CSR342 2022 SP Week 6 Assignment Assignment 1. A. John will purchase Equinox EV ($35,000). John's credit score (FICO Score) is 750. Based on the credit score, John can get 60 months auto-loan from WL Land Bank with 4.0% APR. John will pay the down payment as much as $5,000. B. Smith will purchase Equinox EV ($35,000). Smith's credit score (FICO Score) is 625. Based on the credit score, Smith can get 60 months auto-loan from WL Land Bank with 6.5% APR. Smith will pay the down payment as much as $5,000. [1] Explain who will pay more and how much pay more [no word limit] Correct answer existed but close answer will be considered as good; To compare John and Smith's cases, utilize the excel file on Brightspace (Excel WorkSheet 6.8). Even if it is named as mortgage amortization table, the auto payment (amortization plan) is totally same. Your answer should be like "John will pay less/more than Smith $--- per a month."
CSR342 2022 SP Week 6 Assignment Assignment 1. A. John will purchase Equinox EV ($35,000). John's credit score (FICO Score) is 750. Based on the credit score, John can get 60 months auto-loan from WL Land Bank with 4.0% APR. John will pay the down payment as much as $5,000. B. Smith will purchase Equinox EV ($35,000). Smith's credit score (FICO Score) is 625. Based on the credit score, Smith can get 60 months auto-loan from WL Land Bank with 6.5% APR. Smith will pay the down payment as much as $5,000. [1] Explain who will pay more and how much pay more [no word limit] Correct answer existed but close answer will be considered as good; To compare John and Smith's cases, utilize the excel file on Brightspace (Excel WorkSheet 6.8). Even if it is named as mortgage amortization table, the auto payment (amortization plan) is totally same. Your answer should be like "John will pay less/more than Smith $--- per a month."
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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![2022 SP
CSR342
Week 6 Assignment
Assignment 1.
A. John will purchase Equinox EV ($35,000). John's credit score (FICO® Score) is 750. Based on the credit
score, John can get 60 months auto-loan from WL Land Bank with 4.0% APR. John will pay the down
payment as much as $5,000.
B. Smith will purchase Equinox EV ($35,000). Smith's credit score (FICO Score) is 625. Based on the
credit score, Smith can get 60 months auto-loan from WL Land Bank with 6.5% APR. Smith will pay the
down payment as much as $5,000.
[1] Explain who will pay more and how much pay more [no word limit]
Correct answer existed but close answer will be considered as good;
file on Brightspace (Excel WorkSheet 6.8).
To compare John and Smith's cases, utilize the exc
Even if it is named as mortgage amortization table, the auto payment (amortization plan) is
totally same.
Your answer should be like "John will pay less/more than Smith $-- per a month."](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3431b748-4ea8-4970-a60a-815b5b0cc0c5%2F7c2ababb-ad2c-4df1-bbbd-a1d9859df54a%2Fgh7ga6a_processed.jpeg&w=3840&q=75)
Transcribed Image Text:2022 SP
CSR342
Week 6 Assignment
Assignment 1.
A. John will purchase Equinox EV ($35,000). John's credit score (FICO® Score) is 750. Based on the credit
score, John can get 60 months auto-loan from WL Land Bank with 4.0% APR. John will pay the down
payment as much as $5,000.
B. Smith will purchase Equinox EV ($35,000). Smith's credit score (FICO Score) is 625. Based on the
credit score, Smith can get 60 months auto-loan from WL Land Bank with 6.5% APR. Smith will pay the
down payment as much as $5,000.
[1] Explain who will pay more and how much pay more [no word limit]
Correct answer existed but close answer will be considered as good;
file on Brightspace (Excel WorkSheet 6.8).
To compare John and Smith's cases, utilize the exc
Even if it is named as mortgage amortization table, the auto payment (amortization plan) is
totally same.
Your answer should be like "John will pay less/more than Smith $-- per a month."
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