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Marie purchased a car and financed her purchase with a loan at 7% interest. Her payments...
Marie purchased a car and took out a loan for the $14,663.61 purchase, at 7% interest...
Marie purchased a car and took out a loan for the $14,663.61 purchase, at 7% interest for 6 years. If she has 4 years left on her loan, what is her remaining balance?
Marie wants to purchase a car and finance her purchase with a 4 year loan at...
Marie wants to purchase a car and finance her purchase with a 4 year loan at 7% interest. If she wants her payments to be $250 per month, how much can she finance with this loan? Quiz navig UUDI Not complete Scored out of Answer question Finish attempt Check Time left 0:36:2
Question 3 Marie purchased a car and took out a loan for the $14.663.61 purchase, at...
Question 3 Marie purchased a car and took out a loan for the $14.663.61 purchase, at 7% interest for 6 years. If she has 4 years left on her loan, what is her remaining balance? incorrect Score 0.00 out of 100 Anwer: Check
Rachel purchased a car for $18,500 three years ago using a 4-year loan with an interest...
Rachel purchased a car for $18,500 three years ago using a 4-year loan with an interest rate of 9.0 percent. She has decided that she would sell the car now, if she could get a price that would pay off the balance of her loan. What is the minimum price Rachel would need to receive for her car? Calculate her monthly payments, then use those payments and the remaining time left to compute the present value (called balance) of the...
Rachel purchased a car for $18,000 three years ago using a 4-year loan with an interest...
Rachel purchased a car for $18,000 three years ago using a 4-year loan with an interest rate of 7.2 percent. She has decided that she would sell the car now, if she could get a price that would pay off the balance of her loon. What is the minimum price Rachel would need to receive for her car? Calculate her monthly payments, then use those payments and the remaining time left to compute the present value (called balance) of the...
Rachel purchased a car for $22.000 three years ago using a 4-year loan with an interest...
Rachel purchased a car for $22.000 three years ago using a 4-year loan with an interest rate of 10.8 percent. She has decided that she would sell the car now, if she could get a price that would pay off the balance What is the minimum price Rachel would need to the remaining time left to compute the present and round your final answer to 2 decimal places.) lve for her car? Calculate her monthly payments, then use those payments...
• 1) A new car is purchased and a $20,000 loan is taken. The loan is...
• 1) A new car is purchased and a $20,000 loan is taken. The loan is for 5 years (60 months) and the interest rate is 7.9% compounded monthly. What is the monthly payment? • 2)A new car is purchased and a $20,000 loan is taken. The loan is for 5 years (60 months) and the interest rate is 7.9% compounded monthly. What is the balance after 3 years? . 3) A new car is purchased and a $30,000 loan...
Hank purchased a car for $23,000 two years ago using a 5-year loan with an interest...
Hank purchased a car for $23,000 two years ago using a 5-year loan with an interest rate of 9.0 percent. He has decided that he would sell the car now. if he could get a price that would pay off the balance of his loan. Skopped What's the minimum price Hank would need to receive for his car? Calculate his monthly payments, then use those payments and the remaining time left to compute the present value (called balance) of the...
To purchase a car, Sarah took out a 60-month loan for $34.700 with a 7.7% annual...
To purchase a car, Sarah took out a 60-month loan for $34.700 with a 7.7% annual interest rate. After making 41 payments, Sarah received a bonus from work and plans to use it to pay off the remaining balance Calculate Sarah's monthly payment and the amount needed to pay off her loan Sarah's monthly payment is (Round to the nearest cent.) The amount needed to pay off this loan with (Round to the nearest cent.) payments remaining is Enter your...
An installment contract for the purchase of a car requires payments of $328.37 at the end...
An installment contract for the purchase of a car requires payments of $328.37 at the end of each month for 5.75 years. Interest is 7% per annum compounded monthly (a) What is the amount financed? (b) How much is the interest cost? (a) The amount financed is $. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b) The interest is $7 (Round the final answer to the nearest...
Marie wants to purchase a car and finance her purchase with a 4 year loan at 7% interest. If she wants her payments to be $250 per month, how much can she finance with this loan? Quiz navig UUDI Not complete Scored out of Answer question Finish attempt Check Time left 0:36:2
Question 3 Marie purchased a car and took out a loan for the $14.663.61 purchase, at 7% interest for 6 years. If she has 4 years left on her loan, what is her remaining balance? incorrect Score 0.00 out of 100 Anwer: Check
Rachel purchased a car for $18,000 three years ago using a 4-year loan with an interest rate of 7.2 percent. She has decided that she would sell the car now, if she could get a price that would pay off the balance of her loon. What is the minimum price Rachel would need to receive for her car? Calculate her monthly payments, then use those payments and the remaining time left to compute the present value (called balance) of the...
Rachel purchased a car for $22.000 three years ago using a 4-year loan with an interest rate of 10.8 percent. She has decided that she would sell the car now, if she could get a price that would pay off the balance What is the minimum price Rachel would need to the remaining time left to compute the present and round your final answer to 2 decimal places.) lve for her car? Calculate her monthly payments, then use those payments...
• 1) A new car is purchased and a $20,000 loan is taken. The loan is for 5 years (60 months) and the interest rate is 7.9% compounded monthly. What is the monthly payment? • 2)A new car is purchased and a $20,000 loan is taken. The loan is for 5 years (60 months) and the interest rate is 7.9% compounded monthly. What is the balance after 3 years? . 3) A new car is purchased and a $30,000 loan...
Hank purchased a car for $23,000 two years ago using a 5-year loan with an interest rate of 9.0 percent. He has decided that he would sell the car now. if he could get a price that would pay off the balance of his loan. Skopped What's the minimum price Hank would need to receive for his car? Calculate his monthly payments, then use those payments and the remaining time left to compute the present value (called balance) of the...
To purchase a car, Sarah took out a 60-month loan for $34.700 with a 7.7% annual interest rate. After making 41 payments, Sarah received a bonus from work and plans to use it to pay off the remaining balance Calculate Sarah's monthly payment and the amount needed to pay off her loan Sarah's monthly payment is (Round to the nearest cent.) The amount needed to pay off this loan with (Round to the nearest cent.) payments remaining is Enter your...
An installment contract for the purchase of a car requires payments of $328.37 at the end of each month for 5.75 years. Interest is 7% per annum compounded monthly (a) What is the amount financed? (b) How much is the interest cost? (a) The amount financed is $. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b) The interest is $7 (Round the final answer to the nearest...
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