Business, 21.09.2019 03:30 hannaboo53

Dennis has just made the final monthly payment necessary for paying off his car financing. when he purchased the car three years ago, it had a list price of $23,878. dennis traded in his good-condition 2001 honda odyssey and financed the rest of the cost at an interest rate of 11.82%, compounded monthly. the dealer gave dennis 85% of the trade-in value of his car, listed below. dennis was also responsible for paying 9.05% sales tax, a $1,474 vehicle registration fee, and a $225 documentation fee. all told, how much did dennis pay in interest? (round all dollar values to the nearest cent, and consider the trade-in to be a reduction in the amount paid.)
a.$3,919.77b.$3,906.80c.$4,599.44d. $3,668.52

Answers: 2

Show answers

Another question on Business

Business, 21.06.2019 14:20

The manager of a branch office of banco mexicali observed that during peak hours an average of 20 customers arrives per hour and that there is an average of 6 customers in the branch office at any time. how long does the average customer spend waiting in line and being serviced?

Answers: 2

Answer

Business, 22.06.2019 11:30

Consider derek's budget information: materials to be used totals $64,750; direct labor totals $198,400; factory overhead totals $394,800; work in process inventory january 1, $189,100; and work in progress inventory on december 31, $197,600. what is the budgeted cost of goods manufactured for the year? a. $1,044,650 b. $649,450 c. $657,950 d. $197,600

Answers: 3

Answer

Business, 22.06.2019 16:50

Slow ride corp. is evaluating a project with the following cash flows: year cash flow 0 –$12,000 1 5,800 2 6,500 3 6,200 4 5,100 5 –4,300 the company uses a 11 percent discount rate and an 8 percent reinvestment rate on all of its projects. calculate the mirr of the project using all three methods using these interest rates.

Answers: 2

Answer

Business, 22.06.2019 18:00

Carlton industries is considering a new project that they plan to price at $74.00 per unit. the variable costs are estimated at $39.22 per unit and total fixed costs are estimated at $12,085. the initial investment required is $8,000 and the project has an estimated life of 4 years. the firm requires a return of 8 percent. ignore the effect of taxes. what is the degree of operating leverage at the financial break-even level of output?

Answers: 3

Answer

You know the right answer?

Dennis has just made the final monthly payment necessary for paying off his car financing. when he p...

Questions