Bob and Billy each invest $1,000,000 and $1200, respectively, in their own account with the same interest. a) Who will double their money first? b). If Bob wants to buy a $45,000 car. He is approved by her bank for $38,000 at 3.99% compounded monthly for 72 months. If He buys the car with a loan from her bank, how much does she actually pay for the car at the end of the loan? Excluded taxes and other fees
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Bob and Billy each invest $1,000,000 and $1200, respectively, in their own account with the same interest.
a) Who will double their money first?
b). If Bob wants to buy a $45,000 car. He is approved by her bank for $38,000 at 3.99% compounded monthly for 72 months. If He buys the car with a loan from her bank, how much does she actually pay for the car at the end of the loan? Excluded taxes and other fees
In an economy, an investment is the buying of products that are not consumed today but are used in the future to make wealth. In finance, an investment is a financial asset purchased with the idea that the asset will give income further or will later be sold at a more price for a profit.
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