What interest rate did you charge for financing the sale

Reference no: EM13271270

You recently sold an antique car you owned and valued greatly. However, you needed money and agreed to sell the car at a price of $48,000, to be paid in monthly payments of $1,200 each for 48 months. What interest rate did you charge for financing the sale?

Reference no: EM13271270

Questions Cloud

Explain a homogeneous mixture or a heterogeneous mixture : Classify each of the following as a compound, a homogeneous mixture, or a heterogeneous mixture. (a) wax (c) air (d) gasoline (e) iron(II) sulfide

How did implicit attitudes perhaps influence the school : How did implicit attitudes, perhaps, influence the school board's decision to punish such a disproportionate number of African-American students?

What is your total return for last year : You bought a share of 6.5 percent preferred stock for $87.40 last year. The market price for your stock is now $88.10. What is your total return for last year?

Find the effective resistance of parallel portion of circuit : Three 15-? resistors are connected in parallel. This arrangement is connected in series with a 10-? resistor. What is the effective resistance of the parallel portion of the circuit

What interest rate did you charge for financing the sale : You recently sold an antique car you owned and valued greatly. However, you needed money and agreed to sell the car at a price of $48,000, to be paid in monthly payments of $1,200 each for 48 months. What interest rate did you charge for financing..

Explain enthalpy of vaporization of water and the molar heat : The enthalpy of vaporization of water at 373 K and 1 bar is 40.7 kJ/mol and the molar heat capacities are 75.3 J/(mol K) for liquid and 33.6 J/(mol K) for gaseous water. Find the enthalpy of vaporization of water at 273 K and 1 bar.

Write an equation for the total cost function : Write an equation for the total revenue (TR) function in terms of Q, specify the marginal revenue function and write an equation for the total cost (TC) function in terms of Q

Calculate the dollar cost of each of the proposed plans : If the firm had made a purchase of $100,000 for which it had been given terms of 2/10 net 30, would it increase the firm's profitability to give up the discount and not borrow as recommended in part b? Why or why not?

Explain sf6 is sulfur heptafluoride : Correct the second part of each of the following statements. (Type your answer using the format copper(II) chloride for CuCl2, and CO2 for CO2.) (a) SF6 is sulfur heptafluoride. (b) Phosphorous pentachloride is Cl5P. (c) Carbon tetrachloride is CC..

User Account

All Pages