Car dealership allows her to defer payments

Assignment Help Business Economics

Reference no: EM131000435

Kris borrows some money in her senior year to buy a new car. The car dealership allows her to defer payments for 12 months, and Kris makes 48 end-of-month payments thereafter. If the original note (loan) is for $28,000 and interest in 0.5% per month on the unpaid balance, how much will Kris' payment be?

Reference no: EM131000435

Questions Cloud

Difference between the two estimation techniques : Both the gross profit method and the retail inventory method provide a way to estimate ending inventory. What is the main difference between the two estimation techniques?

How much heat does the ice absorb while melting : An ice cube with a mass of 0.0470 kg at 0°C melts to water with no change in temperature. How much heat does the ice absorb while melting?

Define each of the following retail terms : Define each of the following retail terms: initial markup, additional markup, markup cancellation, markdown, markdown cancellation.

Position of political candidates : Suppose the position of political candidates on all issues can be ranked on a scale ranging from conservative to liberal. The more conservative a candidate, the less the quantity of public goods he will supply.

Car dealership allows her to defer payments : Kris borrows some money in her senior year to buy a new car. The car dealership allows her to defer payments for 12 months, and Kris makes 48 end-of-month payments thereafter. If the original note (loan) is for $28,000 and interest in 0.5% per month ..

Explain how to estimate the average cost of inventory : Explain how to estimate the average cost of inventory when using the retail inventory method.

Period of growing competition : The industry of mobile phones is experiencing a period of growing competition that erodes the profit margin and that is killing many competitors. In the last five years the field has become an oligopolistic market with room for a very limited numb..

Anything generally accepted as payment : Money is defined by economists as "anything generally accepted as payment" For each of the following sentences, explain why it does not use the economist’s definition of money: Write a sentence that does use the economists definition of money

What is mass speed at the half amplitude position : What is the maximum speed of the mass and where does it occur? What is its speed at the 1/2 amplitude position of its motion?

User Account

All Pages