User Account

All Pages

The loan to finance this will have rate of 7125 apr

Assignment Help Microeconomics
Reference no: EM13389057

Veronica has saved $5,000 that will be a down payment on a new car that can be purchased for $38,000.

a The loan to finance this will have a rate of 7.125% APR compounded monthly. What will the monthly payments on the car be if the loan is for 4 years?

b How long would it take to pay off the loan if she would pay $1,000 monthly?

c Veronica has been offered a lease for this car with payments of $600 a month for 5 years. There would not be any down payment. As happens with leases, she would essentially receive the full value of the car today and she would return the car to the dealer at the end of the lease (essentially paying out the value of the car at that time).

The value of this car in 5 years, with no damage or excessive mileage, is expected to be $12,000. What APR with monthly compounding would she be paying?

Reference no: EM13389057

Questions Cloud

Jhn doe has developed the financial retirement strategy : john doe has developed a financial retirement strategy. his plan is to invest in somewhat risky stocks for 15 years
Write down a 700- to 1050-word summary of teams discussion : write down a 700- to 1050-word summary of teams discussion about ifrs v. gaap based on your team collaborative
In january 2012 teresa leal was named treasurer of casa de : in january 2012 teresa leal was named treasurer of casa de diseno. she decided that she could best orient herself by
Identify the basic organization design issues at : 1.identify the basic organization design issues at unilever.2.what seems to account for the frequent changes in
The loan to finance this will have rate of 7125 apr : veronica has saved 5000 that will be a down payment on a new car that can be purchased for 38000.athe loan to finance
As part of the management team for ppq parts manufacturing : consider the following scenario as part of the management team for ppq parts manufacturing company you are tasked with
Renfro rentals has issued bonds that have a 8 coupon rate : wilson wonderss bonds have 7 years remaining to maturity. interest is paid annually the bonds have a 1000 par value and
A bond that has a 1000 par value face value and a contract : a. a bond that has a 1000 par value face value and a contract or coupon interest rate of 11.8. the bonds have a current
Define term population at risk and point to which of : twenty-five children in fallsburg elementary school with a population of 60 pupils received their immunization against

Reviews

Write a Review

Microeconomics Questions & Answers

  To calculate the opportunity cost

If a country is currently producing 11 units of health care and 16 units of education. what is the  opportunity cost of producing 5 more units of education?

  Explain the effects in the markets for corn

ethanol is a motor fuel manufactured from corn, barley, or wheat, and it can be used to power the engines of many autos and trucks. suppose that the government decided to probide a large per-unit subsidy to ethanol producers.

  Plot a graph of gdp per capita against life expectancy

Plot a graph of GDP per capita against life expectancy for the countries shown. Does your plot con?rm the Pritchett and Summers ?nding?

  The following production table provides estimates of the

the following production table provides estimates of the maximum amounts of output possible with different combinations

  Determine policy whi is to impose larger financial penalties

the United States has been subject to increases in the illegal immigration of workers from Mexico, most of them unskilled, and the government has considered ways to reduce the flow. One policy is to impose larger financial penalties on employers wh..

  Define analytically the firms strategies

What is the condition that δ has to satisfy in order for the collusion to be sustained in both states and which can be sustained in equilibrium and gives the highest intertemporal profit?

  At what level of dollar sales will the home office systems

The advertising and promotion budget contained three elements: trade magazine advertising, cooperative newspaper advertising with Century Office Systems, Inc. dealers, and sales promotion materials including product brochures

  Explain the nature of the deadweight losses that occur from

Explain the nature of the deadweight losses that occur from a tariff.

  Although new york state is second only to washington state

although new york state is second only to washington state in production of apples its production has been declining

  Discuss firms activities outside the u.s

Discuss the firm's activities outside the U.S and identify which economic concepts, such as comparative advantage, apply to your firm.

  What is the relationship between economies of scale and a

what is the relationship between economies of scale and a natural monopoly? what is simultaneous consumption and

  Why arent wages falling so to clear market in equilibrium

Efficiency wage models are sometimes used to explain the existence of involuntary unemployment in the labour market. Provide a short description of the shirking model. Why can it be in a firm's interest to increase the wage above what is paid by o..

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