Derek borrows $42,333.00 to buy a car. He will make monthly payments for 6 years. The...

Derek borrows $42,333.00 to buy a car. He will make monthly payments for 6 years. The car loan has an interest rate of 5.57%. After a 14.00 months Derek decides to pay off his car loan. How much must he give the bank? Currency: Round to: 2 decimal places.

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jeff jeffy answered 2 years ago

Derek borrows $35,808.00 to buy a car. He will make monthly payments for 6 years. The...

Derek borrows $35,808.00 to buy a car. He will make monthly payments for 6 years. The car loan has an interest rate of 6.04%. After a 12.00 months Derek decides to pay off his car loan. How much must he give the bank?

Derek borrows $39,180.00 to buy a car. He will make monthly payments for 6 years. The...

Derek borrows $39,180.00 to buy a car. He will make monthly payments for 6 years. The car loan has an interest rate of 6.07%. After 11 months Derek decides to pay off his car loan. How much must he give the bank? Answer format: round to 2 decimal places

Derek borrows $42,412.00 to buy a car. He will make monthly payments for 6 years. The...

Derek borrows $42,412.00 to buy a car. He will make monthly payments for 6 years. The car loan has an interest rate of 5.39%. What will the payments be? Derek borrows $36,990.00 to buy a car. He will make monthly payments for 6 years. The car loan has an interest rate of 6.12%. After a 16.00 months Derek decides to pay off his car loan. How much must he give the bank? Derek plans to buy a $28,270.00 car. The...

Derek borrows $32,708.00 to buy a car. He will make monthly payments for 6 years. The...

Derek borrows $32,708.00 to buy a car. He will make monthly payments for 6 years. The car loan has an interest rate of 5.24%. After a 11.00 months Derek decides to pay off his car loan. How much must he give the bank? Answer Format Currency: Round to: 2 decimal places.

Derek borrows $43,863.00 to buy a car. He will make monthly payments for 6 years. The...

Derek borrows $43,863.00 to buy a car. He will make monthly payments for 6 years. The car loan has an interest rate of 5.27%. After a 15.00 months Derek decides to pay off his car loan. How much must he give the bank? Answer Format: Currency: Round to: 2 decimal places.

Derek borrows $39,587.00 to buy a car. He will make monthly payments for 6 years. The...

Derek borrows $39,587.00 to buy a car. He will make monthly payments for 6 years. The car loan has an interest rate of 6.43%. After a 14.00 months Derek decides to pay off his car loan. How much must he give the bank? Suppose you deposit $1,974.00 into an account today that earns 15.00%. It will take ___ years for the account to be worth $2,535.00

Derek borrows $299,931.00 to buy a house. He has a 30-yearmortgage with a rate of...

Derek borrows $299,931.00 to buy a house. He has a 30-year mortgage with a rate of 5.55%. After making 97.00 payments, how much does he owe on the mortgage?Answer format: Currency: Round to: 2 decimal places.Derek borrows $36,284.00 to buy a car. He will make monthly payments for 6 years. The car loan has an interest rate of 5.24%. What will the payments be?Answer format: Currency: Round to: 2 decimal places.Derek borrows $37,025.00 to buy a car. He will make...

Derek borrows $327,651.00 to buy a house. He has a 30-year mortgage with a rate of...

Derek borrows $327,651.00 to buy a house. He has a 30-year mortgage with a rate of 5.94%. After making 134.00 payments, how much does he owe on the mortgage?

Derek borrows $290,341.00 to buy a house. He has a 30 year mortgage with a rate...

Derek borrows $290,341.00 to buy a house. He has a 30 year mortgage with a rate of 4.09%. After making 86 payments, how much does he owe on the mortgage?

Derek borrows $290,132.00 to buy a house. He has a 30-year mortgage with a rate of...

Derek borrows $290,132.00 to buy a house. He has a 30-year mortgage with a rate of 5.93%. After making 138.00 payments, how much does he owe on the mortgage? Answer format: Currency: Round to: 2 decimal places. Assume a bank offers an effective annual rate of 6.14%. If compounding is monthly what is the APR? Answer format: Percentage Round to: 4 decimal places (Example: 9.2434%, % sign required. Will accept decimal format rounded to 6 decimal places (ex: 0.092434)) A...

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