you have an outstanding student loan with required payments
of
$550
per month for the next four years. The interest rate on the loan
is
10%
APR. You are considering making an extra payment of
$100
today? (that is, you will pay an extra
$100
that you are not required to? pay).
a. If you are required to continue to make
payments of
$550
per month until the loan is paid? off, what is the amount of
your final? payment???...
Your car loan requires payments of $200 per month for the first
year and payments of $400 per month during the second year. The
annual interest rate is 12 percent and payments begin now. What is
the present value of this two-year loan?
$6,347.83
$6,308.80
$6,246.34
$6,753.05
A loan of $30,000 is paid off in 36 payments at the end of each
month in the following way: Payments of $750 are made at the end of
the month for the first 12 months. Payments of $750 + x are made at
the end of the month for the second 12 months. Payments of $750 +
2x are made at the end of the month for the last 12 months. What
should x be if the nominal monthly...
If the car I purchased has payments of $350 per month for 60
months, and the financed amount totaled $19,339, what is the ANNUAL
interest rate for the loan? a. 3.49% b. 27.4% c. 3.29% d. 0.274%
please show work.
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
1a. If you take out a car loan for $30,000 for 6 years at 4.5%
Simple interest what is the monthly payment? and How much will you
pay in total for interest at the end of the 6 years?
1b. If you take out a car loan for $30,000 for 6 years at 4.5%
Compound Interest what is the monthly payment? and How much will
you pay in total for interest at the end of the 6 years?
Susan is able to pay $300 a month for 4 years on a car loan. If
the interest rate is 4.8% per year, how much can she afford to
borrow to buy a car?
Group of answer choices
$13,078.27
$12,824.95
$15,840.49
$15,470.38
Jenny bought a new car for $30,000. The loan contract asked her
to pay $880 per month for 36 months. What is the APR of the auto
loan?
0.30%
3.57%
2.93%
3.37%
You have an outstanding student loan with required payments of $
600 per month for the next four years. The interest rate on the
loan is 8% APR (monthly). You are considering making an extra
payment of $150 today (that is, you will pay an extra $150 that
you are not required to pay). If you are required to continue to
make payments of $600 per month until the loan is paid off, what
is the amount of your final...