Take out an auto loan for the remainder

Assignment Help Business Management
Reference no: EM132829251

You intend to purchase a new car upon graduation in two years. It will have a cost of RM29,371, including all extra features and sales tax. You just received a RM3,000 pre-graduation gift from your rich uncle that you intend to deposit in a money market account that pays 6% interest, compounded monthly. If you use the amount in the money market account for a down payment, and take out an auto loan for the remainder, how much will you need to borrow? (Round to the nearest dollar.)

Reference no: EM132829251

Questions Cloud

What is the total loss on realization : Andres, Tomas and Moises are partners of ATM partnership. What is the total loss on realization if Moises received P25,000 in final settlement.
Most significant environmental issues facing the community : List the three most significant environmental issues facing the community (cite your sources when referring to websites or articles).
Describe types of speaking by addressing an issue : Public speaking is different from conversation. Explain differences and similarities of these two types of speaking by addressing an issue from your personal.
What are three path to happiness describe by martin seligman : What are the three paths to happiness described by Martin Seligman, and which ones are the ones most closely related to our perspective
Take out an auto loan for the remainder : You intend to purchase a new car upon graduation in two years. It will have a cost of RM29,371, including all extra features and sales tax.
What is the amount of K-Lashes Company stockholders Equity : The total assets of K-Lashes Company are $600,000 and its liabilities are equal to 2/3 of its total assets. What is the amount of K-Lashes Company stockholders
Describe the economic effects of the researched issues : Analyze the most significant economic effects of the researched issues on the health care industry. Provide at least two examples of these issues to support.
Identify the customer and problem : Describe a primary decision maker in your target segment: who are they? what they like? how they make buying decisions?
What is activity based product costing : What is activity based product costing? What are the six steps that define the design of an activity based costing system

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

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!

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