To purchase equipment for his business, Ted paid $400 down and signed an installment contract that required
Question:
(a) What was the cash price of the equipment?
(b) How much was the cost of financing?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 85% (7 reviews)
a PMT 6933 i 09 n 36 Cash price 40000 212382 ...View the full answer
Answered By
Ajeet Singh
Professional, Experienced, and Expert tutor who will provide speedy and to-the-point solutions.
I have been teaching students for 5 years now in different subjects and it's truly been one of the most rewarding experiences of my life.
I have also done one-to-one tutoring with 100+ students and help them achieve great subject knowledge.
I have expertise in computer subjects like C++, C, Java, and Python programming and other computer Science related fields.
Many of my student's parents message me that your lessons improved their children's grades and this is the best only thing you want as a teacher. I have done plenty of studying and lots of learning on many exciting and challenging topics. All these experiences have influenced my decision to take on the teaching role in various capacities. As a tutor, I am looking forward to getting to understand your needs and helping you achieve your academic goals. I'm highly flexible and contactable. I am available to work on short notice since I only prefer to work with very small and select groups of students.
4.90+
7+ Reviews
15+ Question Solved
Related Book For
Contemporary Business Mathematics with Canadian Applications
ISBN: 978-0133052312
10th edition
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
Question Posted:
Students also viewed these Finance questions
-
An installment contract for the purchase of a car requires payments of $252.17 at the end of each month for the next three years. Suppose interest is 8.4% p.a. compounded monthly. (a) What is the...
-
The following questions are adapted from a variety of sources including questions developed by the AICPA Board of Examiners and those used in the Kaplan CPA Review Course used to study lease...
-
Pelican Systems Inc. (PSI), a public company, develops and manufactures equipment that is sold to technology, communications, and airline enterprises, and designs and installs customized information...
-
Show that for an integer n > 2, the period of the decimal expression for the rational number is at most n - 1. Find the first few values of n for which the period of - is equal ton- 1. Do you notice...
-
The manager of a small convenience store does not want her customers standing in line for too long prior to a purchase. In particular, she is willing to hire an employee for another cash register if...
-
Analyze the effects of economic openness on regional growth. What is your position regarding the author's conclusions? Argue and give your opinion on the topic (one page, maximum).
-
Flexible benefit plans are common today. Discuss ways in which employers can ensure that employees make good choices about the benefits and benefit levels that they choose within the benefits...
-
As the manager of Margarita Mexican Restaurant, you must deal with a variety of business transactions. Provide an explanation for the following transactions: a. Debit Equipment and credit Cash. b....
-
a) Find f'(x) if the function is f(x) = 2.x using the limit definition of the derivative. b) What is the value at x = 2? (a) (b) f'(x) = Click here to start next step ... f'(2)= Click here to start...
-
The following tableau for a dual maximum problem was obtained using the simplex method for optimizing a minimum problem. P Y/1 Y2 81 82 RHS 0 1 2 1 0 6 0 1 6 0 1 3 1-16 48 000 Find the pivot...
-
Equipment Inc. agreed to financial terms of $600 payments at the end of every three months for five years. Interest is 7.6% compounded quarterly. (a) How much has to be deposited at the beginning of...
-
New Bread Bakery purchased new equipment by making a down payment of $2000 and agreeing to make payments of $458 at the end of each month for five years. Interest is 9.2% compounded monthly. (a) What...
-
Visit www.irwebcasting.coiri/N'YKLIN E/2008/en/fs_nb.htm1, watch tire video of NYK operations, and summarize the supply chain/logisties services NYK Logistics performs for its customers.
-
Given the linear system (iii) (iv) (v) ax + ax ++ax =b a1x + a2x ++x =b amx + ax ++aX =bm. mn Write the above system in matrix form. Write the coefficient matrix associated with this system. Write...
-
Consider the planar manipulator given in Figure-2. Here, l, and la represent the constant link lengths and d and 8 respectively stand for the first and second joint variables. Find the Kinematic...
-
A slender bar of mass m is pivoted at point O and supported at the ends by two springs as shown in Figure. A 2 kg fan with rotating force F(t) = 200 sin 10 t, is mounted on point R. Given m = 12 kg,...
-
Evaluate the integral a) fx" dx b fx dx c) x dx f=dx d) e) f(5x + dx) 1) J(x-3x +8x) dx 2) f(x-3x+4) dx b) f(-+x 2. Evaluate the definite integral a) fx dx b) x dx c) f, xdx d) cos x dx e) fisin x dx...
-
verify that the indicated function is an explicit solution of the given differential y" + y = tan x; y = (cos x)ln(secx + tan .x) Question 2: verify that the indicated family of functions is a...
-
In Exercises find a geometric power series for the function, centered at 0 (a) By the technique shown in Examples 1 (b) By long division Data from in Examples 1 Long Division 2 x + xx+. 2 + x) 4 4 +...
-
Which of the following raises the credibility of areport? Which of the following raises the credibility of a report? Multiple Choice avoiding predictions avoiding the use of cause-effect statements...
-
In zone 1, a frame dwelling is insured for $305,000 and the insured has good credit and selects a $1,500 deductible. If no extra charge is added for semiannual payments, find the premium paid every...
-
Find the annual premium on a $300, (XX) whole-life insurance policy for a 40-year-old male using a non-tobacco rate?
-
The replacement cost of a home is $72,500. It is insured for $50,000 with an 80% coinsurance clause. If a fire causes $62,000 in damages, how much of the damages will the policy cover?
-
China's giant property developer Country Garden has been declared in default on its debt after failing to make a bond repayment by a final deadline of October 18. A panel of global banks and...
-
Write a classification essay in 3 rd person that you can describe clearly and cleverly. Have a clear thesis in the introduction that clearly list their classification categories.
-
Why college are important?
Study smarter with the SolutionInn App