Find the monthly payment and estimate the remaining balance (to the nearest dollar). Assume interest is...
Find the monthly payment and estimate the remaining balance (to the nearest dollar). Assume interest is on the unpaid balance. 4-year car loan for $8100 at 2.97%; remaining balance after 3 years. a) $1081.32; $1956 b) $538.79; $2050 c) $179.18; $4170 d) $179.18; $2116
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Find the monthly payment and estimate the remaining balance (to
the nearest dollar). Assume interest is...
Find the monthly payment and estimate the remaining balance. Assume interest is on the unpaid balance....
Find the monthly payment and estimate the remaining balance. Assume interest is on the unpaid balance. Thirty-year mortgage for $260,000 at 3.66%; remaining balance after 12 years. The monthly payment is $----------. (Round to the nearest cent as needed.)
Find the monthly payment and estimate the remaining balance. Assume interest is on the unpaid balance....
Find the monthly payment and estimate the remaining balance. Assume interest is on the unpaid balance. Twenty-year mortgage for $220,000 at 4.02%; remaining balance after 12 years. The monthly payment is $.............. (Round to the nearest cent as needed.)
Find the monthly payment and estimate the remaining balance. Assume interest is on the unpaid balance....
Find the monthly payment and estimate the remaining balance. Assume interest is on the unpaid balance. Thirty-year mortgage for $260,000 at 3.66%; remaining balance after 12 years. (Round to the nearest cent as needed.)
Find the monthly payment and estimate the remaining balance. Assume interest is on the unpaid balance....
Find the monthly payment and estimate the remaining balance. Assume interest is on the unpaid balance. Thirty-year mortgage for $250,000 at 3.54%; remaining balance after 12 years.
I need to know the monthly payment, and balance Find the monthly payment and estimate the...
I need to know the monthly payment, and balance
Find the monthly payment and estimate the remaining balance. Assume interest is on the unpaid balance. 4-year computer loan for $2270 at 7.4%; remaining balance after 2 years. The monthly payment is $ (Round to the nearest cent as needed.)
Question Help The unpaid balance of an installment loan is equal to the present value of...
Question Help The unpaid balance of an installment loan is equal to the present value of the remaining payments. The unpaid balance, P, is given by the formula below where PMT is the regular payment amount is the annual interest rate, n is the number of payments per year, and is the number of years remaining in the loan. Complete partsa and b. below PPMT Multiply both sides of the loan payment formula by b. The price of a car...
What is Vic's monthly interest payment? (Round to the nearest dollar as needed.) 2.) Suppose that...
What is Vic's monthly interest payment? (Round to the nearest dollar as needed.) 2.) Suppose that on January 1 you have a balance of$4200 on a credit card whose APR is 13%,which you want to pay off in 1 year. Assume that you make no additional charges to the card after January 1. a. Calculate your monthly payments. b. When the card is paid off, how much will you have paid since January 1? c. What percentage of your total...
QUESTION 5 What is the principal (to the nearest whole dollar) remaining after 24 monthly payments have been made o...
QUESTION 5 What is the principal (to the nearest whole dollar) remaining after 24 monthly payments have been made on a $55,000 five-year loan? The annual interest rate is 3% nominal compounded monthly. (Do not enter a dollar sign $ with your answer.)
QUESTION 5 What is the principal (to the nearest whole dollar) remaining after 24 monthly payments have been made on a $55,000 five-year loan? The annual interest rate is 3% nominal compounded monthly. (Do not enter a...
Question Help Find the monthly interest payment in the situation below. Assume that monthly interest rates...
Question Help Find the monthly interest payment in the situation below. Assume that monthly interest rates are 1 of annual interest rates Vic bought a new plasma TV for $1800. He made a down payment of $500 and then financed the balance through the store. Unfortunately, he was unable to make the first monthly payment and now pays 4% interest per month on the balance (while he watches his TV) What is Vic's monthly interest payment? (Round to the nearest...
What is the principal (to the nearest whole dollar) remaining after 42 monthly payments have been made on a $21,000 five...
What is the principal (to the nearest whole dollar) remaining after 42 monthly payments have been made on a $21,000 five-year loan? The annual interest rate is 24% nominal compounded monthly. (Do not enter a dollar sign $ with your answer.)
I need to know the monthly payment, and balance
Find the monthly payment and estimate the remaining balance. Assume interest is on the unpaid balance. 4-year computer loan for $2270 at 7.4%; remaining balance after 2 years. The monthly payment is $ (Round to the nearest cent as needed.)
Question Help The unpaid balance of an installment loan is equal to the present value of the remaining payments. The unpaid balance, P, is given by the formula below where PMT is the regular payment amount is the annual interest rate, n is the number of payments per year, and is the number of years remaining in the loan. Complete partsa and b. below PPMT Multiply both sides of the loan payment formula by b. The price of a car...
QUESTION 5 What is the principal (to the nearest whole dollar) remaining after 24 monthly payments have been made on a $55,000 five-year loan? The annual interest rate is 3% nominal compounded monthly. (Do not enter a dollar sign $ with your answer.)
QUESTION 5 What is the principal (to the nearest whole dollar) remaining after 24 monthly payments have been made on a $55,000 five-year loan? The annual interest rate is 3% nominal compounded monthly. (Do not enter a...
Question Help Find the monthly interest payment in the situation below. Assume that monthly interest rates are 1 of annual interest rates Vic bought a new plasma TV for $1800. He made a down payment of $500 and then financed the balance through the store. Unfortunately, he was unable to make the first monthly payment and now pays 4% interest per month on the balance (while he watches his TV) What is Vic's monthly interest payment? (Round to the nearest...
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