First calculate the amount financed
Amount financed=725−50=675
The formula is
I=(2yc)/(m (n+1))
Solve for c to get
C=(I×m×(n+1))/2y
C=(0.14×675×(24+1))÷(2×12)=98.44
Total of payments=675+98.44=773.44
Monthly payment is
773.44÷24=32.23
Hope it helps!
Answer:
The WACC is 8.66%
Explanation:
The WACC or weighted average cost of capital is the cost to firm of its capital structure which can have 3 components namely debt, preferred stock and common stock. We take the weighted average of these components and their respective costs to calculate WACC. Furthermore, we take the after tax cost of debt for WACC calculation and that is why we multiply the cost of debt by (1-tax rate).
WACC = wD * rD * (1-tax rate) + wP * rP + wE * rE
WACC = 0.33 * 0.065 * (1-0.28) + 0.08 * 0.06 + 0.59 * 0.1125
WACC = 0.086619 or 8.86619% rounded off to 8.66%
Answer:
Experiences is best described as the collection of things a person has done.
Explanation:
Experience is knowledge in a particular job or activity that you have gained because you have done that job or activity for a long time.
So, people's experiences can aid them in their careers, since it gives knowledge and skills gained trough time and doing a particular task.