Derek borrows $35,692.00 to buy a car. He will make monthly payments for 6 years. The...
Derek borrows $35,692.00 to buy a car. He will make monthly payments for 6 years. The car loan has an interest rate of 5.45%. After a 13.00 months Derek decides to pay off his car loan. How much must he give the bank?
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Derek borrows $35,692.00 to buy a car. He will make monthly
payments for 6 years. The...
Derek borrows $32,107.00 to buy a car. He will make monthly payments for 6 years. The...
Derek borrows $32,107.00 to buy a car. He will make monthly payments for 6 years. The car loan has an interest rate of 6.26%. After a 13.00 months Derek decides to pay off his car loan. How much must he give the bank?
Please include how to input into finance calculator. 1) Derek borrows $267,226.00 to buy a house....
Please include how to input into finance calculator. 1) Derek borrows $267,226.00 to buy a house. He has a 30-year mortgage with a rate of 4.72%. (A) What is the monthly mortgage payment? (B) how much does he owe on the mortgage after making 89.00 payments? 2) If he borrows $35,341.00 to buy a car. He will make monthly payments for 6 years. The car loan has an interest rate of 5.52%. After a 15.00 months Derek decides to pay...
Derek borrows $325,259.00 to buy a house. He has a 30-year mortgage with a rate of...
Derek borrows $325,259.00 to buy a house. He has a 30-year mortgage with a rate of 4.08%. After making 147.00 payments, how much does he owe on the mortgage? Derek plans to buy a $25,844.00 car. The dealership offers zero percent financing for 57.00 months with the first payment due at signing (today). Derek would be willing to pay for the car in full today if the dealership offers him $____ cash back. He can borrow money from his bank...
James wants to take out a loan. He can afford to make monthly payments of 100...
James wants to take out a loan. He can afford to make monthly
payments of 100 dollars and wants to pay the loan off after exactly
30 years.
What is the maximum amount that James can afford to borrow if
the bank charges interest at an annual rate of 8 percent,
compounded monthly?
(Give your answer, in dollars, correct to the nearest
dollar.)
Nicola borrows 60000 dollars from a bank that charges interest
at an annual rate of 10 percent,...
Derek decides to buy a new car. The dealership offers him a choice of paying $594.00...
Derek decides to buy a new car. The dealership offers him a choice of paying $594.00 per month for 5 years (with the first payment due next month) or paying some amount today. He can borrow money from his bank to buy the car. The bank requires a 5.00% interest rate. What is the most that he would be willing to pay today rather than making the payments?
5. A college student borrows $1500 during her senior year. The loan is to be paid pack in equal monthly payments startin...
5. A college student borrows $1500 during her senior year. The loan is to be paid pack in equal monthly payments starting three years after the loan is established (interest accumulates during the grace period). The APR is 2.8% compounded monthly. How much should she expect to pay per month if she only wants to have to make payments for 2 years? 6. Mary has a credit card balance of $4,300 at an APR of 12% compounded monthly. Mary has...
can you show the steps in detail please 28. Bill borrows $20,700 to buy a car...
can you show the steps in detail please
28. Bill borrows $20,700 to buy a car If he finances the loan over 4 years, his monthly payment is $505.35. How much interest will he pay on this loan?
Derek borrows $330,508.00 to buy a house. He has a 30-year mortgage with a rate of...
Derek borrows $330,508.00 to buy a house. He has a 30-year mortgage with a rate of 5.86%. After making 123.00 payments, how much does he owe on the mortgage?
Derek borrows $294,333.00 to buy a house. He has a 30-year mortgage with a rate of...
Derek borrows $294,333.00 to buy a house. He has a 30-year mortgage with a rate of 5.79%. After making 124.00 payments, how much does he owe on the mortgage?
Derek borrows $290,453.00 to buy a house. He has a 30-year mortgage with a rate of...
Derek borrows $290,453.00 to buy a house. He has a 30-year mortgage with a rate of 4.85%. After making 96.00 payments, how much does he owe on the mortgage?
James wants to take out a loan. He can afford to make monthly
payments of 100 dollars and wants to pay the loan off after exactly
30 years.
What is the maximum amount that James can afford to borrow if
the bank charges interest at an annual rate of 8 percent,
compounded monthly?
(Give your answer, in dollars, correct to the nearest
dollar.)
Nicola borrows 60000 dollars from a bank that charges interest
at an annual rate of 10 percent,...
can you show the steps in detail please
28. Bill borrows $20,700 to buy a car If he finances the loan over 4 years, his monthly payment is $505.35. How much interest will he pay on this loan?
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