You are considering purchasing a new automobile that will cost you $28,000. The dealer offers you 4.9% APR financing for 60 months (with payments made at the end of the month). Assuming you finance the entire $28,000 and finance through the dealer, your monthly payments will be closest to:

Options:

A) $1454

B) $527

C) $467

D) $457

B. $527

Explanation: A dealer is a person or organisation that buys and sells a particular commodity,product or service. A dealer can be trading shoes,Cars,Cooking Utensils etc.

Financing is a term used to describe the process through which the total amount or cost of a particular product or commodity is paid for. A financing plan can be MONTHLY, QUARTERLY, BIANNUAL OR ANNUAL ETC.

In order to determine the monthly payment we have to determine the monthly interest rate

Monthly interest rate = APR/12 months = .049/12 = .004083 or .4083%.

28,000 = Monthly payment× (1/0.004083) × (1 - 1/(1.00408360))

Monthly payment = $527.11. THE TOTAL MONTHLY INSTALLMENTAL PAYMENT WILL BE CLOSEST TO (B) WHICH IS $527.

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

your welcome leave a rate and a < 3

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