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Lupe made a down payment of $2,000 toward the purchase of a new car. To pay...
Lupe made a down payment of $2500 toward the purchase of a new car. To pay...
Lupe made a down payment of $2500 toward the purchase of a new car. To pay the balance of the purchase price, she has secured a loan from her bank at the rate of 12%/year compounded monthly. Under the terms of her finance agreement she is required to make payments of $200/month for 36 months. What was the cash price of the car? (Round your answer to the nearest cent.) $
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...
The price of a new car is $28,000. Assume that an individual makes a down payment...
The price of a new car is $28,000. Assume that an individual makes a down payment of 25% toward the purchase of the car and secures financing for the balance at the rate of 10%/year compounded monthly. (Round your answers to the nearest cent.) (a) What monthly payment will she be required to make if the car is financed over a period of 48 mo? Over a period of 72 mo? 48 mo s 72 mo s (b) What will...
The price of a new car is $12.000. Assume that an Individual makes a down payment of 25 toward the purchase
The price of a new car is $12.000. Assume that an Individual makes a down payment of 25 toward the purchase of the car and secures financing for the balance at the rate of 5 compounded monthly. (Round your answers to the nearest cent.) (a) What monthly payment will she be required to make if the car is financed over a period of 36 months? (b) What will the interest charges befshe elects the 36-month plan so-month plans.
The price of a new car is $40,000. Assume that an individual makes a down payment...
The price of a new car is $40,000. Assume that an individual makes a down payment of 25% toward the purchase of the car and secures financing for the balance at the rate of 6%/year compounded monthly. (Round your answers to the nearest cent.) (a) What monthly payment will she be required to make if the car is financed over a period of 36 mo? Over a period of 48 mo? 36 mo $ 48 mo $ (b) What will...
Mrs. Landingham recently purchased a new car. In addition to her down payment she will borrow...
Mrs. Landingham recently purchased a new car. In addition to her
down payment she will borrow $10,000 to pay for the car, which she
will pay back with 60 equal monthly payments over the next five
years. The stated annual interest rate is 12%, compounded monthly.
If she receives the loan today and makes her first payment one
month from today, what will be the amount of her first payment?
I've tried so many times and I don't have any...
"Ms. Kremer would like to purchase a new condo for $102,000. She plans to make a down payment of $55,000 and to borr...
"Ms. Kremer would like to purchase a new condo for $102,000. She plans to make a down payment of $55,000 and to borrow the rest of the money from the bank. The bank charges a nominal annual interest rate of 4% compounded daily. She agrees to monthly payments to pay off the loan in 12 years. Assume Ms. Kremer has made 12 payments and would like to pay off the balance immediately after payment number 12. How much does she...
The purchase price of a car is $60,000. Mr. Posey makes a down payment of $30,000...
The purchase price of a car is $60,000. Mr. Posey makes a down payment of $30,000 and borrows the balance from a bank at 6% APR interest, compounded monthly, for 5 years. Calculate the nearest value of the required monthly payments to pay off the loan a) $ 400 b) 580 c) $600 d) $1,160
13) The purchase price of a car is $60,000. Mr. Posey makes a down payment of...
13) The purchase price of a car is $60,000. Mr. Posey makes a down payment of $30,000 and borrows the balance from a bank at 6% APR interest, compounded monthly, for 5 years. Calculate the nearest value of the required monthly payments to pay off the loan. a) $ 400 b) $ 580 c) $ 600 d) $1,160
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...
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...
The price of a new car is $28,000. Assume that an individual makes a down payment of 25% toward the purchase of the car and secures financing for the balance at the rate of 10%/year compounded monthly. (Round your answers to the nearest cent.) (a) What monthly payment will she be required to make if the car is financed over a period of 48 mo? Over a period of 72 mo? 48 mo s 72 mo s (b) What will...
The price of a new car is $40,000. Assume that an individual makes a down payment of 25% toward the purchase of the car and secures financing for the balance at the rate of 6%/year compounded monthly. (Round your answers to the nearest cent.) (a) What monthly payment will she be required to make if the car is financed over a period of 36 mo? Over a period of 48 mo? 36 mo $ 48 mo $ (b) What will...
Mrs. Landingham recently purchased a new car. In addition to her
down payment she will borrow $10,000 to pay for the car, which she
will pay back with 60 equal monthly payments over the next five
years. The stated annual interest rate is 12%, compounded monthly.
If she receives the loan today and makes her first payment one
month from today, what will be the amount of her first payment?
I've tried so many times and I don't have any...
The purchase price of a car is $60,000. Mr. Posey makes a down payment of $30,000 and borrows the balance from a bank at 6% APR interest, compounded monthly, for 5 years. Calculate the nearest value of the required monthly payments to pay off the loan a) $ 400 b) 580 c) $600 d) $1,160
13) The purchase price of a car is $60,000. Mr. Posey makes a down payment of $30,000 and borrows the balance from a bank at 6% APR interest, compounded monthly, for 5 years. Calculate the nearest value of the required monthly payments to pay off the loan. a) $ 400 b) $ 580 c) $ 600 d) $1,160
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...
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