Homework Answers
| Purchase price of product Land cruiser | Down Payment | Amount financed | Number of monthly payments | Amount of monthly payments | Total of monthly payments | Total finance charge |
| $ 85,000 | $ 60,000 | $ 25,000 | 72 | $ 420 | $ 30,240 | $ 5,240 |
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| Purchase price of product Land cruiser | Down Payment | Amount financed | Number of monthly payments | Amount of monthly payments | Total of monthly payments | Total finance charge |
| $ 85,000 | $ 60,000 | $85000 - $60000 | 72 | $ 420 | 72 X $420 | $30240 - $25000 |
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Suves et Check Complete the following table: Purchase price of product Landcruiser Down payment Amount financed...
Complete the following tables Purchase price of product Porsche Macan turbo Down payment Amount financed Number...
Complete the following tables Purchase price of product Porsche Macan turbo Down payment Amount financed Number of monthly payments amount of monthly payment Total of monthly payments Total Finance 66,900 S 50,000 72 S
Calculate the amount financed, the finance charge, and the total deferred payment price for the following...
Calculate the amount financed, the finance charge, and the total deferred payment price for the following installment loan. Round your answers to the nearest cent. Purchase (Cash) Down Payment Monthly Payment Number of Payments Finance Deferred Payment Price Finance Charge 53.100 154 $258.00
U Cash Down Amount Number of Amount of Finance APR Price Payment Financed Payments Payment Charge...
U Cash Down Amount Number of Amount of Finance APR Price Payment Financed Payments Payment Charge $6000 $3000 $3000 12 $260 $ % (Finance charge per $100 of amount financed) Number of payments 5.5% 6.0% 6.5% 7.0% 7.5% 8.0% 8.5% 12 3.00 3.28 3.56 3.83 4.11 4.39 4.66 18 4.41 4.82 5.22 5.63 6.04 6.45 6.86 48 11.63 12.73 13.83 14.94 16.06 17.18 18.31 55 tu The finance charge is $ Use the APR table to find the APR. Gra...
Calculate (a) the amount financed, (b) the total finance charge, and (c) APR by formula (Do...
Calculate (a) the amount financed, (b) the total finance charge, and (c) APR by formula (Do not round intermediate calculations. Round the "Finance charge to the nearest cent and "APR" to the nearest tenth percent.) Amount financed Purchase price of a used car Down payment Number of monthly payments 5,893 $ 1,333 Total finance charge APR Total of monthly payments 5,949.76
Calculate the finance charge: Sofa purchase price Down Payment Number of monthly payments Amount of monthly...
Calculate the finance charge: Sofa purchase price Down Payment Number of monthly payments Amount of monthly payments $1,600 $400 12 $190
Calculate (a) the amount financed, (b) the total finance charge, and (c) APR by formula. (Do...
Calculate (a) the amount financed, (b) the total finance charge, and (c) APR by formula. (Do not round intermediate calculations. Round the "Finance charge" to the nearest cent and "APR" to the nearest tenth percent.) Answer is complete but not entirely correct. Total of monthly Purchase price of a used car Down Number of Amount Total finance APR monthly payments рayment financed charge payments 17.7 % $ $ 1,173 5,573 48 4,400 5,629.76 1,229.76
Purchase Price $33,500.00 Finance Rate Table less Term No Rebate Rebate Down Payment $3,500.00 1...
Purchase Price $33,500.00 Finance Rate Table less Term No Rebate Rebate Down Payment $3,500.00 1 12.50% 19.70% Trade-in Value $4,500.00 2 14.90% 20.90% Rebate $1,000.00 3 17.30% 22.10% 4 18.50% 23.30% Loan Amount $24,500.00 5 19.70% 24.50% --------------------Term of Loan----------------------- 1 2 3 4 5 Finance Rate 19.70% 20.90% 22.10% 23.30% 24.50% Monthly Payment $2,266.03 $1,257.75 $936.93 $789.29 $711.94 Total Payment $27,192.35 $30,185.89 $33,729.63 $37,886.09 $42,716.61 Finance Charge $2,692.35 $5,685.89 $9,229.63 $13,386.09 $18,216.61 Please answer the following...
MY This Question: 1 pt 1 of 5 (0 complete) о му Cou Cash Down Amount...
MY This Question: 1 pt 1 of 5 (0 complete) о му Cou Cash Down Amount Number of Amount of Finance APR Price Payment Financed Payments Payment Charge $6000 $3000 $3000 12 $260 $ % (Finance charge per $100 of amount financed) Number of payments 5.5% 6.0% 6.5% 7.0% 7.5% 8.0% 8.5% 12 3.00 3.28 3.56 3.83 4.11 4.39 4.66 18 4.41 4.82 5.22 5.63 6.04 6.45 6.86 48 11.63 12.73 13.83 14.94 16.06 17.18 18:31 Ass Stu The finance...
1.Calculate the amount of interest that will be paid on a motorcycle loan of $9,000 with...
1.Calculate the amount of interest that will be paid on a motorcycle loan of $9,000 with a simple interest rate of 7% over the course of 5 years. 2.Calculate the amount of interest that will be paid on a house that costs $110,000 with a simple interest rate of 4% over 30 years. How much total will eventually be paid for the house? 3.A pontoon boat is being sold for $65,000. With an offer of 6% APR (simple interest)for 10...
Ricardo purchase a used car for $10,000 He wrote a check for $2,000 as a down payment for the car and financed the $23,681 balance
Ricardo purchase a used car for $10,000 He wrote a check for $2,000 as a down payment for the car and financed the $23,681 balance. The annual percentage rate (APR) is 9% compounded monthly, and the loan is to be repaid in equal monthly installments over the next four years. How much is Ricardo's monthly car payment?
Complete the following tables Purchase price of product Porsche Macan turbo Down payment Amount financed Number of monthly payments amount of monthly payment Total of monthly payments Total Finance 66,900 S 50,000 72 S
Calculate the amount financed, the finance charge, and the total deferred payment price for the following installment loan. Round your answers to the nearest cent. Purchase (Cash) Down Payment Monthly Payment Number of Payments Finance Deferred Payment Price Finance Charge 53.100 154 $258.00
U Cash Down Amount Number of Amount of Finance APR Price Payment Financed Payments Payment Charge $6000 $3000 $3000 12 $260 $ % (Finance charge per $100 of amount financed) Number of payments 5.5% 6.0% 6.5% 7.0% 7.5% 8.0% 8.5% 12 3.00 3.28 3.56 3.83 4.11 4.39 4.66 18 4.41 4.82 5.22 5.63 6.04 6.45 6.86 48 11.63 12.73 13.83 14.94 16.06 17.18 18.31 55 tu The finance charge is $ Use the APR table to find the APR. Gra...
Calculate (a) the amount financed, (b) the total finance charge, and (c) APR by formula (Do not round intermediate calculations. Round the "Finance charge to the nearest cent and "APR" to the nearest tenth percent.) Amount financed Purchase price of a used car Down payment Number of monthly payments 5,893 $ 1,333 Total finance charge APR Total of monthly payments 5,949.76
Calculate (a) the amount financed, (b) the total finance charge, and (c) APR by formula. (Do not round intermediate calculations. Round the "Finance charge" to the nearest cent and "APR" to the nearest tenth percent.) Answer is complete but not entirely correct. Total of monthly Purchase price of a used car Down Number of Amount Total finance APR monthly payments рayment financed charge payments 17.7 % $ $ 1,173 5,573 48 4,400 5,629.76 1,229.76
MY This Question: 1 pt 1 of 5 (0 complete) о му Cou Cash Down Amount Number of Amount of Finance APR Price Payment Financed Payments Payment Charge $6000 $3000 $3000 12 $260 $ % (Finance charge per $100 of amount financed) Number of payments 5.5% 6.0% 6.5% 7.0% 7.5% 8.0% 8.5% 12 3.00 3.28 3.56 3.83 4.11 4.39 4.66 18 4.41 4.82 5.22 5.63 6.04 6.45 6.86 48 11.63 12.73 13.83 14.94 16.06 17.18 18:31 Ass Stu The finance...
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