You just bought a car and took out a loan for $30,000 and are scheduled to make monthly payments at an annual rate of 3.9% APR. Suppose you plan to make a payment of $600 each month. How long will it take you to pay off your loan of $30,000? It will take just over 54 months. It will take just over 30 months. It will take just over 38 months. It will take just over 45 months.

A: Future value refers to the concept of time, the value of money used for determining the value of…

A: Internal Control:   Internal control refers to the policies, and plans of the business organization…

A:

A: When net credit sales is divided with average accounts receivable it results in receivable turnover…

A: Extraordinary things vs. Nonrecurring Items: an summaryExtraordinary things area unit gains or…

A: Equivalent unit of production is multiplied by cost per equivalent unit to compute the assignment of…

A:

A: IFRS:It stands for International Financial Reporting Standards, a set of accounting standards…

A: Rebalancing is the strategy for realigning portfolio weightings. Rebalancing incorporates buying or…

A: C corporation is the corporation that is taxed separately from its owners or shareholders.  In other…

A: The Annual Percentage Rate: The annual percentage rate is the nominal rate quoted by financial…

A:

A: Income statement: The financial statement which reports revenues and expenses from business…

A: The question is a follow-up question, and, the learner has reposted it to clear the confusion so…

A: An expense that benefits more than one product and for which the contribution to each product cannot…

A: In general, a "eligible rollover distribution" is any payment paid in a lump sum or over a period of…

A: The T1 personal tax return is the tax return form required to be filed by all taxpayers in Canada.…

A: Accounting error: Accounting errors can be defined as omission of the fundamental accounting…

A: Formulas: Minimum stock price = Face value / Convertible shares

A: A divestiture or divestment is the disposal of the company’s assets or a through sale, exchange,…

A: A sum of money that an individual or company owes is called liability. It is an obligation between…

A: Net position is the position which has been determined to the government so that the position of the…

A: Preemptive Rights: It is a contractual clause that gives the shareholders right or allows them to…