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It is the graphical representation of the cash flows drawn on a time scale. The...

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Accounting

It is the graphical representation of the cash flows drawn on a time scale. The diagram should represent the problem statement and should include the given data or data to be found.

The above is the definition of:

a. Cash Flow b. mathematical chart c. financial diagram d. Flow of investment

A vehicle is acquired for $30,000,000, giving a 30% down payment at the time of purchase, financing the rest for 7 quarters. In this way, they end up paying $4,200,000 in interest plus the remaining value of the vehicle.

What monthly rate was applied to the total payment of the vehicle?

a. 0.59% Monthly b. 0.18% Monthly c.0.81% Monthly d.0.95% Monthly

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