Homework Answers
![Afford monthly payments S563 Term 60 Month:s Interest rate-3.990 * 1/12-0.325 % Per month Amount we can borrow - Present value of monthly payments Monthly payment [1-(1+I-n/I -S563 * [ 1-( 1 +0.32500)^-60 ] / 0.325% - S5631 0.82309487]/0.00325 - S563 54.4323473 - S30,645.4115 S30,645.41 (Rounded) Total amount of interest we will pay for this loanTotal amount paying - Amount of loan - S563 Per Month * 60 Months - S30,645.41 - S3,134.59](http://img.homeworklib.com/questions/79e1f190-74e9-11ea-b60f-d5ab38f5c5c5.png?x-oss-process=image/resize,w_560)
Please give me complete details on how to do this. E-Loan, an online lending service, recently...
Please give me complete details on how to do this.
E-Loan, an online lending service, recently offered 48-month auto loans at 4.2% compounded monthly to applicants with good credit ratings. If you have a good credit rating and can afford monthly payments of $360, how much can you borrow from E-Loan? What is the total interest you will pay for this loan? You can borrow $(Round to two decimal places.) You will pay a total of Sin interest. (Round to...
1. a) A company estimates that it will need $53,000 in 17 years to replace a...
1. a) A company estimates that it will need $53,000 in 17 years to replace a computer. If it establishes a sinking fund by making fixed monthly payments into an account paying 4.8% compounded monthly, how much should each payment be? b) American General offers a 8-year annuity with a guaranteed rate of 6.05% compounded annually. How much should you pay for one of these annuities if you want to receive payments of $1400 annually over the 8 year period?...
Score: 0 of 1 pt 6 of 9 (3 complete) HW Score: 22.22 % , 2...
Score: 0 of 1 pt 6 of 9 (3 complete) HW Score: 22.22 % , 2 of 9 pts P 5-26 (similar to) Question Help You have an outstanding student loan with required payments of $600 per month for the next four years The interest rate on the loan is 8 % APR (compounded monthly). Now that you realize your best investment is to prepay your student loan, you decide to prepay as much as you can each month. Looking...
core: 0 of 1 pt HW Score: 75%, 4.5 of 6 p Bus Econ 5.4.50 Question...
core: 0 of 1 pt HW Score: 75%, 4.5 of 6 p Bus Econ 5.4.50 Question Help A n w employee charged S 7640 on his credit card to relocate for his rst job. After noticing that the interest rate for his balance was 18% compounded monthly, he stopped charging on that account. He wishes to pay off his balance in 2 years using automatic payments sent at the end of each month. a. What monthly payment must he make...
Homework: Homework 4D - Loan Payments, Credit Cards, Mortga Save Score: 0 of 1 pt 7...
Homework: Homework 4D - Loan Payments, Credit Cards, Mortga Save Score: 0 of 1 pt 7 of 10 (7 complete) HW Score: 55%, 5.5 of 10 pts 4.D.27 Question Help Someone needs to borrow $11,000 to buy a car and the person has determined that monthly payments of $250 are affordable. The bank offers a 3-year loan at 7% APR, a 4-year loan at 7.5%, or a 5-year loan at 8% APR. Which loan best meets the person's needs? Explain....
Score: 0 of 1 pt 3 of 10 (3 complete) HW Score: 296, 0.2 of 10...
Score: 0 of 1 pt 3 of 10 (3 complete) HW Score: 296, 0.2 of 10 pts 3 P9-3 (similar to Question Help | * Before-tax cost of debt and after-tax cost of debt David Abbot is buying a new house, and he is taking out a 30-year mortgage David will borrow $200,000 from a bank, and payments on his a. What is the before-tax interest rate (per year) on David's loan? b. What is the after-tax interest rate that...
1.Your auto insurance premium of $2200 is due today. You insurance company is giving you the...
1.Your auto insurance premium of $2200 is due today. You insurance company is giving you the "easy financing" option of making 12 monthly payments, with the 1st payment starting today. The interest rate on this financing option is 17.00% with monthly compounding. What's the monthly payment amount? Final answer would be 197.85. 2.A young couple decide to take advantage the current first-time home buyer credit and buy a new house. With their combined income, they can afford to make a...
14 of 20 (12 complete) HV. Score: 0 of 1 pt 8.6.5 Suppose that you are...
14 of 20 (12 complete) HV. Score: 0 of 1 pt 8.6.5 Suppose that you are thinking about buying a car and have narrowed down your choices to two options The new car option: The new car costs $32,000 and can be financed with a five-year loan at 6.63%. The used car option: A three year old model of the same car costs $13,000 and can be financed with a five-year loan at 5.56%. What is the difference in monthly...
Score: 0 of 1 pt 3 of 20 (2 complete) HW Sce Problem 5-5 (similar to)...
Score: 0 of 1 pt 3 of 20 (2 complete) HW Sce Problem 5-5 (similar to) (Present value) What is the present value of the following future amounts? a. $900 to be received 9 years from now discounted back to the present at 11 percent b. $200 to be received 6 years from now disc be received 6 years from now discounted back to the present at 9 percent c. $1,100 to be received 13 years from now discounted back...
please answer and explain Homework! Chapter 5 Homework Save Score: 0 of 1 pt 1 of...
please answer and explain
Homework! Chapter 5 Homework Save Score: 0 of 1 pt 1 of 12 (5 complete) HW Score: 25%, 3 of 12 pts P5-2 (similar to) IE Question Help Periodic interest rates. You have a savings account in which you leave the funds for one year without adding to or withdrawing from the account. Which would you rather have: a daily compounded rate of 0.045%, a weekly compounded rate of 0.325%, a monthly compounded rate of 1.15%,...
Please give me complete details on how to do this.
E-Loan, an online lending service, recently offered 48-month auto loans at 4.2% compounded monthly to applicants with good credit ratings. If you have a good credit rating and can afford monthly payments of $360, how much can you borrow from E-Loan? What is the total interest you will pay for this loan? You can borrow $(Round to two decimal places.) You will pay a total of Sin interest. (Round to...
Score: 0 of 1 pt 6 of 9 (3 complete) HW Score: 22.22 % , 2 of 9 pts P 5-26 (similar to) Question Help You have an outstanding student loan with required payments of $600 per month for the next four years The interest rate on the loan is 8 % APR (compounded monthly). Now that you realize your best investment is to prepay your student loan, you decide to prepay as much as you can each month. Looking...
core: 0 of 1 pt HW Score: 75%, 4.5 of 6 p Bus Econ 5.4.50 Question Help A n w employee charged S 7640 on his credit card to relocate for his rst job. After noticing that the interest rate for his balance was 18% compounded monthly, he stopped charging on that account. He wishes to pay off his balance in 2 years using automatic payments sent at the end of each month. a. What monthly payment must he make...
Homework: Homework 4D - Loan Payments, Credit Cards, Mortga Save Score: 0 of 1 pt 7 of 10 (7 complete) HW Score: 55%, 5.5 of 10 pts 4.D.27 Question Help Someone needs to borrow $11,000 to buy a car and the person has determined that monthly payments of $250 are affordable. The bank offers a 3-year loan at 7% APR, a 4-year loan at 7.5%, or a 5-year loan at 8% APR. Which loan best meets the person's needs? Explain....
Score: 0 of 1 pt 3 of 10 (3 complete) HW Score: 296, 0.2 of 10 pts 3 P9-3 (similar to Question Help | * Before-tax cost of debt and after-tax cost of debt David Abbot is buying a new house, and he is taking out a 30-year mortgage David will borrow $200,000 from a bank, and payments on his a. What is the before-tax interest rate (per year) on David's loan? b. What is the after-tax interest rate that...
14 of 20 (12 complete) HV. Score: 0 of 1 pt 8.6.5 Suppose that you are thinking about buying a car and have narrowed down your choices to two options The new car option: The new car costs $32,000 and can be financed with a five-year loan at 6.63%. The used car option: A three year old model of the same car costs $13,000 and can be financed with a five-year loan at 5.56%. What is the difference in monthly...
Score: 0 of 1 pt 3 of 20 (2 complete) HW Sce Problem 5-5 (similar to) (Present value) What is the present value of the following future amounts? a. $900 to be received 9 years from now discounted back to the present at 11 percent b. $200 to be received 6 years from now disc be received 6 years from now discounted back to the present at 9 percent c. $1,100 to be received 13 years from now discounted back...
please answer and explain
Homework! Chapter 5 Homework Save Score: 0 of 1 pt 1 of 12 (5 complete) HW Score: 25%, 3 of 12 pts P5-2 (similar to) IE Question Help Periodic interest rates. You have a savings account in which you leave the funds for one year without adding to or withdrawing from the account. Which would you rather have: a daily compounded rate of 0.045%, a weekly compounded rate of 0.325%, a monthly compounded rate of 1.15%,...
Most questions answered within 3 hours.
-
The current risk-free rate is 4.0% and the market risk premium
is 5.0%. If Ford Motor...
asked 7 minutes ago -
Advances in technology have increased our opportunities to
connect with others. Along with the benefits of...
asked 15 minutes ago -
Compute the interest rate at which $500 per month payments
should grow to accumulate savings of...
asked 16 minutes ago -
The following information pertains to a weekly payroll of Texera
Tile Company:
a. The total wages...
asked 18 minutes ago -
Alice has the RSA public key (n, e) = (11413, 251) and private
key d =...
asked 31 minutes ago -
QUESTION 5
A drug or medicine can reach the brain more effectively by
placing the drug...
asked 35 minutes ago -
Developmental biology
A mouse contains a mutation that results in a failure of their
long
bones...
asked 31 minutes ago -
Rammazzotti, Inc., is looking for feedback on company
performance. The company compares the budget for the...
asked 36 minutes ago -
A manufacturer of chocolate chips would like to know whether its
bag filling machine works correctly...
asked 45 minutes ago -
Consider the student registration business process at
your college:
1.)Describe the steps necessary for you to...
asked 52 minutes ago -
when released from rest at point A, an unknown ion moves to
point B. At point...
asked 44 minutes ago -
A stock is expected to pay the following dividends: $1.1
four years from now, $1.4 five...
asked 49 minutes ago