A sailboat costs $18,865. You pay 25% down and amortize the rest with equal monthly payments...
Homework Answers
Loan amount = $18865 x 75% = $14148.75
Interest per period = 8.1%/12 = 0.675%
Number of payments = 13 x 12 = 156
Monthly payment = PMT(0.675%,156,14148.75,0,0)
= $146.96
Interest to be paid = $146.96 x 156 - $14148.75 = $8777.01
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sailboat costs $18,865. You pay 25% down and amortize the rest with
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thanks
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please help me solve this question АЛ A sailboat costs $28.664. You pay 10% down and...
please help me solve this question
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Can you please show all work/steps on how to solve this problem? The correct answers are...
Can you please show all work/steps on how to solve this problem?
The correct answers are included in the screenshot.
X Instructor-created question Question is graded. Grade: 0 of 1 pt Submit Grade Question Help A sailboat costs $21,455. You pay 15% down and amortize the rest with equal monthly payments over a 8-year period. If you must pay 6.9% compounded monthly, what is your monthly payment? How much interest will you pay? Monthly payments: $ 247.73 (Round to two...
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A sailboat costs $27,422. You pay 10% down and amortize the rest with equal monthly payments over a 8-year period. If you must pay 6.6% compounded monthly, what is your monthly payment? How much interest will you pay? Monthly payments: $ (Round to two decimal places.) Interest: $ (Round to two decimal places.)
A sailboat costs $18.453. You pay 15% down and amortize the rest with equal monthly payments over a 12-year period. If you must pay 7.2% compounded monthly what is your monthly payment? How much interest will you pay? Monthly payments: $ (Round to two decimal places.) Interest: $(Round to two decimal places.) ime
thanks
A sailboat costs $23,852. You pay 15% down and amortize the rest with equal monthly payments over a 11-year period. If you must pay 6.6% compounded monthly, what is your monthly payment? How much interest will you pay? Monthly payments: $ (Round to two decimal places.) Interest: $ (Round to two decimal places.)
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.)
Can you please show all work/steps on how to solve this problem?
The correct answers are included in the screenshot.
X Instructor-created question Question is graded. Grade: 0 of 1 pt Submit Grade Question Help A sailboat costs $21,455. You pay 15% down and amortize the rest with equal monthly payments over a 8-year period. If you must pay 6.9% compounded monthly, what is your monthly payment? How much interest will you pay? Monthly payments: $ 247.73 (Round to two...
10 The Langways purchase a new home for $350,000. The pay 25% down and finance the rest through a 30-year mortgage at an annual interest rate of 3.75%, compounded monthly. How much is the Langways' monthly mortgage payment?
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