Question: Bowflex s television ads say you can get a fitness machine
Bowflex’s television ads say you can get a fitness machine that sells for $ 999 for $ 33 a month for 36 months. What rate of interest are you paying on this Bowflex loan?
Answer to relevant QuestionsFord’s current incentives include 4.9 percent financing for 60 months or $ 1,000 cash back for a Mustang. Let’s assume Suzie Student wants to buy the premium Mustang convertible, which costs $ 25,000, and she has no down ...Stanford Simmons, who recently sold his Porsche, placed $ 10,000 in a savings account paying annual compound interest of 6 percent. a. Calculate the amount of money that will have accrued if he leaves the money in the bank ...Don Draper has signed a contract that will pay him $ 80,000 at the beginning of each year for the next 6 years, plus an additional $ 100,000 at the end of year 6. If 8 percent is the appropriate discount rate, what is the ...What is a beta? How is it used to calculate r, the investor’s required rate of return? The following are the end-of- month prices for both the Standard & Poor’s 500 Index and Nike’s common stock. a. Using the data here, calculate the holding- period returns for each of the months. 5 b. Calculate the ...
Post your question