One of the largest automobile dealers in the city advertises a 3-year-old car for sale as follows: Cash price $3575, or a down payment of $375 with 45 monthly payments of $93.41. Susan DeVaux bought the car and made a down payment of $800. The dealer charged her the same interest rate used in his advertised offer. How much will Susan pay each month for 45 months? What effective interest rate is being charged?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “One of the largest automobile dealers in the city advertises a 3-year-old car for sale as follows: Cash price $3575, or a down payment of ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Assume the following cost of goods sold data for a company: 2017: $1,700,000 2016: 1,400,000 2015: 1,200,000 2014: 1,000,000 If 2015 is the base year, the percentage increase in cost of goods sold from 2015 to 2017 is closest to Select one: a. 25% b.
Answers (1)
Over the past 3 years, a cloud service has been unavailable for a total of 36 hours, primarily due to a denial of service attacks. additionally, the physical server hosting the cloud service crashed once.
Answers (1)
The Hahns have a right to exercise their religion. Does this right transfer to any corporations they own?
Answers (1)
4. What accounting assumption, principle, or constraint would use in each of the situations below? A. records expenses when incurred, rather than when cash is paid. B. was involved in litigation over the last year.
Answers (1)
How does a diversified investment portfolio reduce investors' risk of losing money? A. by increasing dividends B. by increasing the rate of return C. by increasing the liquidity of investments D. by spreading investment capital over many investments
Answers (2)
New Questions in Business
Which of the following options has drastically reduced the costs of operating and transacting on a global scale? A. Internet B. Social network C. Intranet D. Extranet E. Value network
Answers (1)
In year 1, the Consumer Price Index was 120 and the average nominal income was $30,000. In year 2, the Consumer Price Index was 125 and the average nominal level of income was $32,000. What happened to real income from year 1 to year 2?
Answers (1)
Coral Think Inc. is a new company in the publishing industry. It has raised sufficient capital from multiple sources. It is planning to use its capital to purchase certain assets.
Answers (1)
During July at Loeb Corporation, $83,000 of raw materials were requisitioned from the storeroom for use in production. These raw materials included both direct and indirect materials. The indirect materials totaled $4,000.
Answers (1)
The partnership agreement of E Smith and N Patel state that Smith receives 30% and Patel 70% of partnership income and losses. The partnership net income is $100,000 and is allocated to the partners when the income summary account is closed.
Answers (1)