Ben wants to buy a $22000 car in 4 years. How much money must he
deposit monthly in an account paying 2.9% compounded monthly so
that he will save enough to pay for his car?
His monthly deposits should be of $
Sally wants to buy a car but is unsure
how much of . she can afford. The maximum monthly payment she can
afford is $780.. Her bank’s interest rate is 14%. annually if she
pays off the loan over 5 years. What is the
maximum amount she can afford to borrow?
Impossible to calculate given the available data
She can afford $53, 352.05
She can afford $46,800.03
D-She can afford $33,522,07
Someone said all options are wrong, can you...
Mary wants to buy a car but is unsure how much of she can
afford. The maximum monthly payment she can afford is $780. Her
bank's interest rate is 14% annualy if she pays off loan over 5
years.
what is the maximum amount she can afford to borrow?
- impossible to calculate with given data
- she can afford $53,325.05
-she can afford $46,800.03
-she can afford $33,522.07
(show all excel work)
4.Jane wants to create a $10,000 portfolio. She also wants to
invest as much as possible in a high risk stock with the hope of
earning a high rate of return. However, she wants her portfolio to
have no more risk than the overall market. Which one of the
following portfolios is most apt to meet all of her
objectives?
A.Invest the entire $ 10,000 in a stock with a beta of
1.0
B.Invest $5,000 in a stock with a...
CONTRACT LAW
Mary wants to buy a car; she goes to her local used car
dealership and is very interested in a used 2016 VW Eos. She asks
the car salesman if the car has ever been in an accident. The car
salesman doesn't know whether the car has been in an accident, but
assures Mary that it has never been. If the car has in fact been in
an accident and Mary buys the car, the salesman's statements may...
Amanda wants to have $20,000 in 6 years to buy a car. She plans
to start saving in 2 years.If money grows according to simple
interest rate with accumulation functiona(t) = 1 + 0.05t.How much
principal she will need to reserve for saving?
Ursula wants to buy a $25,000 used car. She has savings
of $2,000 plus an $800 trade-in. She wants her monthly payments to
be about $395. Which of the following loans offers
monthly payments closest to $395?
8.5% APR for 60 months
8.5% APR for 72 months
8.5% APR for 48 months
8.5% APR for 24 months
2. Wes wants to retire as a millionaire. How much must Wes save
per year for 40 years, if he can invest in a mutual fund which pays
4% compounded semi-annually?
3. You just purchased a new car for $45,000. Your down payment
on the vehicle was $15,000 and the rest is financed over 5 years at
a 6% annual interest rate. Calculate your monthly payment.
how would I solve these two? Please and thank you very much.
Kaitlin wants to buy a bond that will mature to $5000 in six years.
How much should she pay for the bond now if it earns interest at a
rate of 2.5% per year, compounded continuously?
Do not round any intermediate computations, and round your
answer to the nearest cent.
(1 point) Suzie wants to buy a car for $6750. If she pays cash
she receives a 8.5% cash discount. To get the cash she signs a
120-day non-interest bearing note. If the bank discounts notes at
an interest rate of 6% what face value is needed on the note for
Suzie to receive the cash she needs to buy the car?