Calculate (a) the amount financed, (b) the total finance charge, and (c) APR by table lookup. (Use Table 14.1 and Table 14.1(b).) (Do notround intermediate calculations. Round the "Finance charge" to the nearest cent.)Purchase price of aused car$Down payment1,2435,713 $Number of monthlypayments48AmountfinancedTotal of monthlypayments$5,769.76Total financechargeAPR

Amount Financed= Purchase price of car - Down paymentTotal Finance charges= Monthly payment * Number…

Answered: Calculate (a) the amount financed, (b)…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Oo.39. subject :- Account
Subject: accounting
Complete the following table: Amount Number of monthly Amount of monthly Total of monthly Total finance Purchase price of product Schwinn Mountain Bike Down payment financed payments payments payments charge 238 %24 100 12 12.50 acer %24 %24
what is the total amount of interest paid on the car loan?
Calculate the monthly payment by table lookup and formula. (Answers will not be exact due to rounding of percents in table lookup.). (Use 13% for table lookup.). (Use the loan amortization table) (Round your answers to the nearest cent.) Purchase price of a used car $5,673 By table By formula Down payment $1,223 Monthly Payment Number of monthly payments 48 Amount financed $4,450 Total of monthly payments $5,729.76 Total finance charge $1,279.76 APR 13%
A bicycle is purchased for $940 and financed for 11 months. There was not a down payment. If the total finance charge is $78.00, find the annual percentage rate using Exhibit Table 13-1.
Solve #4 and #5
ANNUAL PERCENTAGE RATE NUMBER OF PAYM ENTS 2.008 2.25% 2.50% 2.75 3.00 3.25% 3.50t 3.75% 4.00t 4.257 4.50% 4.757 5.00t 5.25% 5.50% 5.15T (FINANCE CHARGE PER s100 OF AMNUNT FINANCEDI 0.27 0.41 0.54 0.68 0.31 0.47 0.63 0.78 0.94 0.33 0.50 0.67 0.A3 1.00 .4A 0.77 n.96 1.20 1.44 0.44 0.17 0.25 0.33 0.42 0.50 0.19 0.28 0.38 0.47 0.2 0.31 0.42 0.52 0.63 0.23 0.34 0.46 0.57 0.69 0.25 0.39 0.50 0.63 0.75 0.59 0.79 0.99 1.19 0.56 0.75 0.49 0.92 0.63 0.81 1.04 1.25 0. AA 01 1 1.32 0.71 0.5A 0.73 0.88 1.07 1.13 1.34 0.56 54 0.A8 1.00 ED 1 1.13 1.46 1.67 1.88 2.09 2.31 0.95 0.80 0.92 0.58 0.67 0.75 0.84 0.92 0. 66 0. 75 0.85 0.94 1.03 0.73 0.84 0.94 1.04 1.15 1.76 1. 1.2 1. 1.50 1.40 1.18 1.96 1.69 1.48 2.07 1.79 1.99 2.19 1.98 2.20 7.42 2.07 2.31 2.54 1. 1.25 1.38 1.26 1.51 1. 10 2.52 2.73 2.94 3.15 3.37 2.4 2.87 3.09 2.77 1.00 1.74 3.47 3.71 2.90 2.39 2.50 7.77 2.14 2.26 2.01 2.1 2.35 2.52 2.69 1.88 1.76 1.91 2.05 2.20 2.35 1.00 1.14 1.50 1.77 2.04 2.12 1.39 2.50 2.6A 2.96 60 1 1.17 1.25 1.34…
29. Calculate (a) the amount financed, (b) the total finance charge, and (c) APR by table lookup. (Use Table 14.1.) Note: Do not round intermediate calculations. Round the Finance charge to the nearest cent. Purchase price of a used car Down payment Number of monthly payments Amount financed Total of monthly payments Total finance charge APR $5,673 $1,223 48 $5,729.76 TABLE 14.1 ANNUAL PERCENTAGE RATE NUMBER OF PAYMENTS 10.00% 10.251% 10.50% 10.75% 11.00% 11.25% 11.50% 11.75% 12.00% 12.25% 12.50% 12.75% 13.00% 13.25% 13.50 13.75% (FINANCE CHARGE PER $100 OF AMOUNT FINANCED) 1 0.83 0.85 0.87 0.90 0.92 0.94 0.96 0.98 1.00 1.02 1.04 1.06 1.08 1.10 1.12 1.15 2 1.25 1.28 1.31 1.35 1.38 1.41 1.44 1.47 1.50 1.53 1.57 1.60 1.63 1.66 1.69 1.72 3 1.67 1.71 1.76 1.80 1.84 1.88 1.92 1.96 2.01 2.05 2.09 2.13 2.17 2.22 2.26 2.30 4 2.09 2.14 2.20 2.25 2.30 2.35 2.41 2.46 2.51 2.57 2.62 2.67 2.72 2.78 2.83 2.88 5 2.51 2.58 2.64 2.70 2.77 2.83 2.89…
For the car loan described, give the following information. A newspaper advertisement offers a $9,000 car for nothing down and 36 easy monthly payments of $287.50. (a) amount to be paid$ (b) amount of interest$ (c) interest rate %(d) APR (rounded to the nearest tenth of a percent) %
Give typing answer with explanation and conclusion
dog subject-Accounting

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