Neal is buying a new sailing boat. He can afford $1900 monthly payments. If the store charges 4.9% interest rate, compounded monthly, and Neal wants to pay off his loan in 6 years, what is the most expensive boat he can buy? Express your answer rounded to the nearest cent!
Neal is buying a new sailing boat. He can afford $1900 monthly payments. If the store...
James wants to take out a loan. He can afford to make monthly
payments of 100 dollars and wants to pay the loan off after exactly
30 years.
What is the maximum amount that James can afford to borrow if
the bank charges interest at an annual rate of 8 percent,
compounded monthly?
(Give your answer, in dollars, correct to the nearest
dollar.)
Nicola borrows 60000 dollars from a bank that charges interest
at an annual rate of 10 percent,...
Dan is contemplating treading in his car for a new one. He can afford a monthly payment of at most $400. If the prevailing interest rate is 4.2%/year compounded monthly for a 48-month loan, what is the most expensive car that dan can afford, assuming that he will receive $8000 for his trade-in?
You can afford monthly payments of $200 into an account that pays 3.3% compounded monthly. How long will it be until you have $12,000 to buy a boat?
Richard wants to buy a new car and can afford making annual payments of $5,200. His bank has offered to lend him money at 5% for 12 years. He also has $8,000 that he can use as a down payment in addition to the loan amount. How much can Rico afford to pay for his new car? A. $60,017 B. $56,788 C. $54,089 D. $51,133 E. $47,694
willie can afford monthly car payments of $200 for four years. what is the most expensive car willie can buy, if the corresponding loan has an 18% annual rate?
A young businessperson wishes to buy a house but can afford monthly payments of only $500. Thirty-year loans are available at 4.5% interest compounded monthly. What is the price of the most expensive house that she can afford to purchase. Please show your work
You can afford monthly payments of S 00 i current mortgage rates are 2 52% for a 15-year fixed rate loan. how much can you a ord to borrow, if you are re used to make a 20% down payment and you have the cash on hand to do it, how expensive a home can you a ord? Hnt: You will need to solve the loan payment formula for P) How much can you afford to borrow? Round to the...
Walt can afford monthly car payments of $140 for 3 years, starting 1 month from now. The interest rate is 4.6 percent, compounded monthly. How much can he afford to borrow to buy a car? Multiple Choice $4,961.36 $4,717.32 $4,533.80 $5,333.88 $4,699.31
4. [0/4 Points] DETAILS PREVIOUS ANSWERS Frad wants to take out a loan. Suppose he can afford to make monthly payments of 600 dollars and the bank charges interest at an annual rate of 6 percent, compounded monthly What is the maximum amount that Fred could afford to borrow if the loan is to be paid off eventually? (Give your answer, in dollars, correct to the nearest dollar) amount he can borrow = [0/4 Points) DETAILS PREVIOUS ANSWERS Derek wants...
How much car can I afford? Before buying a car, it is critical that you determine both the complete price of the vehicle and what you can afford to spend. This information is essential in deciding whether to pay cash or finance the vehicle with a loan. The difference between these two methods of payment, however, is the difference between paying the car's full price versus making a much smaller down payment and fitting the monthly payments into your budget....