Choose the correct answers for (a) the total installment price, (b) the carrying charges, and (c) thenumber of months needed to save the money at the monthly rate to buy the item for its cash price.A tent trailer with a cash price of $4,900 at $200.00 down and $127 per month for 48 months.a. $b. $C.Ab

The items are purchased through the monthly installments and these monthly installment carry the…

Answered: Choose the correct answers for (a) the…

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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a) Loan Amount = $300 Advance amount=$160 Remaining Amount To be paid = $300-160 = $140 Time=2 weeks Calculate interest rate?
a and b please
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 all four subparts..bcz I can't put only three subparts.. thank u
Payment Calculator Property Location Fullerton Payments per year 12 Property Cost $750,000 Total Payments 360 Down Payment $75,000 Interest (APR) 4.00% Loan Amount $675,000 Payment (per month) Period (Years) 30 Pleasae use the formula PMT to determine the payment per month.
Monthly Payment Dave Krug finances a new automobile by paying $5,800 cash and agreeing to make 30 monthly payments of $440 each, the first payment to be made one month after the purchase. The loan bears interest at an annual rate of 12%. What is the cost of the automobile? (PV of $1, FV of $1, PVA of $1, and FVA of $1) $ 440 Table Values are Based on: Note: Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places. Present Value of Loan n i G II + O Answer is not complete. Table Factor 29.9599 X 30 1% Cash Down Payment 5,800 TOTT Present Value of Loan Cost of the Automobile
Choose the closest ancwer below. A. $744.52 B. $751.97 C. $867.00 D. $890.00 E. $667.33
Question Completion Status: O $255,243,325.72 QUESTION 2 Ann found an apartment that costs $800,000 to buy. She will make a $100,000 down payment and get a mortgage for $700,000. The mortgage will be a fully amortizing 30-year fixed rate mortgage at 4.25% with monthly payments and monthly compounding. The following 6 questions will use this information above (round all answers 2 decimal places. do not inclue commas or dollar signs in responses. enter percentages as whole numbers i.e. 4.952% should be entered as 4.95) a) What is Ann's Loan to Value when she gets the Loan? 87.5 b) What will Ann's monthly mortgage payment be? c) What will be the balance on Ann's mortgage after the 7th monthly payment d) How many dollars is Ann paying in interest in her 8th monthly mortgage payment? e) How many dollars of Ann's 8th monthly mortgage payment will be principal? f) What is the total sum of all cash flows that Ann will pay the bank over the entire life of the loan, assuming she keeps the loan…
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practice. need to double check work. use table to find 1. Loan Amount 2. monthly payment on a 30 year loan (use pmt) 3. total interest paid over the life of 30 year loan
Marge purchased a new vehicle for $30,000. She made a down payment of $1,000. Her lease is for 3 years, at an interest rate of 3% compounded monthly. The residual value of the vehicle is $10,000. Calculate her beginning of the month payment. I/Y P/Y C/Y N PV PMT FV MODE Answer Answer Answer Answer Answer Answer Answer AnswerBGNEND The monthly payment is $Answer

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Choose the correct answers for (a) the total installment price, (b) the carrying charges, and ( number of months needed to save the money at the monthly rate to buy the item for its cash A tent trailer with a cash price of $4,900 at $200.00 down and $127 per month for 48 months. a. $ b. $ C. + + +