H M9Ro-as re raa troesedb atoa6411 6alo5a,1908ecrcase6. Lonnie needs extra money to buy a truck to start up a delivery service. Hetakes out a simple interest loan for $6000.00 for 5 months at a rate of 6.25%.(a) How much interest must he pay? (b) What is the future value of theloan? (Round to the nearest penny - hundredth place. For example$123.46)(9)108h Nam909PXRXTTtr stPrice x 12 ute asa deumut Y time Cyeus2 b00 0040.0635 x 0.41666-600 01t 0.068X7.G156 2501252100GISG6) 15 6,asmust pay uuc i5,7suinaretA=LunncIntre t roid (Is6.asfurd ed to nurd retks pie ela ce

Calculate the interest amount as follows:

Answered: H M 9Ro-a s re raa troese db ato a6411…

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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9.00060.O 0..0H 1- Suppose that you decide to buy a car for $25,767, including taxes and license fees. You saved $8000 for a down payment and can get a 5-year loan at 6.57%. (a) Find the monthly payment for the loan. (b) Find the total interest for the loan. (Round to the nearest dollar. For example, $247) 12.
You are to receive $ 400,000 exactly 5years from now. You do not want towait for the money and contact JTGoneworth so that they can "Show youthe money" today. JT Goneworthrequires 6 % interest (annual) on thistype of loan. How much with JTGoneworth pay you TODAY for thisclaim on the money to be received 5years from now? ______
Please answer everything asap. DONT USE EXCEL!
Pls help on ur own.Suppose you take out a car loan that requires you to pay $8,000 now, $5,000 at the end of year 1, and $7,000 at the end of year 2. The interest rate is 5% now and increases to 9% in the next year. What is the present value of the payments?
Apply 11. Jarvis is buying a boat that costs $6,000. He has $500 for a down payment. He is deciding between a 2-year loan and a 3-year loan. Use the rates in the table to determine how much Simple Interest Rate () Time (years) 1 1.5 money he will save if he chooses the 2-year loan instead of the 3-year loan. Round to the nearest cent. 2.25 3 3.0 2.
K Which loan best meets the person's needs? (Round to the nearest cent as needed.) Someone needs to borrow $16,000 to buy a car and the person has determined that monthly payments of $300 are affordable. The bank offers a 4-year loan at 7% APR, a 5-year loan at 7.5%, or a 6-year loan at 8% APR. Which loan best meets the person's needs? Explain. ... OA. The first loan best meets the person's needs because the monthly payment of $ amount of $300 per month. B. The second loan best meets the person's needs because the monthly payment of $ amount of $300 per month. KOMENTAR OC. The third loan best meets the person's needs because the monthly payment of $ amount of $300 per month. D. None of the loans meet the person's needs. ch is less than the maximum budgeted is less than the maximum budgeted is less than the maximum budgeted
Do all parts its urgent
Kk. 154.
W - 2... History S Bookmarks Window Help SA D21 5.3 Amortized Loans... What will the monthly payment be? Sarah negotiated a price of $25,590.00 for a new Toyota Camry Hybrid Sedan. She is prepared to give a down payment of 17%. Her credit union offered her a 6-year amortized loan for the remaining amount at a rate of 1.8%. How much money will be paid in interest? How much will the car cost, in total? $ D21 Chapter 5.3 - 21516... www d2l.pima.edu CHECK ANSWER LG My Courses - Lookin... If she got a simple interest loan at the same interest rate and time, how much would she pay in interest? LG Academics - Looking...
suppose Tim is buying a new car. He agreed to a price of $21,000 and he has $3,500 for a down payment. He is taking out a 6-year loan with a 3.6% annual interest rate. How much are his monthly car payments? 274.58 329.50 373.92 324.74 270.61
ery am Proctor Suppose you want to buy a $146,000 home. You found a bank that offers a 30-year loan at 5.3 % APR. What will be your monthly payment? (Round to the nearest cent.) 644.04 How much would you end up paying the bank for the home after 30 years? (Round to the nearest cent.) 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.) How much would you end up paying the bank for the home after 25 years? (Round to the nearest cent.) How much did you save by reducing the time of your mortgage loan? (Round to the nearest cent.) Question Help: Video Message instructor Submit Question
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