The interest rate on a car loan has decreased 33.8% over the last 10 years and...
The interest rate on a car loan has decreased 33.8% over the last 10 years and is now 9.3%. What was the rate 10 years ago? (Express your answer rounded correctly to the nearest tenth of a percent!) %
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The interest rate on a car loan has decreased 33.8% over the
last 10 years and...
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 $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...
For the car loan described, give the following information. A car dealer will sell you the...
For the car loan described, give the following information. A car dealer will sell you the $30,650 car of your dreams for $6,000 down and payments of $661.06 per month for 60 months. (a) amount to be paid (b) amount of interest $ (c) interest rate (Round your answer to two decimal places.) (d) APR (rounded to the nearest tenth of a percent)
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...
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...
For the car loan described, give the following information. A car dealer will sell you the...
For the car loan described, give the following information. A car dealer will sell you the $30,850 car of your dreams for $6,000 down and payments of $663.06 per month for 60 months. (a) amount to be paid $ 45783.6 (b) amount of interest $ 14933.6 (c) interest rate (Round your answer to two decimal places.) X % (d) APR (rounded to the nearest tenth of a percent) X %
.-Hank purchased a $20,000 car two years ago using an 8 percent, 5-year loan. He has...
.-Hank purchased a $20,000 car two years ago using an 8 percent, 5-year loan. 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. What is the minimum price Hank would need to receive for his car? -Assume that you contribute $300 per month to a retirement plan for 25 years. Then you are able to increase the contribution to $500 per month for 20...
ou have a car loan with a nominal rate of 9.54 percent. With interest charged monthly,...
ou have a car loan with a nominal rate of 9.54 percent. With interest charged monthly, what is the effective annual rate (EAR) on this loan? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)
You have a car loan with a nominal rate of 4.95 percent. With interest charged monthly,...
You have a car loan with a nominal rate of 4.95 percent. With interest charged monthly, what is the effective annual rate (EAR) on this loan? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)
For the car loan described, give the following information. A newspaper advertisement offers a $9,000 car...
For the car loan described, give the following information. A newspaper advertisement offers a $9,000 car for nothing down and 36 easy monthly payments of $332.50. (a) amount to be paid (b) amount of interest $ (c) interest rate 1 % (d) APR (rounded to the nearest tenth of a percent)
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...
For the car loan described, give the following information. A car dealer will sell you the $30,650 car of your dreams for $6,000 down and payments of $661.06 per month for 60 months. (a) amount to be paid (b) amount of interest $ (c) interest rate (Round your answer to two decimal places.) (d) APR (rounded to the nearest tenth of a percent)
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...
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...
For the car loan described, give the following information. A car dealer will sell you the $30,850 car of your dreams for $6,000 down and payments of $663.06 per month for 60 months. (a) amount to be paid $ 45783.6 (b) amount of interest $ 14933.6 (c) interest rate (Round your answer to two decimal places.) X % (d) APR (rounded to the nearest tenth of a percent) X %
For the car loan described, give the following information. A newspaper advertisement offers a $9,000 car for nothing down and 36 easy monthly payments of $332.50. (a) amount to be paid (b) amount of interest $ (c) interest rate 1 % (d) APR (rounded to the nearest tenth of a percent)
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