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loris [4]
2 years ago
11

Suppose Capital One is advertising a 60​-month, 5.04 % APR motorcycle loan. If you need to borrow $ 8 comma 100 to purchase your

dream​ Harley-Davidson, what will be your monthly​ payment?​ (Note: Be careful not to round any intermediate steps less than six decimal​ places.)

Business
1 answer:
zhuklara [117]2 years ago
3 0

Answer:

$153.01

Explanation:

For computing the monthly payment we need to apply the PMT formula i.e to be shown in the attachment

Given that,  

Present value = $8,100

Future value or Face value = $0

RATE =   60 months = 5 years × 12 months

NPER = 5.04% ÷ 12 months = 0.42%

The formula is shown below:  

= PMT(RATE;NPER;-PV;FV;type)  

The present value come in negative  

So, after applying the above formula, the monthly payment is $153.01

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Twinte Cars, a California corporation, has internal corporate requirements that stipulate a three-year payroll document retentio
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Answer:

-The period for retention could be up to 8 years depending upon the circumstances.

-The benefits and records may be called to evidence

Explanation:

In this scenario Twinte cars needs to balance internal requirement of 3 year payroll document retention period and the contract if 6 year payroll retention with the international company. Usually foreign companies have a higher retention requirement.

A way out of this predicament will be to get a new retention period of 8 years. This will satisfy requirements of the international company.

Also Twinte cars can provide benefits and records from their internal 3 year payroll retention to the international company

4 0
2 years ago
There are simultaneous changes in the demand for and supply of tablet​ devices, with the consequences being an unambiguous decre
lord [1]

Answer: c. Demand decreases and supply decreases.

Explanation:

When demand for tablets decrease, the demand curve shifts to the right. The price and quantity declines. At the same time, when supply also falls, the supply curve shifts to the left leading to an increase in price and a fall in quantity.

Since, decrease in demand and supply have opposite effect on the price there is no change in the price of tablets.

Both the forces work towards reducing quantity to quantity will fall unambiguously.

Thus, the correct option is c, Demand decreases and supply decreases.

3 0
2 years ago
You purchase an annuity due for $1,200. The annuity has 11 annual payments of 100 and a larger payment at the beginning of year
romanna [79]

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Give me brainliest pls! I neeed it to rank up jus pls do it!

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8 0
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Laura is forecasting the time and cost of developing an intranet for a new customer. Her department has completed six such intra
madam [21]

Answer:

Learning curve

Explanation:

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2 years ago
Which one of the following relationships is stated correctly? Multiple Choice The capital gains yield is equal to zero for a zer
S_A_V [24]

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Decreasing the time to maturity increases the price of a discount bond, all else constant.

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