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

Richard has recently finished college and is about to prepare for his exam to become a certified public accountant. He wants to talk to other accountants to learn how best to prepare for this exam. Which professional organization would be most helpful for him to join?

Answers

Answer:

The accountant federation

f
Suppose human life without technology. Write a paragraph​

Answers

Answer:

Technology does not help Americans to become more intellectual it only ditures individuals from important aspects of life. By not using technology individuals are left to reflect and evolve mentally. As Americans use technology more their concern for others become less prevalent. The use of technology to make change or impact in the world will never be as effective as facing it head on. Technology can only do so such it can not bring families closer to each other or God. Therefore, Americans  need for technology does nothing but bring them farther away from their family, distract them from important aspects in the real world, and does not help them to evolve mentally at any extent. Many argue that life without technology is a happier and more advanced life all together that makes individuals reflect. Thoreau, well known transcendentalist, gives Americans needed advice by asserting “awake, not by mechanical aids(1)”, putting down technology as a whole. Americans can see technology as a corrupt power that controls and keeps them surrounded in fiction. As Thoreau goes on he gives Americans the idea that technology can not make a substantial like humans can. Near the end of the passage Thoreau gives context on mental advancement by saying “My head is hands and feet.

Explanation:

plz mark me as brilliant plz

Due to the advent of technology, the everyday life of people has undergone a drastic change. Life, in the present times, has become so much more comfortable, easy, dynamic, and fast. However, at the same time, life has also become a lot more lethargic, anti-social and preposterous like the computers that we have in our houses. Our smartphones, laptops, and other such gadgets have become a part and parcel of our lives, things that we somehow cannot live without.

It is because of innovation that human race is surviving the exceptional populace development and without it, humankind would have vanished long prior in a worldwide craving Armageddon. In any case, then again there are negative impacts of innovation waiting in our lives. By dismissing essential human and mammalian impulses like mingling, family life and physical effort, we have turned out to be manufactured and empty. Despite the fact that we are receiving rewards, we are losing the little of the valuable mankind left in our lives due to over-liberality.

Taking everything into account, innovation has influenced our lives profoundly. We just can’t envision living without it. It has expanded our life expectancy and nature of living. Where it has brought people closer in various ways, it has also contributed towards drifting people apart from each other. Without it, our lives would have been less difficult, harder, poorer, secluded, unoriginal, disengaged and perilous.

How do economic growth, full employment, price stability, and inflation indicate a nation’s economic health?

Answers

Answer:

Kindly check explanation

Explanation:

The state of a nation's economy is usually evaluatwd based on certain metrics which relating to the well being of its citizens, behavior of its market, finances and resources. Those metrics may include ; level or rate of inflation, employment level, level of economic growth or decline and many others. A healthy economy is one In which economic factors are in a positive state and hence its positive effects is left by the citizens in ways including the increased level of production which economically fights inflation and also helps achieve stability in terms of prices of products and commodities. Reduction in level of unemployment and increased full time jobs. Generally, a healthy nation should experience a robust economic growth and improvement.

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.

How do manufacturers benefit from coupons?

Answers

Answer:

Key Takeaways. Manufacturers and stores benefit from the coupons they offer to consumers. ... Offering coupons is a way to market products and engage consumers. Coupons can entice customers to build loyalty with a specific company or product.

Answer:

★ They promote discounts from participating into businesses directly to consumers

Explanation:

Hope you have a great day :)

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.

Who did the Lakers beat today?

Answers

Answer:

nobody cuz they suc

Explanation:

Answer:

THE LAKERS BEAT TRUMP BECAUSE TRUMP IS A LOSER

Explanation:

Which of the following is a good inventory storage practice?
O A.
first in, first out
OB. first in, last out
OC. last in, first out
OD.
last in, last out

Answers

Answer:

B.

Explanation:

B. First in First out is good I guess

Answer:

option A: first in, first out

Explanation:

i just answered it myself, and it was the correct answer.

For tonight’s concert Harold decided to charge general admission, where all of the were the same price. He set the price at $10 and 13,000 fans showed up. What was the nights revenue

Answers

Answer: $130,000

Explanation:

How do you know how many items to order for your kitchen?
In order to know what you need to have on hand, you need to have a _____ of ______

1.list
projection
catalog

2.cooking
marketing
sales

Answers

Answer:

Projection and sales

Explanation:

Answer for pluto

Which best lists the qualifications common to someone working in Facility and Mobile Equipment Maintenance?

A) knowledge of engines, identifying and fixing problems, customer service skills, and ability to use tools and technical equipment
B) standing for long periods in uncomfortable environments, critical thinking skills, knowledge of laws and regulations, and safety knowledge
C)constantly watching for hazards, ability to deal with delays, work long hours and travel, and responsibility for others
D) identifies ways to improve a process, independence, knowledge of product supply chain, and negotiation skills

Answers

Answer:

A). Knowledge of engines, identifying and fixing problems, customer service skills, and the ability to use tools and technical equipment.

Explanation:

Facility and Mobile Equipment maintenance services primarily deal with the maintenance, mending, and servicing of the transportation expertise for cars or aircraft. Thus, the individuals working with such a company would possess a very deep and precise knowledge of the engines which assists them in upkeeping the machines without any flaw. They also deal with repairing and thus, they also possess the ability to identify and fix the problems which hinder the machine to work smoothly. Customer service skills are a must as then only they could interact with the customer to discuss the problems occurring in their machines and provide quality assistance to them. Proficiency in the use of tools and equipment aids them to fix the technical errors of aircraft or cars. Thus, option A is the correct answer.

Answer:

a

Explanation:

just did the question

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

Answers

Answer:

pantograph

Explanation:

you can use a pantograph to do this.

The three main sources of international law include all of the following but

O
an executive order

O custom

O general principles of law

O a treaty

Answers

Answer:

Executive order

Explanation:

Answer:

an executive order

Explanation:

got it right on edge 2023 business law!!

A company's competitive strength scores pinpoint its strengths and weaknesses against rivals and point to offensive and defensive strategies capable of producing first-rate results. determine whether a company has a cost-effective value chain. determine if the company's market opportunities are better than those of its rival. analyze whether a company is well positioned to gain market share and be the industry's profit leader. determine whether a company's resource strengths are sufficient to allow it to earn bigger profits than rivals.

Answers

Answer:

The Competitive Strength Scores

determine whether a company's resource strengths are sufficient to allow it to earn bigger profits than rivals.

Explanation:

A company's competitive strength scores show the competitive position that the company has attained against its rivals.  These scores may be measured in the greater value of the company's product or service offerings, by means of lower prices, or by the provision of greater benefits for which higher prices are charged.  They may also be measured by the company's location, delivery speed, and quality compared to its competitors.

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

hellp! WILL GIVE 30 POINTS!!

Alexis and Damian are both taking a course on picking a career. They go to the same art club so they both know what they enjoy doing. Surprisingly, Alexis and Damian might find careers in the Architecture and Construction Career Cluster that allow them to express themselves through art. Create a list of possible jobs in this cluster that could use an artistic person and explain a task that each job does that the two students might particularly enjoy.

*Dont answer for points, cuz I've gotten scames so many times :/

Answers

Answer:

A few jobs that express how you feel through art are house remodeling because you can decorate with things that make you happy or that show how you feel, professional painter because you can paint how you feel, and a gardener because you make the garden look like something that expresses how you feel.

Explanation:

Hope this helps! Just make sure to edit it a little so that you don't get in trouble! :)

Which of the following tasks would be a line cook's main responsibility?
O A. frying french fries
OB. chopping onions
O c. taking inventory of stocked dry goods
OD. paying invoices

Answers

Answer:

A,B,C

Explanation:

Answer:

C

Explanation:

which is am example of labeling

Answers

Answer: A reduced price tag

Explanation:

insurance is the way a person or business is protected from :
losing interest
losing money
losing value
losing investments

Answers

Answer:

losing money

Explanation:

Helps save you from the out of pocket expense if something bad were to happen.

For example if your roof was damaged by a natural disaster it could cost thousnads of dollars out of a persons pocket.

Insurance will pay the cost to repair it allowing you to be protected from losing money.

Which technologies have made global communication instant and more effective? Choose three answers.

social media
wireless devices
smart phones
automobiles
printed newspapers

Answers

The technologies that made global communication instant and more effective were social media, wireless devices, and smart phones.

The speed of communication made possible by technological developments has increased the social and economic interaction between countries, making the development of globalization possible.

Through instant communication through means that use the internet, it is possible for people to communicate from anywhere in the world quickly and cheaply.

Therefore, the effects of new communication technologies made possible business in other countries and the formation of multicultural environments.

Learn more here:

https://brainly.com/question/16499151

Answer: a b c

Explanation:

just took the unit

3.5. In a public limited company, the losses are
borne by the
(A) staff
(B) directors
(C) community
(D) shareholders​

Answers

Answer: D

Explanation: Had this test before

Answer:

d

Explanation:

]

comic books originally published in japan​

Answers

Answer:

not only Japan but also other country but most of the comic book are from japan

Why do you think that it costs 20% more to feed one person alone than one person in a family?

Answers

Answer:

★ Sometimes if you buy things that are bulky it's cheaper, while making also bigger meals that you share amoungst people

Explanation:

Hope you have a great day :)

A business with happy customers will build a good reputation, allowing it to attract top-level:

Answers

Answer:

Marketing consultants

A business with happy customers will create a good reputation, allowing it to attract the best: Marketing consultants.

How are sales advisors paid?

The average sales advisor costs are based on one of the two models. The first, and perhaps the most common, is the hourly consultation rate. The second is a consistent bid on a project-by-project basis. This is usually based on their expected number of hours for a project that is multiplied by the hourly rates of professionals.

How much should I charge as a marketing consultant?

A typical marketing consultant usually charges about $ 100- $ 175 per hour. This may seem like a lot of money because, in most cases, companies do not pay their employees so much.

Learn more about Marketing consultants at https://brainly.com/question/17844286

#SPJ2

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.

An overcurrent condition may result
from?
A) an overload
B) a short-circuit
C) a ground-fault
D) all of these

Answers

Answer:

A.an overload circuit

Explanation:

i hope that help

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

One of the biggest reasons to create a detailed and truthful Business Plan is to make sure we can evaluate if our business will work.

A. True
B. False

Answers

the answer is true nice

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

what is the difference between the preservation and installment​

Answers

Answer:

Credit sales are typically of shorter duration and installment sales spread payments out over longer periods of time

Explanation:

please mark my answer as brainlist

Answer:

Explanation: An installment agreement requires the buyer of real estate to pay the seller the purchase price in installments over time; the buyer takes immediate possession of the property but the seller retains legal title as security until the buyer pays in full. An installment agreement can be a low-cost, flexible alternative to a traditional mortgage loan.

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