Rachel needs a car to get to work and school. She's decided on a used car with a cost of $9,000. According to her budget, she can afford to pay up to $275 per month in car payments. Which loan offer is best for Rachel? Length of Loan APR Late Payment Fee Monthly Payment Total Cost of Loan Offer 1 24 months 4.5% $35 $393 $9,428 Offer 2 36 months 5% $20 $270 $9,711 Offer 3 48 months 5.5% $45 $209 $10,047 Offer 4 60 months 6.5% $25 $176 $10,566 Offer 1, because it has the lowest APR and lowest total cost of the loan Offer 2, because it has the lowest total loan cost of the offers with a monthly payment in her budget Offer 3, because a low monthly payment and the lowest late payment fee Offer 4, because it has the lowest monthly payment which frees up her budget for more fun with friends

Answers

Answer 1

Answer:

the best loan offer for Rachel is Offer 2, because it has the lowest total loan cost of the offers with a monthly payment in her budget.

Explanation:

Note: The data in the question are merged together. They are therefore sorted before answering the question as follows:

               

                Length of       APR      Late Payment     Monthly         Total Cost

                    Loan                                 Fee               Payment          of Loan

Offer 1       24 months     4.5%             $35                 $393              $9,428

Offer 2      36 months     5%                $20                 $270              $9,711

Offer 3      48 months     5.5%             $45                 $209             $10,047

Offer 4      60 months     6.5%            $25                  $176              $10,566

The explanation of the answer is now given as follows:

In finance, the best loan offer between or more different loan offers is a loan offer that meets the following 2 conditions:

1. The loan must has the lowest total cost of loan.

2. The periodic payment must be within the budget of the loan beneficiary.

From data in the question, only Offer 2 meets the 2 conditions above.

Therefore, the best loan offer for Rachel is Offer 2, because it has the lowest total loan cost of the offers with a monthly payment in her budget.


Related Questions

A $5,000,000 issue of construction bonds were sold at par by he capital projects fund, Debt issuance costs included administrative fees of $45,000 and prepaidinsurance costs of $5,000.


Prepare in general journal form the necessaary entries in the governmental activities and approppriate fund journals for each transaction. Expanations may be omitted, For each entry you prepare, name the fund on which the entry should be made.

Answers

Answer and Explanation:

The journal entries are shown below:

Cash Dr $5,000,000

     To Bond proceeds $5,000,000

(Being issuance of the constructions bonds are recorded)

Debt issuance cost  $50,000

        To Cash $50,000

(Being debt issuance cost is recorded)

Cash $4,950,000

Debt issuance cost $50,000

        To Bond Proceeds $5,000,000

(being issuance of the construction bond is recorded)

A responsible managing employee is required through the Contractor's state license board to work at least?

Answers

Answer:

32hours or 80% of the complete working hours per week of the business

Explanation:

When construction companies engage in contracts were materials and labor can cost $500 and above, they are expected to have a license. If the business does not have a license, it can qualify for a license if it decides to employ someone with the required license. The employed individual will be known as the responsible managing employee.

The contractors state license board requires such an employee to be a full and recognized employee of that business and to have at least 32hours or 80% of the sum of the working hours expended by the business.

two sustainable ways in which businesses could assist the schools to ensure that school leavers are better prepared for the workplace​

Answers

They could provide internships towards graduates to allow them to acquire working experience.
They could also provide training to help graduates have an understanding of what they are expected of in the workplace.

The education system is based on more of theoratical knowledge than that of practical knowledge. Most of the theoratical knowledge is important and relevant but does not help in the growth of the student in real world.

For preparing students to face the real world situations and scenarios the schools should prepare them by making additions in the education system in following ways:

Business Assistance Tranings can be provided by education institutions to the graduates for introducing and preparing them for the real life workplace knowledge.Interships can be given to help them learn and work in the real environment which they would eventually work in after completion of their studies.

Therefore the points discussed above can be the assistance provided by businesses to the education institutions for addition in the education system to prepare school leavers for workplace.

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in humans happens meaning the process needs male and female parent.A.SEXUAL REPRODUCTION B.ASEXUAL REPRODUCTION C.OVULATION D.MENSTRATION​

Answers

Answer:

A.SEXUAL REPRODUCTION

Explanation:

Podunk tech university's office of student affairs would like to estimate the proportion of podunk tech's students who have smoked marijuana in the past month. the office of student affairs would like to estimate the population proportion p to within .04 with 95% confidence.

Answers

Answer:

600

Explanation:

Requirement "What sample size is required if the Office of Student Affairs has no knowledge of the approximate value of p? (Round your answer up to the next largest integer)."

Margin of error, m = 0.04

Confidence level, 1-∝=0.95

Assume that p = 0.5 as proportion is not given.

At 95% confidence(∝=0.05). the tabulated value from the z-table is 1.96

n = p(1-p)[z∝/m]^2

n = (0.5)(1-0.5)[1.96/0.04]^2

n = (0.5)(0.5)(2401)

n = 600.25

n = 600

So, the required samplesize would be 600

What dynamics were used ​

Answers

Answer:

J.S. Bach used some dynamic terms, including forte, piano, più piano, and pianissimo (although written out as full words), and in some cases it may be that ppp was considered to mean pianissimo in this period.

Kallapur company manufactures two products: kap1, which sells for $120; and quin, which sells for $220. estimated cost and production data for the current year are as follows.

Answers

The question is incomplete. The complete question is :

Kallapur company manufactures two products: KAP1, which sells for $120; and QUIN, which sells for $220. estimated cost and production data for the current year are as follows :

                                                               KAP1              QUIN

Direct materials cost                             $ 30               $ 45

Direct labor cost (at rate $ 12/hr)          $ 24                $ 60

Estimated production (units)              25,000             15,000

In addition, fixed manufacturing overhead is estimated to be $ 2,000,000 and variable overhead is estimated to equal $ 3 per direct labor hour. Kallapur desires a 15 percent return on sales for all of its products.

Calculate the target cost for both KAP1 and QUIN.

Solution :

It is given that Kallapur company manufactures two products namely KAP1 and QUIN.

Selling cost of KAP1 = $ 120

Selling cost of QUIN = $ 220

∴ [tex]$\text{Target cost = target price - target profit}$[/tex]

Target cost of KAP1

Target price = $ 120

Target profit = $ 120 x 0.15

                     = $ 18

So, [tex]$\text{target cost = target price - target profit}$[/tex]

                        = 120 - 18

                       = $ 102

Target cost of QUIN

Target price = $ 220

Target profit = $ 220 x 0.15

                     = $ 33

So, [tex]$\text{target cost = target price - target profit}$[/tex]

                        = 220 - 33

                       = $ 187

Billie eilish?Or purge for halloween please help me decide?

Answers

Billie Eilish!!! I did it and it was so fun

Answer:

Explanation:

i feel like dressing as billie would be more comfortable you know what i mean just big hoodie/t-shirt and sweat pants

An instrument used to enlarge or reduce a map is known as​

Answers

Answer:

pantograph

Explanation:

you can use a pantograph to do this.

Based on your communications, you have established a list of decision criteria: marginal costs, adoption of synthetic components, estimated shipping costs, top note integrity, and base note integrity. How would you order the importance of the items on the list?


The number in parentheses indicates the relative weights for each factor.


A higher number indicates that an item is more important; a lower number indicates a factor is less important.

Answers

Answer: higher number indicates that an item is more important; a lower number indicates a factor is less important.

Explanation:

In order to order the importance of the items on the list, a higher number indicates that an item is more important while a lower number indicates a factor is less important.

In this case, one has to list the decisions criteria based on their importance. This is regarded as scale of preference in Economics.

On January 1, Year 1, Willette Company sold $240,000 of 6% ten-year bonds. Interest is payable semiannually on June 30 and December 31. The bonds were sold for $180,181, priced to yield 10%. Using the straight-line method, what is the amount of interest expense that Willette will report for the six months ended June 30, Year 1?

Answers

Answer:

$10,191

Explanation:

Calculation for the amount of interest expense that Willette will report for the six months ended June 30, Year 1

First step is to calculate the Semiannual interest payment using this formula

Semiannual interest payment = Face amount × (Rate ÷ 2)

Let plug in the formula

Semiannual interest payment = $240,000 × (6% ÷ 2)

Semiannual interest payment= $7,200

Second step is to calculate the Allocation of discount using this formula

Allocation of discount = (Face value of bonds − Issue price) ÷ Number of interest payments

Let plug in the formula

Allocation of discount = ($240,000 - $180,181) ÷ (10 years × 2 payments per year)

Allocation of discount = $59,819 ÷ 20

Allocation of discount = $2,991

Now let calculate the Interest expense using this formula

Interest expense = Interest payment + Allocation of discount

Let plug in the formula

Interest expense = $7,200 + $2,991

Interest expense = $10,191

Therefore the amount of interest expense that Willette will report for the six months ended June 30, Year 1 will be $10,191

Which of the following tasks would be a prep cook's main responsibility?
O A. garnishing dinner plates to be served to customers
OB.
cooking steaks for diners
OC. washing and cutting lettuce for salads
OD. washing dishes

Answers

Answer:

Most likely OC

Explanation:

Answer:

C. washing and cutting lettuce for salads

Explanation:

Hope this will help

PLZ PLZ PLZ HELP THS IS DUE TODAY!!!
Dealing with advertising clutter is one of the challenges of database marketing.


False

True

Answers

I believe it’s true
Maybe it might be true

In a restaurant, how does a poor kitchen layout impact the staff?
Poor kitchen layout results in poor _______ in staff.

Answers

Answer:

Effeciency

Explanation:

In a restaurant, how does a poor kitchen layout impact the staff?

Poor kitchen layout results in poor EFFICIENCY in staff.

Which descriptions offer examples of Marketing Information Management and Research workers? Check all that apply.

a-Amelia gathers and analyzes information about a company's competitors and target market to determine its
market strategy.
b-Donna meets with people in person and on the phone to ask them survey questions.
c-Nick arranges products in a store for customers to see.
d-Otis calls customers on the phone to sell them products.
e-Sung writes survey questions and analyzes the information gathered from them.
f-Ginger schedules product shipments and organizes the workers and activities in a warehouse.

Answers

Answer:

A,B, and E

Explanation:

Got right on edge

Descriptions that offer examples of Marketing Information Management and Research workers are Amelia gathers and analyzes information about a company's competitors and target market to determine its market strategy, Donna meets with people in person and on the phone to ask them to survey questions, Sung writes survey questions and analyzes the information gathered from them. Option (A) (B) and (E) are correct.

What do you mean by Marketing?

The activity, set of institutions, and processes for making, communicating, delivering, and changing offerings that have value for customers, clients, partners, and society at large are referred to as marketing.

A target market is a group of people that have been determined as the most likely possible customers for merchandise because of their shared characteristics such as age, income, and lifestyle.

Therefore, Options (A) (B), and (E) are correct.

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Billie Eilish,Or the purge for halloween i need help deciding.

Answers

Answer: the purge

Explanation: ur welcome

Answer:

i say billie bc everyone does the purge

Explanation:

Term review of accounting

Answers

Accounting

Accounting is an art of identifying, measuring, recording, classifying, Summarising, helps in analysis & interpretation of the financial data.

Branches of accounting

Financial accountingCost accountingManagement accounting

Objectives of accounting

Maintaining accounting recordsDetermining profit or lossDetermining Financial position Facilitating managementProtecting business assets

Advantages

Replaces memoryFacilitates loansEvidence in courtHelps in partnership accountsHelps in decision making

Limitations

Accounting is not exactUnrealistic informationAccounting ignores the qualitative elementsAccounting ignores the effect of price level changesAccounting may lead to window dressing

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why is market development necessary ?

Answers

A marketing development strategy is important because it helps a business grow and reach new customers in a planned, structured way. Expanding your audience creates the potential for more leads, more sales, and more revenue, but in-depth research is essential to make sure there's value in targeting new customers.

On January 1, 2020, Vaughn Corporation purchased 323 of the $1,000 face value, 9%, 10-year bonds of Walters Inc. The bonds mature on January 1, 2030, and pay interest annually beginning January 1, 2021. Vaughn purchased the bonds to yield 11%. How much did Vaughn pay for the bonds?

Answers

Answer:

$284,954.63

Explanation:

in order to determine the market price of the bonds we must calculate the present value of the face value and coupon payments

PV of face value = $323,000 / (1 + 11%)¹⁰ = $113,755.59

PV of coupon payments = $29,070 x 5.8892 (PVIFA, 11%, 10 periods) = $171,199.04

total market value = $284,954.63

Write H if the resource is a human resource, and NH if it is a nonhuman resource. 1.Machines
2.Tools
3.Workers
4.Land
5.Water
6.Capital
7.Labor force
8.Time
9.Entrepreneur
10.Process​

Answers

1.H

2.H

3.NH

4.NH

5.H

6.NH

7.H

8.NH

9.H

10.H

What does the phrase “last in, first out” mean?

Answers

It’s used to account for inventory. It record the most recent produced items as sold first. It records how the newest item made is the first to be sold. Last in first out is used during inflation as a way to reduce income tax.

Hoped that help sorry if it didn’t

Which descriptions offer examples of Distribution and Logistics workers? Check all that apply.

A) Jesse analyzes different shipping methods to determine which will be the most efficient and inexpensive.

B) Rosie analyzes and identifies ways for a company to improve the organization of its storage facility , so it will be easier to retrieve items.

C) Buster researches a company's target market to help determine its marketing strategy.

D) Samir carries samples of products to demonstrate to customers in their homes and businesses.

E) Zelda supervises workers in a warehouse.

F) Sharon creates a website to promote a company's products and services.

Answers

Answer:

these are the answers:

Jesse (1)

Rosie (2)

Zelda (5)

Explanation:

on edge 2021

Answer:

A B E

Explanation:

Jesse Rosie Zelda

A record of income and expenditures for a given period of time is called a/an:
Interest
Budget
Credit
Investment

Answers

A record of income and expenditures for a given period of time is called a BUDGET.

A retailer buys books from publishers for $6 each and prices them for sale to consumers at $9. What percentage markup for these books?

Answers

Answer:

50% is the correct answer

Explanation:

Answer:50

Explanation:

just took the test

The sum of all five terms of an arithmetic sequence is $55$. Find the sum of the first three terms of the sequence if the sum of the last three is $48$.

Answers

Answer:

18

Explanation:

The first step is to calculate the third term

= 55/5

= 11

The next step is to calculate the sun of last two terms

= sum of last three terms-third term

= 48-11

= 37

Therefore the sum of the first three terms can be calculated as follows

= 55-37

= 18

Hence the sum of the first three terms is 18

Tony is the head of a company that develops cutting edge technology. His team is working on their next big thing and they are close to a breakthrough. As his team works, Tony spends a good portion of his time making sure each part of his team has what they need to produce their best work. Tony also spends some of his time making sure any potential obstacles to his team are taken care of and coaching his team through some of their challenges.

What type of leadership is Tony practicing here?

A. Laissez-faire
B. Democratic
C. Servant Leader
D. Directing

Answers

The answer is B - Democratic

Answer:

D- Directing

Explanation:

It can't be laissez-faire because that literally makes zero sense at all. It's not democratic because that would mean that he would have had his team take a vote at some point in time, but this question says nothing about that. It is not servant leader because literally wth is that. It would have to be directing because Tony is giving his team some direction to help them keep moving forward.

American Engineering, Inc., defends against a breach-of-contract suit by Beta Corporation by claiming that the consideration for their contract was inadequate. A court will not normally evaluate the adequacy of consideration unless it is


Group of answer choices


a. a service.


b. in the form of a forbearance.


c. not yet paid.


d. grossly inadequate.

Answers

Answer:

D)grossly inadequate.

Explanation:

From the question we are informed about American Engineering, Inc., defends against a breach-of-contract suit by Beta Corporation by claiming that the consideration for their contract was inadequate. In this case A court will not normally evaluate the adequacy of consideration unless it is

grossly inadequate. Grossly inadequate consideration is possible to be reviewed by the court when there is a contract dispute. However Consideration does not involve things that both parties were required to carry out under law because it does not add anything to additional value.

11. Using a hypothetical but specific example, explain how the perceived value of an item may differ from person to person.

Answers

Answer:

Aperson with better financial ability would have a less perceived value than someone with lesser financial ability. For example, a celebrity could buy a piece of clothing (jeans,shirts, jackets, etc.) for $100 and it would be nothing to them. But to someone working a regular 9 to 5 job, that would be an excessive amount of money to spend on one piece of clothing.

Background image

An investment of 1 will double in 15.142 years at a force of interest, δ. An investment of 1 will increase to 3 in n years at the same force of interest. Find n to the nearest whole number.

Answers

Answer:

24 years

Explanation:

Nper = 15.142

PMT = 0

PV = 1

FV = 2

Type = 0

Rate = Rate(Nper, pmt, -pv, fv, type)

Rate = Rate(15.142, 0, -1, 2, 0)

Rate = 4.68%

Rate = 4.68%

PMT = 0

PV = 1

FV = 3

Type = 0

NPER = NPER(rate, pmt, -pc, fv, type)

NPER = NPER(0.04684, 0, -1, 3, 0)

NPER = 24 years

A Ground Fault Circuit Interrupter (GFCI) is designed to do which of the following?

Select all that apply.

Detect when the current leakage is greater than 5 mA.


Protect people from severe and sometimes fatal electrocution by monitoring for electrical leakage to ground.


Interrupt the flow of electric current by tripping quickly enough to prevent electrocution from leakage

Answers

Answer: Protect people from severe and sometimes fatal electrocution by monitoring for electrical leakage to ground.

Explanation:

The main purpose of a Ground Fault Circuit Interrupter (GFCI) is to ensure that when a person gets electrocuted, the flow of electricity is cut off quickly so that no serious injuries or death occurs.

It works by monitoring the electrical leakage to the ground by checking to see if the current going to and coming from the equipment differ by a certain amount and if it does, the GFCI will interrupt the circuit.

Answer:

All of them,

Explanation:

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