You want to purchase a new motorcycle that costs $27,800. The most you can pay each month is $570 over the life of the 60-month loan. What is the highest APR that you could afford?
Multiple Choice
8.47%
8.72%
9.68%
7.33%
7.82%
You want to purchase a new motorcycle that costs $27,800. The most you can pay each...
you want to purchase a new motorcycle that costs $26,000. the most you can pay each month is $640 over the life of the 48-month loan. what is the highest apr that you could afford?
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...
You want to borrow $90,000 from your local bank to buy a new sailboat. You can afford to make monthly payments of $1,700, but no more. Assuming monthly compounding, what is the highest rate you can afford on a 60-month APR loan? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) interest rate %
You want to borrow $69,000 from your local bank to buy a new car. You can afford to make monthly payments of $1,200, but no more. Assuming monthly compounding, what is the highest rate you can afford on a 78 month APR loan? Please show all work and calculations.
You want to borrow $100,000 from your local bank to buy a new sailboat. You can afford to make monthly payments of $1,750, but no more. Assuming monthly compounding, what is the highest rate you can afford on a 72-month APR loan? Please show steps for full credit
You want to borrow £98,000 from your local bank to buy a new yacht. You can afford to make monthly payments of £2,000, but no more. Assuming monthly compounding, what is the highest rate you can afford on a 60-month loan?
You want to borrow $86,000 from your local bank to buy a new sailboat. You can afford to make monthly payments of $1,500, but no more. Assuming monthly compounding, what is the highest rate you can afford on a 72-month APR loan? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Interest rate 7.81+4%) %
2. You want to buy a house. You can make an initial payment of $200,000 and can afford monthly payment of $1,800. If the APR of the mortgage loan is 4.8% and you finance the purchase over 30 years (360 months), what is the maximum price you can pay for the house?
Capital One is advertising a 60-month, 5.79% APR motorcycle loan. If you need to borrow $6,000 to purchase your dream Harley Davidson, what will your monthly payment be?
you want to purchase a home for $300,000. you have calculated that you can afford monthly payments of $1300 for principal and interest and that you can obtain a 30 year mortgage with monthly payments at an APR of 4.5% how much is maximum loan amount? based on the loan amount, how much must your down payment be in order to purchase the home? Please show work and BAII Plus