked 32 minutes ago