Before purchasing a used car, Jim Myers checked www.kbb.com to learn what he should offer for the used car he wanted to buy. Then he conducted a carfax.com search on the car he found to see if the car had ever been in an accident. The Carfax was clean so he purchased the used car for $14,650. She put $1,500 down and financed the rest with a 48-month, 8% loan.
What is her monthly car payment by formula? (Round your answer to the nearest cent.)
Monthly payment = _______
Loan Amount = 14,650 - 1,500
Loan Amount = 13,150
Calculating Monthly payment,
Using TVM Calculation,
PMT = [PV = 13,150, FV = 0, N = 48, I = 0.08/12]
PMT = $321.03
Before purchasing a used car, Jim Myers checked kbb to learn what he should offer for...
Before purchasing a used car, Jim Myers checked www.kbb.com to learn what he should offer for the used car he wanted to buy. Then he conducted a carfax.com search on the car he found to see if the car had ever been in an accident. The Carfax was clean so he purchased the used car for $15,000. She put $2,500 down and financed the rest with a 48-month, 7.5% loan.What is her monthly car payment by formula? (Round your answer...
Before purchasing a used car, Jim Myers checked www.kbb.com to learn what he should offer for the used car he wanted to buy. Then he conducted a carfax.com search on the car he found to see if the car had ever been in an accident. The Carfax was clean so he purchased the used car for $15,300. She put $1,900 down and financed the rest with a 48-month, 8% loan. What is her monthly car payment by formula? (Round your answer...
Before purchasing a used car, Jim Myers checked www.kbb.com to learn what he should offer for the used car he wanted to buy. Then he conducted a carfax.com search on the car he found to see if the car had ever been in an accident. The Carfax was clean so he purchased the used car for $15,250. She put $3,000 down and financed the rest with a 36-month, 7.5% loan. What is her monthly car payment by formula? (Round your answer...
Before purchasing a used car, Cody Lind checked www.kbb.com to learn what he should offer for the used car he wanted to buy. Then he conducted a carfax.com search on the car he found to see if the car had ever been in an accident. The Carfax was clean so he purchased the used car for $14.750. He put $2.000 down and financed the rest with a 48-month, 75% loan. What is his monthly car payment by table lookup? (Use Table...