plz use formula to solve not calc
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plz use formula to solve not calc
earns 17o CfrectivC 2. The cash price of an...
Please show complete work. Thank you -) At what effective rate of interest will be present...
Please show complete work. Thank you
-) At what effective rate of interest will be present value of $1,000 at the end of 2 years and $3,000 at the end of 4 years be equal to $10,000? 2) John loves sports cars and needs to finance $25,000 of total purchase price of a new cam A loan is selected having 48 monthly level payments with a lender charging 6% convertible monthly. However, the lender informs the buyer that their policy...
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
Hello dear, Please i need help to solve this problem in Finance 1. Apply What You’ve...
Hello dear, Please i need help to solve this problem in Finance 1. Apply What You’ve Learned - Auto Purchase Scenario: You are in the market for a new car. You do not have a trade-in, but you have saved $2,500 toward a down payment. You currently earn $4,000.00 gross monthly income, of which 35% is withheld for various deductions. You have heard of the 20% rule of thumb, but want to limit your payments to no more than 15%...
Lease vs. purchase car decision. Use Worksheet 5.1.
2. Lease vs. purchase car decision. Use Worksheet 5.1. Chris Svenson is trying to decide whether to lease or purchase a new car costing $18,000. If he leases, he’ll have to pay a $600 security deposit and monthly payments of $425 over the 36 month term of the closed-end lease. On the other hand, if he buys the car then he’ll have to make a $2,400 down payment and will finance the balance with a 36-month loan requiring monthly payments...
Problem 2-Buying a Car You see a car that you absolutely must have. The price tag...
Problem 2-Buying a Car You see a car that you absolutely must have. The price tag says $18,450, but you want to keep your payment low over a 4-year period. Since you want to make payments no larger than $250 at the end of every month, you must find a bank to finance a loan for you. The bank you find charges interest at a rate of 6.99% compounded monthly. Use this information to find the following: The amount you...
5. The lease versus purchase analysis - Part 2 Which Is Better: To Lease or To...
5. The lease versus purchase analysis - Part 2 Which Is Better: To Lease or To Buy? A car buyer has two financing alternatives: to lease or to purchase. It is important to evaluate all the options and analyze the consequences of lease versus purchase decision. The understanding of a comparative worksheet that analyzes the automobile lease versus purchase decision will help in making an informed choice. How should a lease-versus-purchase analysis be conducted? How can this worksheet be applied...
Assessment activity: Chapter 05- Making Automobile and Housing Decisions buy analysis- Part 2 10. Rent vers...
Assessment activity: Chapter 05- Making Automobile and Housing Decisions buy analysis- Part 2 10. Rent versus Aa Aa Which Is Better: To Rent or To Buy? The decision of whether to rent or buy housing is a personal decision that is based on both your lifestyle and your finances. While most financial experts argue that the financial aspect of the decision is important, it is also important not to base your rent-or-buy decision solely on the numbers. Your personal needs...
Please help me do 2 questions! I can't do that! Thank you. r 6. 0/1 points | Previous Answers TanApMath7 4.2.021 My...
Please help me do 2 questions! I can't do that! Thank
you.
r 6. 0/1 points | Previous Answers TanApMath7 4.2.021 My Notes Ask Your Teacher Luis has丰190,000 in his retirement account at his present company. Because he is assuming a position with another company, Luis is planning to "roll over" his assets to a new account. Luis also plans to put $2000 quarter into the new account until his retirement 30 years from now the new account earns interest...
finance
Suppose you are able to negotiate a selling price of 95% of the MSRP. Write the selling price into the Selling Price line of the contract. You may carry this value down to the Price After Equipment Change line. 4. Assume you have no trade-in. Write your selling price in the Taxable Total line of the contract. 5. [0.5 pt] Calculate the sales tax and write this amount in the Sales Tax line of the contract. In the state of...
11. [-/0.1 Points] DETAILS TANAPMATHS 4.2.022 MY NOTES PRACTICE ANOTHER Luis has $140,000 in his retirement...
11. [-/0.1 Points] DETAILS TANAPMATHS 4.2.022 MY NOTES PRACTICE ANOTHER Luis has $140,000 in his retirement account at his present company. Because he is assuming a position with another company, Luis is planning to roll over his assets to a new account. Luis also plans to put $3500/quarter into the new account until his retirement 30 yr from now. If the account earns interest at the rate of 7%./year compounded quarterly, how much will Luis have in his account at...
Please show complete work. Thank you
-) At what effective rate of interest will be present value of $1,000 at the end of 2 years and $3,000 at the end of 4 years be equal to $10,000? 2) John loves sports cars and needs to finance $25,000 of total purchase price of a new cam A loan is selected having 48 monthly level payments with a lender charging 6% convertible monthly. However, the lender informs the buyer that their policy...
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
Problem 2-Buying a Car You see a car that you absolutely must have. The price tag says $18,450, but you want to keep your payment low over a 4-year period. Since you want to make payments no larger than $250 at the end of every month, you must find a bank to finance a loan for you. The bank you find charges interest at a rate of 6.99% compounded monthly. Use this information to find the following: The amount you...
5. The lease versus purchase analysis - Part 2 Which Is Better: To Lease or To Buy? A car buyer has two financing alternatives: to lease or to purchase. It is important to evaluate all the options and analyze the consequences of lease versus purchase decision. The understanding of a comparative worksheet that analyzes the automobile lease versus purchase decision will help in making an informed choice. How should a lease-versus-purchase analysis be conducted? How can this worksheet be applied...
Assessment activity: Chapter 05- Making Automobile and Housing Decisions buy analysis- Part 2 10. Rent versus Aa Aa Which Is Better: To Rent or To Buy? The decision of whether to rent or buy housing is a personal decision that is based on both your lifestyle and your finances. While most financial experts argue that the financial aspect of the decision is important, it is also important not to base your rent-or-buy decision solely on the numbers. Your personal needs...
Please help me do 2 questions! I can't do that! Thank
you.
r 6. 0/1 points | Previous Answers TanApMath7 4.2.021 My Notes Ask Your Teacher Luis has丰190,000 in his retirement account at his present company. Because he is assuming a position with another company, Luis is planning to "roll over" his assets to a new account. Luis also plans to put $2000 quarter into the new account until his retirement 30 years from now the new account earns interest...
11. [-/0.1 Points] DETAILS TANAPMATHS 4.2.022 MY NOTES PRACTICE ANOTHER Luis has $140,000 in his retirement account at his present company. Because he is assuming a position with another company, Luis is planning to roll over his assets to a new account. Luis also plans to put $3500/quarter into the new account until his retirement 30 yr from now. If the account earns interest at the rate of 7%./year compounded quarterly, how much will Luis have in his account at...
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