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14. A _______ is invested by managers in a diversity of stocks, bonds, and other SECURITIES. A. series EE bond B. promissory note C. preferred stock D. mutual fund
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Asked 4/4/2018 4:54:26 PM
Updated 232 days ago|4/6/2020 12:14:58 AM
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User: 14. A _______ is invested by managers in a diversity of stocks, bonds, and other SECURITIES. A. series EE bond B. promissory note C. preferred stock D. mutual fund

Weegy: A mutual fund is invested by managers in a diversity of stocks, bonds, and other securities.
Score 1

User: 9. Audrey is buying a new car for $32,998.00. She plans to make a down payment of $4,200.00. If she's to make monthly payments of $525 for the next five years, what APR has she paid? A. 3.7% B. 3% C. 37% D. .37%

Question
Asked 4/4/2018 4:54:26 PM
Updated 232 days ago|4/6/2020 12:14:58 AM
1 Answer/Comment
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Audrey is buying a new car for $32,998.00. She plans to make a down payment of $4,200.00. If she's to make monthly payments of $525 for the next five years, she has paid 3.7% APR.

Solution:
(r = 3.7% = 0.037) 2057r / 450 = 2057(0.037) / 450 = 76.109 / 450 = 0.1691 1 - (1 + r/12)^60 = 1 - (1 + 0.037/12)^-60 = 1 - 0.8313 = 0.1687; Therefore, r is approximately 3.7%
Added 232 days ago|4/6/2020 12:14:58 AM
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Noel Devine bought a new dishwasher for $320. He paid $20 down and made 10 monthly payments of $34. What actual yearly interest rate did Noel pay? A. 68.75% B. 14.55% C. 29.09% D. 34.38%
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Updated 24 days ago|10/30/2020 1:42:04 PM
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Noel Devine bought a new dishwasher for $320. He paid $20 down and made 10 monthly payments of $34. 14.55% actual yearly interest rate did Noel pay. Solution: Downpayment + Monthly payment x number of installments= 20 + (34 × 10 )= 20+340 = 360 Interest = 360-320 = 40 r = i × 100 P × n r = 40 × 100 / 320 × 10/12 = 4000/266 2/3 = 14.55%.
Added 24 days ago|10/30/2020 1:42:04 PM
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John and Mary Billings own a condominium with an assessed value of $110,000. If the tax rate is 25 mills per $1.00 of assessed valuation, how much tax do they pay? A. $2,750 B. $1,840 C. $1,420 D. $1,200
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Updated 200 days ago|5/8/2020 2:17:04 AM
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John and Mary Billings own a condominium with an assessed value of $110,000. If the tax rate is 25 mills per $1.00 of assessed valuation, the tax they have to pay is $2,750. 110,000 X .025 = 2,750.
Added 200 days ago|5/8/2020 2:17:04 AM
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The calculation of property tax is based on the A. amount of money borrowed for the mortgage. B. sale price of the home. C. homeowner's income. D. assessed value of the home.
Weegy: The calculation of property tax is based on the assessed value of the home. User: 12. At a certain university the student to teacher ratio is 16:1. If there are 2,000 students enrolled, how many teachers must be employed to maintain this ratio? A. 215 B. 28,000 C. 200 D. 125 (More)
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Updated 6/12/2019 9:58:52 AM
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At a certain university the student to teacher ratio is 16:1. If there are 2000 students enrolled ,125 teachers must be employed to maintain this ratio. Ratio between students and teacher = 16:1 , 16/1 =2000 /x , x = 2000/16 = 125 teachers
Added 6/12/2019 9:58:52 AM
This answer has been confirmed as correct and helpful.
14. A _______ is invested by managers in a diversity of stocks, bonds, and other SECURITIES. A. series EE bond B. promissory note C. preferred stock D. mutual fund
Weegy: A mutual fund is invested by managers in a diversity of stocks, bonds, and other securities. (More)
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Updated 150 days ago|6/27/2020 8:16:23 AM
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