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with an interest rate of 5 I payment on the car is $4,900 You have just...
When you purchased your car, you took out a five-year annual-payment loan with an interest rate...
When you purchased your car, you took out a five-year annual-payment loan with an interest rate of 5.6% per year. The annual payment on the car is $5,400. You have just made a payment and have now decided to pay off the loan by repaying the outstanding balance. What is the payoff amount for the following scenarios? a. You have owned the car for one year (so there are four years left on the loan)? b. You have owned the...
When you purchased your car, you took out a five-year annual-payment loan with an interest rate...
When you purchased your car, you took out a five-year annual-payment loan with an interest rate of 6.3% per year. The annual payment on the car is $5,100. You have just made a payment and have now decided to pay off the loan by repaying the outstanding balance. What is the payoff amount for the following scenarios? a. You have owned the car for one year (so there are four years left on the loan)? b. You have owned the...
When you purchased your car, you took out a five-year annual payment loan with an interest...
When you purchased your car, you took out a five-year annual payment loan with an interest rate of 5.9% per year. The annual payment on the car is $5,300. You have just made a payment and have now decided to pay off the loan by repaying the outstanding balance. What is the payoff amount for the following scenarios? a. You have owned the car for one year (so there are four years left on the loan)? b. You have owned...
(round the the nearest cent) When you purchased your car, you took out a five-year annual-payment...
(round the the nearest cent)
When you purchased your car, you took out a five-year annual-payment loan with an interest rate of 6.2% per year. The annual payment on the car is $5,200. You have just made a payment and have now decided to pay off the loan by repaying the outstanding balance. What is the payoff amount for the following scenarios? a. You have owned the car for one year (so there are four years left on the loan)?...
When you purchased your car, you took out a five-year annual-payment loan with an interest rate...
When you purchased your car, you took out a five-year annual-payment loan with an interest rate of 6% per year. The annual payment on the car is $5,000. You have just made a payment and have now decided to pay off the loan by repaying the outstanding balance. What is the payoff amount for the following scenarios? a) You have owned the car for one year (so there are four years left on the loan). b) You have owned the...
When you purchased your car, you took out a five-year annual payment loan with an interest...
When you purchased your car, you took out a five-year annual payment loan with an interest rate of 6.1% per year. The annual payment on the car is 5,500. You have just made a payment and have now decided to pay off the loan by repaying the outstanding balance. What is the payoff amount for the following scenarios? a. You have owned the car for one year (so there are four years left on the loan)? b. You have owned...
quiz: Chapter 4 Quiz (Copy) Time Remaining: 01:01:04 Submit Qu is Question: 1 pt 8 of...
quiz: Chapter 4 Quiz (Copy) Time Remaining: 01:01:04 Submit Qu is Question: 1 pt 8 of 9 This Quiz: 9 pts possit When you purchased your car, you took out a five-year annual-payment loan with an interest rate of 5.5% per year. The annual payment on the car is $4,800. You have just made a payment and have now decided to pay off the loan by repaying the outstanding balance. What is the payoff amount for the following scenarios? a....
Quiz: Chapter 4 Quiz (Copy) Time Remaining: 02:33:54 Submit Quiz This Question: 1 pt 1 of 9 This Quiz: 9 pts possib...
Quiz: Chapter 4 Quiz (Copy) Time Remaining: 02:33:54 Submit Quiz This Question: 1 pt 1 of 9 This Quiz: 9 pts possible When you purchased your car, you took out a five-year annual-payment loan with an interest rate of 6.1 % per year. The annual payment on the car is $5,000. You have just made a payment and have now decided to pay off the loan by repaying the outstanding balance. What is the payoff amount for the following scenarios?...
When you purchased your house, you took out a 30-year annual-payment mortgage with an interest rate...
When you purchased your house, you took out a 30-year annual-payment mortgage with an interest rate of 5 % per year. The annual payment on the mortgage is $ 17 comma 573. You have just made a payment and have now decided to pay the mortgage off by repaying the outstanding balance. a. What is the payoff amount if you have lived in the house for 18 years (so there are 12 years left on the mortgage)? b. What is...
You have just purchased a car and taken out a $49,000 loan. The loan has a...
You have just purchased a car and taken out a $49,000 loan. The loan has a five-year term with monthly payments and an APR of 5.8%. a. How much will you pay in interest, and how much will you pay in principal, during the first month, second month, and first year? (Hint: Compute the loan balance after one month, two months, and one year.) b. How much will you pay in interest, and how much will you pay in principal,...
When you purchased your car, you took out a five-year annual-payment loan with an interest rate of 5.6% per year. The annual payment on the car is $5,400. You have just made a payment and have now decided to pay off the loan by repaying the outstanding balance. What is the payoff amount for the following scenarios? a. You have owned the car for one year (so there are four years left on the loan)? b. You have owned the...
When you purchased your car, you took out a five-year annual-payment loan with an interest rate of 6.3% per year. The annual payment on the car is $5,100. You have just made a payment and have now decided to pay off the loan by repaying the outstanding balance. What is the payoff amount for the following scenarios? a. You have owned the car for one year (so there are four years left on the loan)? b. You have owned the...
When you purchased your car, you took out a five-year annual payment loan with an interest rate of 5.9% per year. The annual payment on the car is $5,300. You have just made a payment and have now decided to pay off the loan by repaying the outstanding balance. What is the payoff amount for the following scenarios? a. You have owned the car for one year (so there are four years left on the loan)? b. You have owned...
(round the the nearest cent)
When you purchased your car, you took out a five-year annual-payment loan with an interest rate of 6.2% per year. The annual payment on the car is $5,200. You have just made a payment and have now decided to pay off the loan by repaying the outstanding balance. What is the payoff amount for the following scenarios? a. You have owned the car for one year (so there are four years left on the loan)?...
When you purchased your car, you took out a five-year annual payment loan with an interest rate of 6.1% per year. The annual payment on the car is 5,500. You have just made a payment and have now decided to pay off the loan by repaying the outstanding balance. What is the payoff amount for the following scenarios? a. You have owned the car for one year (so there are four years left on the loan)? b. You have owned...
quiz: Chapter 4 Quiz (Copy) Time Remaining: 01:01:04 Submit Qu is Question: 1 pt 8 of 9 This Quiz: 9 pts possit When you purchased your car, you took out a five-year annual-payment loan with an interest rate of 5.5% per year. The annual payment on the car is $4,800. You have just made a payment and have now decided to pay off the loan by repaying the outstanding balance. What is the payoff amount for the following scenarios? a....
Quiz: Chapter 4 Quiz (Copy) Time Remaining: 02:33:54 Submit Quiz This Question: 1 pt 1 of 9 This Quiz: 9 pts possible When you purchased your car, you took out a five-year annual-payment loan with an interest rate of 6.1 % per year. The annual payment on the car is $5,000. You have just made a payment and have now decided to pay off the loan by repaying the outstanding balance. What is the payoff amount for the following scenarios?...
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