You have saved $6546 for a down payment on a new car. The monthly payment you...
You have saved $6546 for a down payment on a new car. The monthly payment you can afford is $441. You will make payments for 48 months (starting 1 month from today). If the relevant interest rate is 0.89% per month (this is an Effective Monthly Rate), the price of the car you can afford (taking into account the down payment as well) is $_______________.
Do not round any intermediate work. Round your final answer to 2 decimal places
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You have saved $6546 for a down payment on a new car. The
monthly payment you...
Question 8 5 pts You have saved $2,574 for a down payment on a new car....
Question 8 5 pts You have saved $2,574 for a down payment on a new car. The monthly payment you can afford is $472. You will make payments for 48 months (starting 1 month from today). If the relevant interest rate is 0.69% per month (this is an Effective Monthly Rate), the price of the car you can afford (taking into account the down payment as well) is $ [Hint: This problem is similar to #5, except that in this...
You have saved $5,000 for a down payment on a new car. The largest monthly payment...
You have saved $5,000 for a down payment on a new car. The largest monthly payment you can afford is $500. The loan will have a 8% APR based on end-of-month payments. What is the most expensive car you can afford if you finance it for 48 months? A. $40,522.08 B. $50,647.21 C. $15,250.09 D. $30,476.12 E. $25,480.96
EBook 1. You have saved $5,000 for a down payment on a new car. The largest monthly payment you ...
eBook 1. You have saved $5,000 for a down payment on a new car. The largest monthly payment you can afford is $400. The loan will have an 11% APR based on end-of-month payments. What is the most expensive car you can afford if you finance it for 48 months? Do not round intermediate calculations. Round your answer to the nearest cent. $ What is the most expensive car you can afford if you finance it for 60 months? Do...
eBook 1. You have saved $5,000 for a down payment on a new car. The largest...
eBook 1. You have saved $5,000 for a down payment on a new car. The largest monthly payment you can afford is $400. The loan will have an 11% APR based on end-of-month payments. What is the most expensive car you can afford if you finance it for 48 months? Do not round intermediate calculations. Round your answer to the nearest cent. $ What is the most expensive car you can afford if you finance it for 60 months? Do...
You want to buy a new car, but you can make an initial payment of only...
You want to buy a new car, but you can make an initial payment of only $1,200 and can afford monthly payments of at most $850. . If the APR on auto loans is 12% and you finance the purchase over 48 months, what is the maximum price you can pay for the car? Do not round intermediate calculations. Round your answer to 2 decimal places.) Maximum price o. How much can you afford if you finance the purchase over...
I need to find the solutions using a BA 2 Plus financial calculator NOT through excel....
I need to find the solutions using a BA 2 Plus financial
calculator NOT through excel. 5 and 6 are not
needed But 9 and 10 are very important.
Question 5 5 pts You are taking out a car loan and will make payments of $315 each month (beginning one month from today). for a total of 60 monthly payments. If the interest rate on the loan is 0.83% (the effective monthly rate on this loan), how much are you...
10. Problem 5.26 Click here to read the eBook: Present Values PV AND LOAN ELIGIBILITY You...
10. Problem 5.26 Click here to read the eBook: Present Values PV AND LOAN ELIGIBILITY You have saved $4,000 for a down payment on a new car. The largest monthly payment you can afford is $300. The loan will have a 11% APR based on end-of-month payments. a. What is the most expensive car you can afford if you finance it for 48 months? Do not round intermediate calculations. Round your answer to the nearest cent. b. What is the...
You are looking to buy a car. You can afford $730 in monthly payments for five...
You are looking to buy a car. You can afford $730 in monthly payments for five years. In addition to the loan, you can make a $830 down payment. If interest rates are 10.00 percent APR, what price of car can you afford (loan plus down payment)? (Do not round Intermediate calculations and round your final answer to 2 decimal places.) Present value To borrow $3,700, you are offered an add-on interest loan at 9.3 percent with 12 monthly payments....
You are buying a home and have saved $45,000 for a down payment. The house costs...
You are buying a home and have saved $45,000 for a down payment. The house costs $360,000. You are given a choice by the mortgage banker. You can use your entire $45,000 for the down payment, and borrow $315,000 at a 4.2% annual rate with monthly payments of about $1540 per month for 30 years (360 monthly payments). Or you can buy down the interest rate by paying an upfront fee to the lender of $8,000. This will reduce the...
You are looking to buy a car. You can afford $550 in monthly payments for four...
You are looking to buy a car. You can afford $550 in monthly payments for four years. In addition to the loan, you can make a $2,000 down payment. If interest rates are 9.50 percent APR, what price of car can you afford (loan plus down payment)? (Do not round Intermediate calculations and round your final answer to 2 decimal places.) Present value
Question 8 5 pts You have saved $2,574 for a down payment on a new car. The monthly payment you can afford is $472. You will make payments for 48 months (starting 1 month from today). If the relevant interest rate is 0.69% per month (this is an Effective Monthly Rate), the price of the car you can afford (taking into account the down payment as well) is $ [Hint: This problem is similar to #5, except that in this...
You want to buy a new car, but you can make an initial payment of only $1,200 and can afford monthly payments of at most $850. . If the APR on auto loans is 12% and you finance the purchase over 48 months, what is the maximum price you can pay for the car? Do not round intermediate calculations. Round your answer to 2 decimal places.) Maximum price o. How much can you afford if you finance the purchase over...
I need to find the solutions using a BA 2 Plus financial
calculator NOT through excel. 5 and 6 are not
needed But 9 and 10 are very important.
Question 5 5 pts You are taking out a car loan and will make payments of $315 each month (beginning one month from today). for a total of 60 monthly payments. If the interest rate on the loan is 0.83% (the effective monthly rate on this loan), how much are you...
10. Problem 5.26 Click here to read the eBook: Present Values PV AND LOAN ELIGIBILITY You have saved $4,000 for a down payment on a new car. The largest monthly payment you can afford is $300. The loan will have a 11% APR based on end-of-month payments. a. What is the most expensive car you can afford if you finance it for 48 months? Do not round intermediate calculations. Round your answer to the nearest cent. b. What is the...
You are looking to buy a car. You can afford $730 in monthly payments for five years. In addition to the loan, you can make a $830 down payment. If interest rates are 10.00 percent APR, what price of car can you afford (loan plus down payment)? (Do not round Intermediate calculations and round your final answer to 2 decimal places.) Present value To borrow $3,700, you are offered an add-on interest loan at 9.3 percent with 12 monthly payments....
You are looking to buy a car. You can afford $550 in monthly payments for four years. In addition to the loan, you can make a $2,000 down payment. If interest rates are 9.50 percent APR, what price of car can you afford (loan plus down payment)? (Do not round Intermediate calculations and round your final answer to 2 decimal places.) Present value
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