You took out a $5000 car loan from a bank that is going to charge you month 4% APR for the next 3 years list how much interest you pay for this loan, list how much the loan will cost you overall and your monthly payment for the loan.

Answers

Answer 1

The final values ​​of the loan would be:

The cost of the payment for each month is: $ 138.88 + $ 16.66 = $ 155.54 (interest)The total cost of interest is: $ 600 = $ 200 × 3 years.The total cost of the loan is $ 5000 + $ 600 = $ 5600 (3-year interest)

What is the APR?

APR is an acronym for the percentage interest rate on a loan that a bank charge for each year that the loan is repaid. According to the above, in a loan of $ 5000, we must pay 3 times the 4% because the payment will be made within 3 years.

To know the value of the interest on the loan we must divide the value of the loan by 100 and multiply the result by 4 as shown below:

$ 5000 ÷ 100 = $ 50$ 50 × 4 = $ 200

According to the above, the value of the interest is $ 200. To know the total value of the interest we must multiply $ 200 by the years that we are going to pay the loan as shown below:

$ 200 × 3 = $ 600

Finally, to know how much we must pay each month we must divide the total value of the loan by the number of months that we are going to pay the loan. On the other hand, we must divide the total value of the interest by the number of months that we are going to pay the loan and add it to the total value of each month as shown below:

$ 5000 ÷ 36 = $ 138.88$ 600 ÷ 36 = $ 16.66138.88 + $ 16.66 = $ 155.54

Learn more about APR in: https://brainly.com/question/8846837


Related Questions

Ria is an Indian student who was admitted to a US university. Her annual tuition is $42,000. She has to pay her tuition fees in US dollars. She needs to calculate how many Indian rupees she will need to buy one dollar. The dollar to rupee exchange rate is 63. 76 and rupee to dollar exchange rate is 0. 15. How many Indian rupees will Ria need to buy one dollar? A. 50. 00 rupees B. 56. 00 rupees C. 63. 76 rupees D. 76. 63 rupees.

Answers

The Ria will need 63. 76 rupees Indian Rupee to buy one dollar.

The value of the rupee in terms of the dollar is 63.76 rupees and the value of the dollar in terms of the rupee is 0.015$.

Therefore, to pay fees of the annual tuition of amount $42000, she would be paying:

[tex]\begin{aligned}1 \:\rm Dollar &= 63.76\:\rm Rupees\\42000 \:\rm Dollar &= 63.76 \:\rm Rupees \times 42000 \:\rm Dollar\\&= 26,77,920 \:\rm Rupees\end{aligned}[/tex]

Therefore, the correct option is C.

To know more about the calculation of the conversion of rupees to the dollar and vice-versa, refer to the link below:

https://brainly.com/question/2386110

The rate at which a business increases revenue from sales is

Answers

Answer:

There are only four ways to increase revenue in your business: increase the number of consumers, increase the average transaction size, increase the frequency of transactions per client, and raise your rates.

Explanation:

which chart type provides the best visual display of the relationship between two numeric variables

Answers

The chart type that provides the best visual display of the relationship between two numeric variables is scatter plot.

According to the given question, we are to discuss the chart type that provides the best visual display of the relationship between two numeric variables.

As a result of this we can see that scatter plot , and this chart most used graph and the sole aim of using it is to provide visualizing relationship between two numeric variables.

Therefore, scatter plot is a chart type that provides the best visual display of the relationship between two numeric variables.

Learn more about scatter plot at:

https://brainly.com/question/6592115

Answer:

Bar Chart

Explanation:

The purposes of ______ should be to determine whether the project provided the customer with the expected benefits, assess the level of customer satisfaction, and obtain any feedback that would be helpful in future business relationships with this customer or with other customers.

Answers

Explanation:

marketing about selling produktivitas

When Molly broke a clipboard over her knee and then hurled the broken pieces toward her employees, she was creating ________ conflict.

Answers

Based on sociological context, when Molly broke a clipboard over her knee and then hurled the broken pieces toward her employees, she created a personality clash conflict.

What is a Personality Clash Conflict?

Personality Clash Conflict is a conflict that usually occurs at a workplace. It usually involves a situation where employees perceive the action of a superior or employer as inappropriate or disrespectful.

Given that the activities conducted by Molly may be perceived as inappropriate or disrespectful by her employees, this is an example of Personality Clash conflict.

Hence, in this case, it is concluded that the correct answer is Personality Clash Conflict.

Learn more about Personality Clash Conflict here: https://brainly.com/question/17432892

Marilyn has a biweekly gross pay of $810 and claims 3 federal withholding allowances. Marilyn has all of the following deductions from her gross pay: federal tax from the following table Social Security tax that is 6. 2% of her gross pay Medicare tax that is 1. 45% of her gross pay state tax that is 21% of her federal tax Determine how Marilyn’s net pay will be affected if she increases her federal withholding allowances from 3 to 4. A. Her net pay will increase by $15. 0. B. Her net pay will decrease by $15. 0. C. Her net pay will increase by $18. 15. D. Her net pay will decrease by $18. 15.

Answers

The net pay of Marilyn will increase by $18.15 due to the increase in the federal withholding allowances from 3 to 4.

The computation of net pay considering various federal withholding allowances

Given,

Gross pay =$810

3 Federal withholding allowances =$37 (taken from the reference table)

4 Federal withholding allowances =$22 (taken from the reference table)

Federal state tax rate =21%

First, the state tax rate and the total amount of withholding for 3 Federal withholding allowances are computed:

[tex]\begin{aligned}\text{State Tax}&=\text{Claim Amount}\times\text{Federal State Tax Rate}\\&=\$37\times21\%\\&=\$7.77\end{aligned}[/tex]

[tex]\begin{aligned}\text{Total Amount of 3 withholdings}&=\text{Claim Amount}+\text{State Tax}\\&=\$37+\$7.77\\&=\$44.77\end{aligned}[/tex]

Now, the state tax rate and the total amount of withholding for 4 Federal withholding allowances are computed:

[tex]\begin{aligned}\text{State Tax}&=\text{Claim Amount}\times\text{Federal State Tax Rate}\\&=\$22\times21\%\\&=\$4.62\end{aligned}[/tex]

[tex]\begin{aligned}\text{Total Amount of 4 withholdings}&=\text{Claim Amount}+\text{State Tax}\\&=\$22+\$4.62\\&=\$26.62\end{aligned}[/tex]

The difference in the net pay will be the difference between $44.77 and $26.62, which is $18.15.

Therefore, Marilyn withholding will decrease from $44.77 to $26.62 that is increasing the net pay by $18.15

Learn more about federal-state tax, refer to the link:

https://brainly.com/question/25828729

Vanessa uses credit cards because she likes to earn airline miles and cash-back rewards. She always pays off her balances in full each month and never has to pay interest or any finance charges. What is Vanessa in this scenario?

A.
a cosigner

B.
a credit counselor

C.
a convenience user

D.
a borrower

Answers

Answer:

c. a convenience user

Explanation:

i took test

Answer: c. a convenience user

Explanation:

wang wants to purchase a new computer from best buy. after he purchases the computer, the local best buy store notifies the buyer at corporate headquarters through the:

Answers

Answer:

Wang wants to purchase a new computer from Best Buy. After he purchases the computer, the local Best Buy store notifies the buyer at corporate headquarters through the

Explanation:

Each department within an organization should develop a _______ strategy to outline how the department will improve its ability to perform task-specific activities in ways that add value to the organization's goods and services.

Answers

The type of strategy that each department within an organization develop  to outline how the department will improve its ability in order to perform specific tasks in contributing value to the goods and services of the organization is: functional level strategy.

What is Functional Level Strategy?Functional level strategies can be defined as the goals and actions that are assigned to each department in an organization.The goals and actions in functional level strategy of every department are to support the business organization's business level and corporate level strategies.  They form part of the daily operations of the various specific departments of the business organization.

Therefore, the type of strategy that each department within an organization develop  to outline how the department will improve its ability in order to perform specific tasks in contributing value to the goods and services of the organization is: functional level strategy.

Learn more about functional level strategy on:

https://brainly.com/question/7951147

the amount of output in a specific amount of time with a given amount of resources is referred to as:

Answers

Based on the definition described above, the best answer would be Productivity.

Productivity in business is:

The amount of goods produced in a certain amount of time.Based on a limited number of resources.

The productivity of a company is what most impacts its success because the higher the productivity, the more goods can be produced and sold to make more profit.

In conclusion, the answer is productivity.

Find out more about productivity at https://brainly.com/question/2992817.

What is stopping to reflect on and judge your goal progress called?

Answers

Answer: Self-Reflection

The stopping to reflect on and judge your goal progress is called Re-evaluation.

What is a Goal?

A goal is to refer to an objective or dream that an individual desires to achive in his life. This is referring to a target based on an individual's desire which is accomplished by them in the desired time period.

The process of re-evaluation emphasizes determining or analyzing all the aspects of an individual's personality or business again by following different methods in order to achieve the desired result.

In order to assure a more likely outcome, it is crucial to do the experiment more than once which helps to better evaluation. Otherwise, there is a risk that the results could be incorrect.

This re-evaluation helps to seek progress in the work and brings improvement based on the results to achieve the desired Output.

Learn more about Re-evaluation, here:  

https://brainly.com/question/4978909

#SPJ12

what is the difference between earned income, passive income, and investment income?

Answers

Explanation:

Earned income consists of income you earn while you are working a full-time job or running a business.

Passive income is income earned from rents, royalties, and stakes in limited partnerships.

Portfolio income is income from dividends, interest, and capital gains from stock sales.

nonoperating items that increase net income, such as gains on the sale of fixed assets, must be added in calculating operating cash flows.

Answers

There are gains on sale of fixed asset which are known to enter on income statement. Nonoperating items that increase net income must be added in calculating operating cash flows is a false statement

A gain on the sale of fixed assets is usually seen in the statement of profit and loss as non-operating income.

A Non-operating assets are simply described as a kind of assets that does not look into to be part of a company's core operations.

A company's non-operating assets can be said to be unused land, leftover and unused equipment, investment securities, etc.

Learn more about non-operating assets from

https://brainly.com/question/25785586

A cross-functional work team is having difficulties in operating smoothly, and friction has developed among some of the members. Many of the strongest complaints are from the representatives of management who complain that the research scientists are disorganized, haphazard, and undisciplined. Managers complain that the scientists do not adhere to any fixed rules or procedures. On the other hand, the research scientists complain that the managerial representatives are excessively rule-oriented bureaucrats and have no flexibility or spontaneity. The MAIN problem with this team seems to be centered around differences in: _________

a interpersonal orientation
b.time orientation
c goal orientation
d. formality of structure

Answers

The main problem with this team seems to be centered around differences in the formality of structure.

Cross-functional Work Team

This type of work team happens when individuals or groups of different functions come together to work together towards a common goal. This can either be done by two or more team leads to take the initiative or if there is a certain company project where employees of specific skills are required from different departments to do the job.

Problems with Cross-functional Team

There are certain problems faced when working in cross-functional teams. One of which is time management, where the team must meet up to manage the project and to discuss its further development. In the given question "time orientation" this certainly is not the main problem.

Another important factor is that employee success is based on goals and objectives. In doing so, the individual becomes more focused on their personal goals and loses sight of what is more important to prioritize, which is the company as a whole. Of course, this means that neither the interpersonal nor the goal orientation is the main problem arising between the team.

Finally, when more individuals come together to form a team, there is a chance that there might be dominating personalities in the group. This would cause difficulties among the group unless a leader is determined to manage the team. Now, this is the main problem here, as there is no formality of structure defined. Resulting in the dispute between managers and scientists. To avoid any further dispute formal structure must be laid out and a leader should be appointed amongst them.

Learn more on cross-functional team here: https://brainly.com/question/1490525

Charity Hospital is holding its annual gala in a fancy downtown hotel. Tickets are $200 each, and the organization estimates that the fair value of the event is $125. Purchasers of gala tickets are entitled to a charitable contribution deduction of:

Answers

Based on the amount paid for the tickets and their fair value, the portion that is entitled to charitable contribution deduction is $75.

When one buys a ticket to a charitable event, there is a chance that some of the ticket price can be treated as a charitable contribution deduction.

The part that can be treated as such is anything in excess of the fair value of the ticket. This amount in this case is:

= 200 - 125

= $75

In conclusion, the answer is $75.

Find out more on charitable contribution deductions at https://brainly.com/question/8706786.

a grocery store in a perfectly competitive market can

Answers

Answer:

A grocery store in a perfectly competitive market can. reduce its advertising budget more than its competitors. differentiate its product with respect to other firms. ignore profit-maximizing strategies. freely enter or exit the market.

Joey bought a dozen oranges for $3. 50 and several bananas for $0. 25 each at the grocery store. Joey spent a total of $5. 75 on the fruit. Which number line best represents the number of bananas Joey purchased?.

Answers

The number of bananas that Joey purchased would be represented on a number line with digits 0 to 10 by marking point 9 with a dot (circle) as shown in the image attached.

Let the number of bananas be B.

Given the following data:

A dozen oranges = $3. 50Bananas = $0. 25Total cost = $5.75

Note: A dozen oranges is equal to 12 oranges.

To determine the number line that best represents the number of bananas Joey purchased:

First of all, we would calculate the number of bananas that Joey purchased:

[tex]3.50 +0.25B =5.75\\\\0.25B =5.75-3.50\\\\0.25B =2.25\\\\B=\frac{2.25}{0.25}[/tex]

B = 9 bananas.

For the number line:

The number of bananas that Joey purchased would be represented on a number line with digits 0 to 10 by marking point 9 with a dot (circle) as shown in the image attached.

Read more: https://brainly.com/question/13553589

What tool in Word can you use to search your entire document for spelling and grammar errors?

Grammar Fixer
Spelling Dictionary
Spelling Help
Spelling and Grammar Check

Answers

Answer:

Spelling and Grammar check.

Explanation:

What features would you look for when purchasing your first home? Would you insist on a porch or a basement? What other things might you want your home to have?

Answers

i would insist on a stove to learn how to cook, and a porch because i want a house and not an apartment.

how often should a financial checkup be completed

Answers

Answer:

a financial checkup should be completed annually.

which economic advantage does eastern europe enjoy because of its location next to russia?

Answers

Access to Russia’s economic Markets

What are the required components of a database function? Check all that apply. = D in front of the command a single argument range field criteria.

Answers

The required components of a database function in the computer science and programming includes:

=D in front of the command Range Field Criteria

According to the given question, we are asked to state the required components of a database function and how this is essential for the database to function properly.

As a result of this, we can see that the required components of the database function include the =, the range, field, criteria and the D in front of the command.

Read more about database here:

https://brainly.com/question/14404521

Answer:

your answer is a b d e f

Explanation:

Jensen Manufacturing Corp wants to buy land for a distribution center in a new industrial park near Oakland International Airport. They made their offer in the name of Western Associates, LLC so as to not alert their competitors of the attempted purchase. Jensen Manufacturing is which type of principal?

Answers

Based on the information given regarding Jensen Manufacturing Corp, it can be deduced that it's a partially disclosed principal.

A partially disclosed principal simply means a principal whose agent reveals that he has a principal but the true identity of the person isn't known.

From the information given, since Jensen Manufacturing Corp wants to buy land for a distribution center in a new industrial park near Oakland International Airport and made their offer in the name of Western Associates, LLC so as to not alert their competitors of the attempted purchase. This is a partially disclosed principal.

Learn more about principals on:

https://brainly.com/question/10295065

Help please!
Who ever answers needs to be correct this is a big question.
Branson is the head of marketing for a video game company. His job falls into the Marketing Management pathway of the Marketing, Sales, and Service career cluster.

A.
True
B.
False

Answers

Answer:

True

Explanation:

Answer: A True

Explanation:

what difference would it make to the economy if there were no money? What commodities might serve as money instead? Provide reason for your answers.

Answers

Answer:

Well, we would simply be reduced to a barter economy. Therefore we would have to trade items for items.

Explanation:

This is the way it is because "Barter" is The exchange (goods or services) for other goods or services without using money. So if we needed beef, we would have to give the person trading the beef something of ours. As for countries who want to trade, if one needs wool, and one needs iron, and country A has Iron and country B has wool They'd barter the two items.

what value would be returned based on the formula in cell d49?

Answers

The COUNTIFS function counts cells based on specified criteria, evaluating ranges and criteria pairs sequentially, returning a count of matches; in this case, the result is 1 due to both criteria being met once. Therefore, option B is correct.

The COUNTIFS function is a powerful Excel tool used for analyzing data by counting the number of cells that meet specific criteria across multiple ranges. This function enables the simultaneous application of multiple conditions, making it ideal for complex data analysis.

It evaluates each criterion and corresponding range, tallying instances where all conditions are satisfied. By facilitating precise and efficient data summarization, COUNTIFS enhances decision-making processes and provides insights into the occurrence of specific events or scenarios within datasets, contributing to informed conclusions and strategic actions.

Therefore, option B is correct.

Learn more about COUNTIFS function here:

https://brainly.com/question/32365395

#SPJ12

Most probably, your complete question s this:

What are levels of production? *
1 point
Amount of goods produced
Primary production
Producing at the Secondary level
Tertiary Production

Answers

Answer: it could be amount of goods produced if you are speaking economics (evidence: In general, economic production efficiency refers to a level of maximum capacity in which all resources are being fully utilized to generate the most cost-efficient product possible. At maximum production efficiency, an entity cannot produce any additional units without drastically altering its production process.) otherwise it would be primary production.

answer: (in economics) amount of goods.

answer (in general) primary production.

Answer:

Amount of good produced

Explanation:

The amount of goods produced by a country decides the level of production of that countryIf it's not good the country has to improve this This is key factor behind development

The equilibrium quantity in markets characterized by oligopoly is:

Answers

It should be noted that equilibrium quantity in markets characterized by oligopoly is higher than in monopoly markets and lower than in perfectly competitive markets.

An oligopoly can be regarded as a market which posses a small number of firms, and these firms posses some interdependency as regards the pricing and output policies.

The equilibrium quantity in markets as regards oligopoly is different from Monopoly because the equilibrium here is usually high.

Therefore, in oligopoly equilibrium quantity in markets is usually more compare with monopoly markets.

Learn more about oligopoly at:

https://brainly.com/question/14495373

Why is it important to review all pages of this document carefully? What should Anna do if she finds an error?

Answers

Hello, and it is important to check work for reasons. One is if there would be a grammatical error in the writing. If it is math, always check it over with a note pad so just in case is something was solved wrong. READING IS MOST IMPORTANT!
If you read one part wrong, you could fail the whole assessment or question if not read correctly.

If Anna find errors and can’t seem to solve them, she should ask for help. Even math you could use a calculator to check but not to solve the whole question.

Hope this helped



Reviewing all pages of a document carefully helps ensure accuracy, completeness, and professionalism. If Anna discovers an error, she should take appropriate steps to rectify it based on its significance and potential impact on the document's content and purpose.

Thoroughly reviewing all document pages ensures accurate, complete information to prevent misunderstandings, legal problems, or financial errors. It maintains coherence, logical flow, and consistency. Scrutinizing all pages detects formatting, layout, or typographical issues, upholding professionalism. In vital contexts like legal agreements or financial reports, neglecting errors can lead to significant consequences.

Upon finding an error, Anna's action depends on its significance. Minor issues like typos can be directly corrected. For substantial errors affecting meaning or legality, she should highlight and annotate the problem, documenting necessary corrections. Anna must inform relevant parties, consult supervisors or legal advisors if needed, and adhere to document review protocols. After corrections, a final review ensures accurate and error-free content.

Learn more about Reviewing here: brainly.com/question/33034462

#SPJ3

4. what influence may rising house prices have on inflation?

Answers

Answer:

Explanation:

There is a correlation between inflation and house prices. ... When interest rates are low, buying homes can be more affordable and increase the demand for homes. If the supply of homes remains constant and the demand increases, then the prices of homes will increase.

Other Questions
The graph of a function is shown on the grid. part 2 of Question please help me and thank you for your help Please help me with this, ITS PAINFUL :|Also answer this for real, not for points and if you don't then no brainly.(Not answering this just shows how stu-pid your really are, no offense buddy) So when you are adding fractions how do you know when you need to simplify the numbers and how do you simplify? which fairy tale was the first gingerbread houses inspired by An angle of 90 measures (___) Pi radians.An angle of -pi/5 radians measures ____?. What is the approximate area of the home including the balcony. Research suggests that laughter improves peoples emotional and physical well-being. Write a research-based essay to inform the reader about the positive effects of laughter on emotional and physical health. Properly cite research evidence to inform the audience about the topic. the given cube has a mass of 173 grams, what is its density #6) Find the value of x. Be sure to show your work. Can someone plz help :(((((What is the area, in square inches, of the rectangle? Which statement is true of Judaism, Christianity, and Islam? A They follow strict dietary rulesB They share the same place of worshipC They celebrate the same religious ceremoniesD They acknowledge Abraham as an important religious figure. Which of the following best summarizes the main issues surrounding the siege of the Alamo? A.Santa Anna flew a white flag from the top of San Fernando Cathedral as a signal that he wanted to stop fighting and Fannin's army accepted his surrender. B.The Mexican army was ill-prepared and lacked the necessary ammunition and supplies to fight the defenders of the Alamo. C.Santa Anna demanded that the defenders of the Alamo surrender; however, Travis and his men were determined to continue to fight. D.Travis called for reinforcements and Fannin's army came to aid the defenders of the Alamo as they continued to fight.THERES NO RUSH BUT I NEED THIS QUICK A knife is 3x the cost of a spoon9 spoons and 12 knives cost 82.80Work out the cost of 1 knife Can someone help me? Will mark brainiest :) Read this text and change the words goose and child to plurals. How does the author describe Matt?A.as a shy, thoughtful artistB. as an arrogant, pushy friendC. as an outgoing, friendly personD. as a selfish-but-brilliant genius 3 3/8 divided by 1 1/4 Read the following excerpt from paragraph 41 of "Thank You M'am": "[Mrs. Jones]did not ask [Roger] anything about where he lived, or his folks, or anything else thatwould embarrass him. Instead, as they ate, she told him about her job in a hotelbeauty-shop that stayed open late, what the work was like, and how all kinds of women came in and out..." This excerpt suggests that..Mrs. Jones is a compassionate person.Mrs. Jones is a self-centered person.Mrs. Jones is an anxious person.Mrs. Jones is a cheerful person PLEASE help :((( how you can help children with disabilite in yo community