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elena-14-01-66
2 months ago
4

Shelby's total closed-end credit for her car (including all interest) cost $9,478.58. the table shows the schedule of her paymen

ts for the first 4 years. table what is the total amount of interest shelby will pay for the car loan? how many more years will it take shelby to pay off her loan?
Business
2 answers:
arsen [3.4K]2 months ago
5 0
<span>How many additional years will Shelby need to fully repay her loan? answer 1
</span><span>What is the complete interest amount Shelby will incur on her car loan? answer 2478</span>
Scilla [3.8K]2 months ago
5 0

<span>Shelby’s total interest payment will equal 2478.58</span>

<span>
</span><span>It will require Shelby one more year to finish paying off her loan</span>

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Anne Lockwood, manager of Oaks Mall Jewelry, wants to sell on credit, giving customers 3 months to pay. However, Anne will have
harina [3808]

Answer:

15.18%

Explanation:

To calculate the nominal annual rate

The first step is to determine EFF% with this formula

EFF% = [1 + (Nominal rate percentage/Number of months in a year)]^Number of months in a year

Let's substitute into the formula

EFF% = [1 + (15%/12)]^12

EFF% = (1 + 0.0125)^12

EFF% = (1.0125)^12

EFF% = 1.1608 × 100%

EFF% = 116.08%

The second step is to find Rnom for quarterly compounding at 116.08% using this formula

Rnom compounding quarterly = (1 + (R/4))^4

Let's plug into the formula

Rnom compounding quarterly = (116.08%)^(1/4) Rnom compounding quarterly = 1 + R/4

Thus,

Rnom compounding quarterly = 15.18%

Therefore, Anne Lockwood should offer her customers a nominal rate of 15.18% compounded quarterly

6 0
16 days ago
In order to make a resume persuasive and not self-centered omit the use of the word ____.
Nady [3600]
To create a resume that is convincing while avoiding a self-centered tone, it is essential to refrain from using words like I, ME, and My

. Therefore, the answer is: D all of the above.
7 0
15 days ago
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Chill, a beverage manufacturer, offers varied versions of its products that include diet, cherry, vanilla and caffeine-free vers
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A differentiated market

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25 days ago
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marusya05 [3725]

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d. A higher level of risk corresponds to a smaller potential investment.

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Sandy prefers to assert that with elevated risk comes lesser investment possibilities, since the fluctuation of returns is substantial. This suggests that investors may aim for guaranteed returns rather than uncertain but potentially larger yields. In the realm of investments, it is a common question; some may agree that higher risk leads to lower maximum investments.

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Result:

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