3. The cost of a used car is 11,900. It could be financed with a
down payment of
10% and a 5-year loan at a rate of 6.9%. Determine the
following:
(a) The amount financed.
(b) The monthly payment.
(b) The total installment price. (Installments Down
Payment.)
(c) The finance charge.
4. A credit card has a monthly rate of 2% and uses the average
daily balance method
for calculating interest. The minimum monthly payment is the larger
of 2% of the
balance on the closing date rounded up to the nearest dollar or
$10. Details of
June1-June 30 itemized billing are:
June 1 Unpaid Balance $1260
June 6 Purchase $130
June 10 Purchase $70
June 12 Purchase $120
June 15 Payment received $500
June 23 Purchase $80
June 27 Restaurant Bill $90
(a) Find the Average Daily Balance
(b) Find the interest due on the payment due date.
(c) Find the total balance owed on July 1.
(d) What is the minimum monthly payment on the due date, July
20?
Please Answer this ASAP.
Thanks
In: Finance
Write down a summary of 100-150 words the role of a receiver?
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Please write down your opinions on Square Stepping Exercise.
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You are saving for the down payment on a house. The houses in the area you prefer have an average selling price of $450,000 and you need a 10% down payment to ensure your mortgage payments are not too high. You have $30,000 saved that you can invest today at 6.5% (annual compounding).
a) How long before you will have enough for the down payment saved?
b) You want to buy the house sooner. In addition to the $30,000 saved to date, how much would you need to invest each month (into the same investment) in order to have enough for the down payment in 2 years?
c) What would your payments be for part (b) if you made them at the beginning of the month instead of the end?
In: Finance
A property was purchased for $8036.00 down and payments of $1451.00 at the end of every six months for 4 years. Interest is 8 % per annum compounded annually. What was the purchase price of the property? How much is the cost of financing?
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Show that the following language is decidable APDA = { | M is a push down automata that accepts string w} Explain your steps.
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You are walking down the street and are startled by a car which backfires in the street. Briefly describe the process of sensing and responding to this auditory stimulus. Be very specific about the efferent pathway that will be involved in your response. Include nervous system division, neurotransmitter(s) that will be utilized and stimulations of effector(s).
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