Calculate the monthly payments on a car loan of $25,000 financed at an APR of 6.5%...

Calculate the monthly payments on a car loan of $25,000 financed at an APR of 6.5% for 36 months, rounded to nearest cent.

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jeff jeffy answered 2 years ago

1. Calculate the monthly payments on a home loan for $200, 000 at an APR of...

1. Calculate the monthly payments on a home loan for $200, 000 at an APR of 5.1% if the loan is for... a) 10 years b) 15 years c) 30 years Then recalculate the payments if you are able to put 20% down.

1) Calculate the monthly payments on a home loan for $200,000 ar an APR of 5.1%...

1) Calculate the monthly payments on a home loan for $200,000 ar an APR of 5.1% if the loan is for 30 years. Suppose you are able to refinance your loan after 10 years for an APR of 4 %. What are your new payments?

You are taking out a $25,000 loan for a new car. You will make monthly payments...

You are taking out a $25,000 loan for a new car. You will make monthly payments for 5 years. You are given the choice between putting nothing down and a 7% APR OR putting $5000 down and a 5% APR. Which do you choose?

A house price of $235,000 can be financed with the two loans with monthly payments: Loan...

A house price of $235,000 can be financed with the two loans with monthly payments: Loan Amount Term (years) Interest Rate Loan 1 $ 180,000 30 5% Loan 2 $ 20,000 30 7% What is the annual cost if there are no costs associated with the two loans and the borrower will hold the loan for entire term? 5.21% 5.81% 6.21% 6.81%

You're offered a 5.200% rate (APR) on your mortgage loan. With monthly payments, what is the...

You're offered a 5.200% rate (APR) on your mortgage loan. With monthly payments, what is the Effective Annual Rate on the loan? 5.326% 5.314% 5.146% 5.402%

You're offered a 5.200% rate (APR) on your mortgage loan. With monthly payments, what is the Effective...

You're offered a 5.200% rate (APR) on your mortgage loan. With monthly payments, what is the Effective Annual Rate on the loan? 5.402% 5.326% 5.314% 5.146%

Amortize a 30-year, $120,000 loan with end-of-month payments. The APR is 12%. What is the monthly...

Amortize a 30-year, $120,000 loan with end-of-month payments. The APR is 12%. What is the monthly payment? What are the interest and repayment portions of the payment in month 12? What is the ending balance after one year (month 12)?

After making 19 payments on a 60-month, $10000 car loan with APR of 4%, what is...

After making 19 payments on a 60-month, $10000 car loan with APR of 4%, what is the outstanding balance on the loan? Round to the penny.

You have just taken out a $19,000 car loan with a 7% APR,compounded monthly. The...

You have just taken out a $19,000 car loan with a 7% APR, compounded monthly. The loan is for five years. When you make your first payment in one month, how much of the payment will go toward the principal of the loan and how much will go toward interest? (Note: Be careful not to round any intermediate steps less than six decimal places.)

You have just taken out a $23000 car loan with a 5% APR, compounded monthly. The...

You have just taken out a $23000 car loan with a 5% APR, compounded monthly. The loan is for five years. When you make your first payment in one month, how much of the payment will go toward the principal of the loan and how much will go toward interest? (Note: Be careful not to round any intermediate steps less than six decimal places.) When you make your first payment, $___ will go toward the principal of the loan and...

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