What is the apr of the loan

Assignment Help Business Management
Reference no: EM132635081

You have arranged for a loan on your new car that will require the first payment today. The loan is for $41,000, and the monthly payments are $715. If the loan will be paid off over the next 74 months, what is the APR of the loan?

Reference no: EM132635081

Questions Cloud

Explain how the payments would be treated for tax purpose : Calculate the tax (benefit) to Mark (Elizabeth) if the payments qualify as part of the alimony payments. Assume that Mark has a marginal tax rate of 20 percent
Find percentage increase in the net worth : Suppose that Intel is currently selling at $40 per share. You buy 250 shares by using $7,500 of your own money and
What ethical conflicts are raised in this setting : Imagine that a nurse is pressed for time in a hospital setting. What are some of the ways he or she can maintain efficiency while still respecting the autonomy.
Would such financial statements be true and fair and explain : Would such financial statements be true and fair if the assets were disclosed at a total of $927.5 million? analyse the Australian Conceptual Framework
What is the apr of the loan : If the loan will be paid off over the next 74 months, what is the APR of the loan?
Determine the maximum exchange ratio : Use the following information to answer question 3.1 to 3.3:Links Ltd., a logistics company, is considering buying a smaller
How bank should mitigate risks : You are treasurer of a bank, in your bank Advance to deposit ratio is high (70%), investment to deposit ratio is low (30%).
What is the present value of the annuity : What is the present value of the following annuity? $171 every quarter year at the end of the quarter for the next 6 years
Prepare journal entry for sockets third installment payment : Little Company borrowed $48,000 from Sockets on January, Prepare the journal entry for Sockets' third installment payment received on December 31, 2023.

Reviews

Write a Review

Business Management Questions & Answers

  What are the general properties of nash equilibria

What are the general properties of Nash equilibria in mixed strategies?

  How is the level of motivation measured

What motivational strategies does the management apply with the intent to enhance employee motivation and work performance?

  Middle management level

You are a new manager in a company in which poor performance is the norm.

  Leadership development coach

For the Session Long Projects you will also be applying the concepts from the background materials. But instead of applying them to yourself, you will imagine that you are a leadership development coach who is hired to by organizations to diagnosi..

  Do a swot analysis for the kmart chain

Conduct a SWOT analysis for the Kmart chain. Be as specific as possible in identifying your perceptions of the company's strengths and weaknesses

  Analyze the outcome of the case on the basis of the law

In this assignment, you will study and report an example of a whistleblower case, discuss the facts surrounding the case, and analyze the outcome of the case on the basis of the law.

  Alternatives to content-based filtering and collaborative

What are the alternatives to content-based filtering and collaborative filtering recommender systems? When is it most useful to use these alternatives?

  Database analysis and design with er diagram

After the requirement collection and analysis phase the software project of a database application about a company is described as follows:

  Helped to overcome variability in supply chain

In supply chain, what are the main reasons for getting negative profits. Explain how bull-whip effect manifests and effect the supply chain? Discuss these points with sufficient detail and examples. Consider HBR-Barilla case: How does Barilla's JI..

  Application of revenue management in hospitality industry

In the past few years there has been a rapid development in the application of revenue management in the hospitality industry, and this can be supported by the volume of material published in this area.

  Responsibility of a business is to return a profit

In the September 13th, 1970 issue of the New York Times, famed economist Milton Friedman stated that the only responsibility of a business is to return a profit

  Defining the formal relationships

Organization is defined as "arranging a complex of tasks into manageable units and defining the formal relationships among the people who are assigned the various tasks. The process of organizing concerns itself equally with which two aspects?

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