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).) .........*g Total of monthly Purchase price of a used car Number of monthly payments Down payment Amount Total finance APR financed payments charge 24 4,215 $ 90 60 2$ 5,964
Q: Calculate the amount financed, the finance charge, and the monthly payments (in $) for the add-on…
A: Purchase Price =$711 Down Payment = $711 * 10% = $71.10
Q: alculate (a) the amount financed, (b) the total finance charge. Round the "Finance charge" to the…
A: Purchase price of a used car is 5793 Down payment is 1283 Number of monthly payments is 48 Total of…
Q: Based on the car you chose (2021 Jeep Wrangler), state: 1. The total price of the car: $38, 530 2.…
A: NOTE: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts…
Q: Calculate the amount financed, the finance charge, and the monthly payments (in $) for the add-on…
A: Purchase(Cash)Price DownPayment AmountFinanced Add-onInterest Number ofPayments FinanceCharge…
Q: Calculate the monthly payment by table lookup and formula. (Answers will not be exact due to…
A: GIVEN, PURCHASE PRICE DOWNPAYMENT NUMBER OF MONTHLY PAYMENT AMOUNT FINANCED TOTAL MONTHLY PAYMENT…
Q: A motor vehicle which costs RM20,000 was bought on credit terms, with payment of 10% as deposit to…
A: Here, Cost of Motor Vehicle is RM20,000 Immediate Deposit is 10% Immediate Deposit Amount will be:…
Q: A car dealer carries out the following calculations. What is the annual percentage rate? Lis…
A: As per the given information: Amount to be financed - $4,691.03 Interest rate - 10% Months of…
Q: Based on the following data, prepare a financial comparison of buying and leasing a motor vehicle…
A: The correct answer for the above mentioned question is given in the following steps for your…
Q: A car dealer carries out the following calculations. What is the annual percentage rate? List price…
A: Comment- We’ll answer the first question since the exact one wasn’t specified. Please submit a new…
Q: Calculate the loan amount on a purchase having a cash price of $47,900 with a down payment of…
A: Down Payment: The down payment is the portion of the purchase price that you pay out-of-pocket (as…
Q: Calculate the table factor, the finance charge, and the monthly payment (in $) for the loan by using…
A: Using excel PMT function
Q: Dave Krug fin
A: Annuity is used in case of a future annuity – suppose an equal sum of money is invested in the bank…
Q: **** Calculate (a) the amount financed, (b) the total finance charge, and (c) APR by table lookup.…
A: Given: Purchase price = 5,453 Down payment = 1,113 Number of months = 48
Q: are the loan department supervisor ban Being paid task to calculate the rebate fraction, the finance…
A: Given information : Amount financed = $4,700 Number of payments = 36 Monthly payment = $165.33…
Q: Dick takes a loan of $8,000 to buy a used truck at the rate of 9 % simple Interest. Calculate the…
A: From the details given in the problem Principle = P = $8,000 and R = 9% or 0.09 expressed as a…
Q: From this partial advertisement: $123.86 per month for 60 months $5,200 used car cash price $50 down…
A: please like the answer your response matters a) amount financed $5150 5200-50 finance charge…
Q: Bahk, S), using thls As one or mont principal Term Annual Amount Interest Monthly Annual Monthly of…
A: Here the interest rate is 9.50% and the loan term is 25 years. In the given table we look at the…
Q: Calculate the monthly payment by table lookup and formula. (Answers will not be exact due to…
A: Given: Purchase price =$4,195 Down payment = $95 Number of payments = 60 Amount financed = $4,100…
Q: Calculate the monthly payment by table lookup and formula. (Answers will not be exact due to…
A: Table factor gives factor value of monthly payment for $1000, so the formula with table factor to…
Q: A car dealer carries out the following calculations.What is the annual percentage rate? List…
A: The APR is 19.59%.
Q: Calculate the table factor, the finance charge, and the monthly payment (in $) for the loan by using…
A: We will use the future value calculator with given variables to find out the required information…
Q: Calculate the amount financed, the finance charge, and the total deferred payment price (in $) for…
A: A loan is a sort of debt that is taken on by an individual or another institution. The lender, which…
Q: Calculate the amount financed, the finance charge, and the total deferred payment price (in $) for…
A: Amount financed = Purchase price * (1 - Downpayment %)
Q: Calculate the amount financed, the finance charge, and the monthly payments (in $) for the add-on…
A: A method of the loan in which the amount of installment is evaluated by combining the principal and…
Q: Calculate the table factor, the finance charge, and the monthly payment (in $) for the loan by using…
A: The given problem can be solved using PMT function in excel. PMT function computes installment…
Q: The following loan was paid in full before its due date. a) Find the value of h using an appropriate…
A: Given: APR = 8.7% Regular Monthly Payment = $214. Number of payments after Payoff (n) =4
Q: Instructions: Fill in the blanks and calculate the monthly payments for a car loan having the…
A: The question is based on calculation of equated monthly repayment of a loan . Car loan is given on…
Q: A car dealer carries out the following calculations. What is the annual percentage rate? List price…
A: Solution:- Given Values, Interest (r)= 7% Months (N) = 48
Q: A customer bought a used car for $24,650. The customer’s down payment was $6,000 and the repayment…
A: The amount financed can be calculated as cost of asset less down payment.
Q: Calculate the table factor, the finance charge, and the monthly pay $) for the loan by using the APR…
A: In this we have to find out monthly interest rate and present value FACTOR and get monthly payment…
Q: Calculate (a) the amount financed, (b) the total finance charge, and (c) APR by table lookup. (Use…
A: Amount financed is $4,000 Total finance charge is $1,844 Total number of payments are 60 Total…
Q: Calculate the amount financed, the finance charge, and the monthly payments (in $) for the add-on…
A: The add-on interest method adds the total interest and the principal amount to reflect the amount…
Q: Find the following. (Round your answers to the nearest cent.) Finance Charge Number of Payments…
A: Finance charge is an additional amount which is paid on borrowed amount. It is expenses for the…
Q: Calculate the monthly payment by table lookup and formula. (Answers will not be exact due to rour…
A: in this we have to calculate from table and also by formula.
Q: Calculate the monthly payment by table lookup and formula ( Answers will not be exact due to…
A: Lookup table are used to calculate the loan amortization and are used as shortcuts to calculate the…
Q: Calculate (a) the amount financed, (b) the total finance charge, and (c) APR by table lookup. (Use…
A: Amount financed = Purchase price - Down payment Amount financed = $4,195 - $95 Amount financed…
Q: Dave Krug finances a new automobile by paying $7,000 cash and agreeing to make 40 monthly payments…
A: According to the given question, we are required to compute the present value of the loan and the…
Q: Calculate the amount financed, the finance charge, and the monthly payments (in $) for the add-on…
A: Add on Interest loan is a type of where the total amount of principal and interest is used to…
Q: Calculate the amount financed, the finance charge, and the monthly payments (in $) for the add-on…
A: The finance charged is the amount that is charged for the borrowed amount.
Q: Calculate the table factor, the finance charge, and the monthly payment (in $) for the loan by using…
A: Monthly Payments is the equivalent monthly annuity amount calculated for the loan borrowed for…
Q: Dave Krug finances a new automobile by paying $5,500 cash and agreeing to make 20 monthly payments…
A: SOLUTION
Q: For the car loan described, give the following information. A car dealer will sell you a used car…
A: The annual interest rate that is charged by the lenders or at which the investors earn additional…
Q: Calculate the amount financed, the finance charge, and the monthly payments (in $) for the add-on…
A:
Q: Complete the following table: Number of monthly Amount of monthly payments Total of monthly payments…
A: Amount finance is difference between purchase price and down payment. Total of monthly payment is…
Q: Calculate the monthly payment by table lookup and formula. (Answers will not be exact due to…
A: Given: Number of months = 60 Total monthly payment = $5,884 APR = 15.5%
Q: Calculate the amount financed, the finance charge, and the total deferred payment price (in $) for…
A: The total amount that is paid for the purchase of an asset including the down payment is term as the…
Q: Calculate the amount financed, the finance charge, and the monthly payments (in $) for the add-on…
A: Here, Purchase price = $6,000 Down payment = 15% Interest rate = 13.5% No. of payments = 30 To Find:…
Q: alculate the amount financed, the finance charge, and the monthly payments (in $) for the add-on…
A: The question is based on the concept of loan finance
Q: Calculate the table factor, the finance charge, and the monthly payment (in $) for the loan by using…
A: As per the given information: Amount financed - $800 Number of payments - 18 APR - 17%
Q: Calculate the table factor, the finance charge, and the monthly payment (in $) for the loan by using…
A: Monthly Payment is equal to the sum of Amount Financed and Finance Charge divided by the number of…
Trending now
This is a popular solution!
Step by step
Solved in 4 steps with 2 images
- Meghan Pease purchased a small sailboat for $8,350. She made a down payment of $1,300 and financed the balance with monthly payments of $232.38 for 36 months. (a) What is the finance charge (in $) on the loan? (b) Use Table 13-1 to find what annual percentage rate was charged on Meghan's loan. (Round your answer to two decimal places.) %Aotivity: Complete the table:( 2 cw Principel Rate Timme Interest vale Matrity (F) CI) 20,200 9% 4yeors 12, 400 3.2% 6 manthes 29), 30012있 y에 year 19,000|10%/2yos 8,000 2%3 monthsH1. Account 8% rate of return with annual rental payment of 81419
- Determine the future value of the following single amounts: Invested Amount Interest Rate No. of Periods1. $ 15,000 6% 122. 20,000 8 103. 30,000 12 204. 50,000 4 12Ajax Corporation has hired Brad O'Brien as its new president. Terms included the company's agreeing to pay retirement benefits of $18,600 at the end of each semiannual period for 10 years. This will begin in 3,285 days. If the money can be invested at 8% compounded semiannually, what must the company deposit today to fulfill its obligation to Brad? (Please use the following provided Table and Table 12.3.) (Use 365 days a year. Do not round intermediate calculations. Round your answer to the nearest cent.) Deposit amount 124,779.35PreviousBalance AnnualPercentageRate (APR)(as a %) MonthlyPeriodicRate FinanceCharge(in $) Purchasesand CashAdvances PaymentsandCredits NewBalance(in $) $2,490.00 % 1 1 4 % $ $1,374.98 $300.00 $
- Consider the following timeline: Date Cash flow $100 OA. $627 OB. $482 OC. $600 OD. $964 2 $200 3 $300 If the current market rate of interest is 10%, then the present value (PV) of this timeline as of year 0 is closest to ICCESSA saving account earns compound interest at an annual effective interest rate i. Given that d12,41 = 0.08, Find i1,51- %3DNumber of payments 6 12 18 24 30 36 48 60 4.0% 4.5% Annual Percentage Rate Table for Monthly Payment Plans Annual Percentage Rate 5.0% 5.5% 6.0% 6.5% 7.0% 7.5% 8.0% 8.5% 9.0% 9.5% 10.0% (Finance charge per $100 of amount financed) 1.17 1.32 1.46 2.18 2.45 2.73 4.94 5.22 3.20 3.60 7.28 7.69 4.22 4.75 5.29 9.64 10.19 10.75 1.61 1.76 1.90 2.05 2.20 2.35 2.49 2.64 2.79 3.00 3.28 3.56 3.83 4.11 4.39 4.66 4.82 5.22 5.63 6.04 6.45 6.86 5.83 6.37 6.91 7.45 8.00 8.54 9.09 7.26 7.94 8.61 9.30 9.98 10.66 11.35 8.71 9.52 10.34 11.16 11.98 12.81 13.64 12.73 13.83 14.94 16.06 17.18 18.31 19.45 20.59 16.00 17.40 18.81 20.23 21.66 23.10 24.55 26.01 27.48 5.25 5.92 6.59 12.04 12.74 13.43 6.29 7.09 7.90 14.48 15.32 16.16 8.38 9.46 10.54 11.63 21.74 10.50 11.86 13.23 14.61 4.00 4.41 2.93 5.50 8.10
- ANSWER ASAP THE SUBQUESTIONS interest rate=6.8%Crab Company is considering a project with an initial investment of $600,000 that is expected to produce cash inflows of $129,500 for ten years. Crab's required rate of return is 16%. (Click on the icon to view Present Value of $1 table.) E (Click on the icon to view Present Value of Ordinary Annuity of $1 table.) 14. What is the NPV of the project? 15. What is the IRR of the project? 16. Is this an acceptable project for Crab? 14. What is the NPV of the project? (Enter the factor amount to three decimal places, X.XXX. Round the present value of the annuity to the nearest whole dollar. Use parentheses or a minus sign for a negative net present value.) Net Cash Annuity PV Factor Present (i-16%, n=10) Value Years Inflow 1- 10 Present value of annuity Investment Net present valueеВook Wind turbine capital investment analysis Central Plains Power Company is considering an investment in wind farm technology to reduce its use of natural gas. Initial installation costs are expected to be $1,200 per kilowatt-hour of capacity. The wind turbine has a capacity of generating megawatts per hour. A kilowatt-hour is 1,000 watts generated per hour and a megawatt hour is 1,000 kilowatts generated per hour. Annual operating information related to the wind turbine project was developed as follows: Wind capacity factor 25 %* Operating cost per wind turbine megawatt hour $10 Variable operating, fuel, and maintenance costs per natural gas megawatt hour $95 Days per year 365 *A factor that measures the reduction from full capacity due to the variability of wind a. Determine the initial investment cost of the wind turbine. $ 2,400,000 v b. Determine the annual cost savings from the wind turbine in replacing natural gas generation. Round to nearest whole dollar. c. Determine the…