Chapter 5 Saved Help Save & Exit Rosie's Florist borrows $370,000 to be paid off in five years. The loan payments are semiannual with the first payment due in six months, and interest is at 6%. What is the amount of each payment? Multiple Choice $44,375 $43,375 O $46.173. $44.130 < Prey 11 of 15 Next>

Chapter 5 Saved Help Save & Exit Rosie's Florist borrows $370,000 to be paid off in five years. The loan payments are semiannual with the first payment due in six months, and interest is at 6%. What is the amount of each payment? Multiple Choice $44,375 $43,375 O $46.173. $44.130 < Prey 11 of 15 Next>

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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Fast pls solve this question correctly in 5 min pls I will give u like for sure Surbh A $53,000 loan is taken out on a boat with the terms 9% APR for 36 months. How much are the monthly payments on this loan? < OA. $2,022.46 OB. $1,685.39 OC. $2,191.00 OD. $1,853.92
16. Problem 5.37 (Paying off Credit Cards) eBook Simon recently received a credit card with a 19% nominal interest rate. With the card, he purchased an Apple iPhone 7 for $460.00. The minimum payment on the card is only $10 per month. a. If Simon makes the minimum monthly payment and makes no other charges, how many months will it be before he pays off the card? Do not round intermediate calculations. Round your answer to the nearest whole number. month(s) b. If Simon makes monthly payments of $30, how many months will it be before he pays off the debt? Do not round intermediate calculations. Round your answer to the nearest whole number. month(s) c. How much more in total payments will Simon make under the $10-a-month plan than under the $30-a-month plan. Do not round intermediate calculations. Round your answer to the nearest cent.
17 Problem 5-39 Loan Payments (LG5-9) You wish to buy a $20,500 car. The dealer offers you a 5-year loan with a 9 percent APR. What are the monthly payments? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Answer is complete and correct. Payment $ 425.55 per month Payment How would the payment differ if you paid interest only? (Do not round intermediate calculations and round your final answer to 2 decimal places.) 4 per month
9
palse step by step solution
P/Y = 12 PV C/Y = 12 PMT = $200.61 PMT: END BEGIN Monthly payment would be $ 200.61 After making payments for 19 months, Natasha decides to repay the loan in full. Use this information and the monthly payment, found above, to calculate her payoff amount (PV) on the loan. How many payments does Natasha have left (Use this as N in the TVM Solver below)? Calculate the payoff amount (PV). N C/Y = FV = 1% = P/Y = PV = N = 5 years PMT = FV = 10,500 PMT: END BEGIN 1% = 5.51%
Plz answer in 10 mints
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T %24 Suppose you want to buy a $153,000 home. You found a bank that offers a 30-year loan at 4.5% APR. What will be your monthly payment? (Round to the nearest cent.) ŞI 775.23 How much would you end up paying the bank for the home after 30 years? (Round to the nearest cent.) $279,082.27 Suppose you wanted to reduce the time of your loan to 25 years. What would be your new monthly payment? (Round to the nearest cent.) Ş 850.42 How much would you end up paying the bank for the home after 25 years? (Round to the nearest cent.) 24 How much did you save by reducing the time of your mortgage loan? (Round to the nearest cent.) Question Help: D Video Submit Question MacBook Air 08 F3 DD F1 F2 F4 F5 F8 %23 2$ 2 3. 5. R S H. D.

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