12. A car dealer advertise the sale of a car model for a cash price of P280,000. If purchased on installment, the required down payment is 15% and balance payable in 18 equal monthly installments at an interest rate of 1.5% per month. How much will be the

Q: The rebate offer is $3700, and you can obtain a car loan at your local bank for the balance at 5.74%…

A: A monthly payment is a fixed amount of money paid every month to pay off a debt or a loan. It…

Q: value of $ 20000 at the end of 10 years

A: (a) FV ($) = 20000 + (20000 x 7% x 10) = 20000 + 14000 = 34000

Q: Please show work

A: According to the question, an investment of $2,000 has made for 20 years at 8% per year. The amount…

Q: Leon and Heidi decided to invest $2,500 annually for only the first seven years of their marriage.…

A: Present value is the value of investment in today's dollar.Future value is the value of investment…

Q: What is the amount of 8 equal annual deposits that can provide seven annual withdrawals, when a…

A: The investments will be made by people to get certain amount of return as benefits in future.The…

Q: Elmo borrowed $30,000 from the Statler & Waldorf Bank at 12% APR, compounded monthly. The loam is to…

A: here we calculate monthly loan payment amount by following method as follow;