8) You can afford to pay $375 monthly car payments. Assume an
annual interest rate of...
8) You can afford to pay $375 monthly car payments. Assume an
annual interest rate of 6%, and assume 60 monthly payments. You can
afford to put down $3,000. Can you afford to buy a car that costs
$30,000?
please show your work and formula on excel
You can afford to pay $375 monthly car payments. Assume an
annual interest rate of 6%, and assume 60 monthly payments. You can
afford to put down $3,000. Can you afford to buy a car that costs
$30,000?
You are looking to buy a car. You can afford $650 in monthly
payments for five years. In addition to the loan, you can make a
$750 down payment. If interest rates are 8 percent APR, what price
of car can you afford (loan plus down payment)? (Do not
round intermediate calculations and round your final answer to 2
decimal places.)
You plan to buy a
house and you can afford to pay a monthly mortgage of $801 over 30
years. The bank has offered you a 3.34% interest rate, compounded
monthly.How much you can
afford to borrow for the house?Please round your
answer to the second decimal without a dollar sign. E.g.
1234.56
If you take out a car loan for $35,000, will pay an annual
interest rate of 4% on the loan, and make monthly payments of
$547.58, how many payments will you need to make? -What are you
solving for? -What is your answer?
10. Bob can afford car payments of $365 per month for 5 years.
If the annual interest rate is 4.9%, how much money can he afford
to borrow now?
A) $7,026,73
B) $15,880.60
C) $19,338.64
D) $19,819.16
E) $21,247.83
For 50000, Smith purchases a 36-payment annuity-immediate with
monthly payments. Assume an effective annual interest rate of
12.68%. For each of the following cases find the unknown amount
X.
(a) The first payment is X and each subsequent payment is 50
more than the previous one.
(b) The first payment is X and each subsequent payment until
the 18th pay- ment (and including the 18th payment) is 0.2% larger
than the previous one. After the 18th payment, each subsequent
payment...
You
have borrowed $100,000 on a 40-year mortgage with monthly payments.
The annual interest rate is 16 percent. How much will you pay over
the course of the loan? With four years left on the loan, how much
will you still owe?
Excel
You
have borrowed $100,000 on a 40-year mortgage with monthly payments.
The annual interest rate is 16 percent. How much will you pay over
the course of the loan? With four years left on the loan, how much
will you still owe?
excel
You
currently have a 30-year mortgage with annual payments of $6000.
Annual interest rate is 8%. In how many years, the balance on your
mortgage will drop to half of its current value? Round your result
to two decimal places (i.e., if the result is 7.6542, enter it as
7.65).
saved $3000 for a down payment on a car. the largest
monthly payment you can afford is $400. The loan will be at 8%APR
based on end of month payments.
a) What is the most expensive car you can afford if
you finance for 48 months?
b) What is the most expensive car financing 60
months?