User Account

All Pages

Destroy in pursuit of that great sound system

Assignment Help Business Management
Reference no: EM133566720

You are interested in arranging financing to purchase a new car from Bloomington Cars, Inc. The car that you want has a sticker price of $42,000, an instant rebate of $3,500, a fair market value of $39,000, and a great sound system. The salesperson, while smoothing over his comb-over, taps his pinky ring on the hood of the car and tells you, "You picked the best car we have. I can also kick in a free Bloomington Cars coffee mug." Since you love the car, you hop up and down and say, "Sold! I'll take it." You sign a loan contract for 60 monthly payments based on a rate of 7.3% per year and drive home with your new car and coffee mug, listening to that great sound system. (Your market rate of return for the risks you pose for a car loan is 5.5%.)

What is your monthly payment ?

How much value did you destroy in pursuit of that great sound system and your free coffee mug ?

What would have been a "fair" monthly payment ?

Based on Questions #1 and #3, how much are you overpaying each month?

If you come to your senses in 12 months and realize what a bad deal you negotiated and would like to pay off this bad loan, how much do you owe?

How much interest will you pay in the first year of the loan?

Reference no: EM133566720

Questions Cloud

What are some personal biases that might interfere with : What are some personal biases that might interfere with your ability to build therapeutic relationships with clients? As you develop your professional identity
What are the main points that dr. schwartz makes about : What are the main points that Dr. Schwartz makes about inclusion How do you feel that her recommendations and suggestions help us to fulfill our mission
How does your textbook understanding of variability : How does your textbook understanding of variability and the computations of variance and standard deviation compare to the discussions of variability in any
What is risk and resiliency and why are lgbt youth at risk : What is risk and resiliency? Why are LGBT youth at risk and why? Why is adolescence a particularly vulnerable period? How are developmental milestones used
Destroy in pursuit of that great sound system : How much value did you destroy in pursuit of that great sound system and your free coffee mug. how much are you overpaying each month
Discuss aspects of a case formulation for psychodynamic : discuss aspects of a case formulation for Psychodynamic Psychotherapy using wheeler and knight case formulation and psychodynamic therapy algorithm
Identify relevant and reliable sources of data would consult : Identify and cite at least three relevant and reliable sources of data an epidemiological manager would consult when managing this outbreak.
Explain the od practitioner role in the process of entering : Explain the OD practitioner's role in the process of entering the organization and respecting the existing culture while concurrently recommending improvements
Construct a gantt chart using microsoft project : NG4S704 Project Management Theory and Practice, University of south wales - Critically deploy strategies in planning, designing, managing and executing

Reviews

Write a Review

Business Management Questions & Answers

  Negotiating and managing government

What, in your own opinion, are the key market differentiators for PBP? Describe your expertise in negotiating and managing government / public works clients.

  What ideas should you consider changing employee morale

What ideas should you consider motivating or changing employee morale that would encourage employees to stay longer in the job?

  Explain why the npv of a relatively long term project

Explain why the NPV of a relatively long term project is more sensitive to changes in the cost of capital than is the NPV of a short term project?

  What are the most important things for a leader to remember

If you were starting a restaurant, do you see any conflict between your desire to be as profitable as possible and your desire to pay employees a living wage.

  Main components of it infrastructure

In looking over the seven main components of IT infrastructure, List specific infrastructure (names of technologies and systems) you would incorporate into a new online bookstore.Make any assumptions you need to in order to carry out this assignme..

  Differences between systematic risks and unsystematic risks

Explain the differences between systematic risks and unsystematic risks. discuss two sources of systematic risks and two sources of unsystematic risks.

  What does leadership mean

What does leadership mean? Explain why leadership and management are different.

  Case study-zippy print enterprises ltd

Summarize the important facts (related to that area of the law). 3. State the main legal issue(s) (those that reflect the area of law above).

  How do you query fsmo roles using command line

What are 5 FSMO roles in AD? How do you query FSMO roles using command line? If a DC that holds an FSMO role fails, how do you seize the FSMO roles from

  What are the tax significances

Sally as well as bill are married and file joint returns. In 1010, Bill, an accountant has a salary of $75,000 and Sally receives salary of $25,000 as an apartment manager. What are the tax significances of the following benefits that Bill and Sal..

  Programming they have come to you for assistance

Because Bob, Mary, Pete, and Homer know you understand Linear Programming they have come to you for assistance.

  Discusses the competitive position of facebook

Discusses the competitive position of facebook. Start by identifying the different operating divisions (three divisions) of the company

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd