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Can you solve this for me please?
5. You bou ght a used car for $4,000.00...
Can you solve a and b please? bought a used car for $4,000.00 at a nominal...
Can
you solve a and b please?
bought a used car for $4,000.00 at a nominal interest rate of 6%. You agreed at the time of the purchase of the car. a) What is the monthly payment? b) Immediately after making the fifth payment, you made an arrangement with 5. You to pay for the car i 12 equamh ayments,beginning with the first payment r in 12 equal monthly payments the company to pay back the rest of the loan...
5. You bought a used car for $4,000.00 at a nominal interest rate of 6%. You...
5. You bought a used car for $4,000.00 at a nominal interest rate of 6%. You agreed to pay for the car in 12 equal monthly payments, beginning with the first payment at the time of the purchase of the car. a) What is the monthly payment? b) Immediately after making the fifth payment, you made an arrangement with the company to pay back the rest of the loan with one single payment at the time when the sixth payment...
Solve the cash flow equivalence below for the unknown value of Q assuming an 7% annual...
Solve the cash flow equivalence below for the unknown value of Q assuming an 7% annual interest rate. 1. 800 4i Q 70 o0 i23 2 2, You borrowed $6,000.00 for 5 years at 7% annual interest rate. The banker said that to repay the total loan amount you have to pay $1,463 at the end of each year. a) Draw a time line depicting this cash low b) Build a table to determine how much of the annual payment...
Can you solve this problem for me please? 4 3. You borrowed $4,000.00 at 1% per...
Can you solve this problem for me please?
4 3. You borrowed $4,000.00 at 1% per month and agreed to repay in equal monthly payments over the next 3 years. What is your monthly payment?
You borrowed $4,000.00 at 1% per month and agreed to repay in equal monthly payments over...
You borrowed $4,000.00 at 1% per month and agreed to repay in equal monthly payments over the next 3 years. What is your monthly payment? 3. You borrowed $10,000.00 which is to be repaid in equal quarterly payments of $1,336.00 over the next 2 years 4. a) Determine the interest rate per interest period based on quarterly compounding. b) What are the nominal and effective interest rates?
An engineering student bought a car at a local used car lot. Including tax and insurance,...
An engineering student bought a car at a local used car lot. Including tax and insurance, the total price was $15,000. He is to pay for the car in 13 equal monthly payments, beginning with the first pay- ment immediately (the first payment is the down payment). Nominal interest on the loan is 12%, com- 4-38 monthly. After six payments he decides to sell the car. A buyer agrees to pay off the loan in full and to pay the...
13-19 odd please 13. A $10,000 loan is to be amortized for 10 years with quarterly...
13-19 odd please
13. A $10,000 loan is to be amortized for 10 years with quarterly payments of $334.27. If the interest rate is 6% compounded quarterly, what is the unpaid balance immediately after the sixth payment? 14. A debt of $8000 is to be amortized with 8 equal semi- annual payments of $1288.29. If the interest rate is 12% compounded semiannually, find the unpaid balance immediately after the fifth payment. 15. When Maria Acosta bought a car 2 years...
An example is a car purchase where you might pay $3,500 down and borrow $31,000 towards...
An example is a car purchase where you might pay $3,500 down and borrow $31,000 towards a $34,500 car. If the annual interest rate is 5.45%, you will be making 60 monthly payments and if these payments completely pay off the loan so that no money is due at the end of these payments, what would be the amount of your monthly payment? Assume that the payment is made at the end of each month. Include the equation you used...
please help me solve this question АЛ A sailboat costs $28.664. You pay 10% down and...
please help me solve this question
АЛ A sailboat costs $28.664. You pay 10% down and amortize the rest with equal monthly payments over a 10 year period. If you must pay 6.6% compounded monthly, what is your monthly payment? How much interest will you pay? Monthly payments: 5 (Round to two decimal places. interest: $(Round to two decimal places.)
please help me to solve a, b, c. You take out an $8,100 car loan that...
please help me to solve a, b, c.
You take out an $8,100 car loan that calls for 36 monthly payments starting after 1 month at an APR of 9%. a. What is your monthly payment? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Monthly payment b. What is the effective annual interest rate on the loan? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Effective annual interest...
Can
you solve a and b please?
bought a used car for $4,000.00 at a nominal interest rate of 6%. You agreed at the time of the purchase of the car. a) What is the monthly payment? b) Immediately after making the fifth payment, you made an arrangement with 5. You to pay for the car i 12 equamh ayments,beginning with the first payment r in 12 equal monthly payments the company to pay back the rest of the loan...
5. You bought a used car for $4,000.00 at a nominal interest rate of 6%. You agreed to pay for the car in 12 equal monthly payments, beginning with the first payment at the time of the purchase of the car. a) What is the monthly payment? b) Immediately after making the fifth payment, you made an arrangement with the company to pay back the rest of the loan with one single payment at the time when the sixth payment...
Solve the cash flow equivalence below for the unknown value of Q assuming an 7% annual interest rate. 1. 800 4i Q 70 o0 i23 2 2, You borrowed $6,000.00 for 5 years at 7% annual interest rate. The banker said that to repay the total loan amount you have to pay $1,463 at the end of each year. a) Draw a time line depicting this cash low b) Build a table to determine how much of the annual payment...
Can you solve this problem for me please?
4 3. You borrowed $4,000.00 at 1% per month and agreed to repay in equal monthly payments over the next 3 years. What is your monthly payment?
You borrowed $4,000.00 at 1% per month and agreed to repay in equal monthly payments over the next 3 years. What is your monthly payment? 3. You borrowed $10,000.00 which is to be repaid in equal quarterly payments of $1,336.00 over the next 2 years 4. a) Determine the interest rate per interest period based on quarterly compounding. b) What are the nominal and effective interest rates?
An engineering student bought a car at a local used car lot. Including tax and insurance, the total price was $15,000. He is to pay for the car in 13 equal monthly payments, beginning with the first pay- ment immediately (the first payment is the down payment). Nominal interest on the loan is 12%, com- 4-38 monthly. After six payments he decides to sell the car. A buyer agrees to pay off the loan in full and to pay the...
13-19 odd please
13. A $10,000 loan is to be amortized for 10 years with quarterly payments of $334.27. If the interest rate is 6% compounded quarterly, what is the unpaid balance immediately after the sixth payment? 14. A debt of $8000 is to be amortized with 8 equal semi- annual payments of $1288.29. If the interest rate is 12% compounded semiannually, find the unpaid balance immediately after the fifth payment. 15. When Maria Acosta bought a car 2 years...
please help me solve this question
АЛ A sailboat costs $28.664. You pay 10% down and amortize the rest with equal monthly payments over a 10 year period. If you must pay 6.6% compounded monthly, what is your monthly payment? How much interest will you pay? Monthly payments: 5 (Round to two decimal places. interest: $(Round to two decimal places.)
please help me to solve a, b, c.
You take out an $8,100 car loan that calls for 36 monthly payments starting after 1 month at an APR of 9%. a. What is your monthly payment? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Monthly payment b. What is the effective annual interest rate on the loan? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Effective annual interest...
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