How much would the car have cost

Reference no: EM131785408

Question: A collector made a $10,000 down payment for a classic car and agreed to make 18 quarterly payments of $1500 at the end of each quarter. If money is worth 8%, compounded quarterly, how much would the car have cost if the collector had paid cash?

Reference no: EM131785408

Questions Cloud

What is its gross income for the year : It purchased equipment normally selling for $10,000 at a 20% discount. Based on these facts, what is its gross income for the year

How much must be deposited originally : An accountant wants to withdraw $3000 from an investment at the beginning of each quarter for the next 15 years. How much must be deposited originally.

Compute the the corporation taxable income : A corporation's taxable income before the divdends received deduction (DRD) is $40,000. The corporation's taxable income (loss)after the DRD is

Analyze my capitated managed care agreement : Analyze my capitated managed care agreement with the city. Using differential cost analysis for 2010 data

How much would the car have cost : A collector made a $10,000 down payment for a classic car and agreed to make 18 quarterly payments of $1500 at the end of each quarter.

Computer licensing rights were purchased this year : Computer licensing rights were purchased this year on January 1 for $66,000. The rights are expected to have a six-year useful life to the company

Compute the operating leverage for varner inc : Compute the operating leverage for Varner Inc. and King Inc. If required, round to one decimal place

What size payments will enable to reach the goal : A couple would like to have $50,000 at the end of 4½ years. They can invest $10,000 now and make additional contributions at the end of each quarter.

Find the torque-frequency curve for the system : A torsional system with a torsional damper is shown in Figure. Determine the torque-frequency curve for the system.

User Account

All Pages