Monica leases a Ferrari for $150,000 fair market value or sales price. She pays 5% interest, 6 periods, at the end of each period. What are her payments?
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- Solve this issueNoneSonia buys a house for $250,000. she makes a down payment of 15% of the purchase price and takes a 30-year mortgage for the balance. a) what is your down payment b) what is your mortgage amount c0 what is the total interest charged over the life loan if your monthly payment is 1,200 dollars
- Jane agrees to buy a car for a down payment of $8000 and payments of $360 per month for 9 years. If the interest rate is 3% per year, compounded monthly, what is the actual purchase price of her car? (Round your answer to the nearest cent.) 42,229.19 XMargo borrows $400, agreeing to pay it back with 8% annual interest after 17 months. How much interest will she pay?Fritz Benjamin buys a car costing $14200. He agrees to make payments at the end of each monthly period for 6 years. He pays 6.0% interest, compounded monthly. What is the amount of each payment? Find the total amount of interest Fritz will pay.
- Fritz Benjamin buys a car costing $16700. He agrees to make payments at the end of each monthly period for 4 years. He pays 9.6% interest, compounded monthly. What is the amount of each payment? Find the total amount of interest Fritz will pay. Fritz's monthly payment is $_______Margo borrows $1400, agreeing to pay it back with 7% annual interest after 217 days. How much interest will she pay?Margo borrows $600, agreeing to pay it back with 7% annual interest after 15 months. How much interest will she pay? Round your answer to the nearest cent, if necessary. A
- Pedro buys a condo for $629,000, with a down payment of $40,000. He takes out a 30-year mortgage for $589,000 at an annual interest rate of 3%. What do the monthly payments need to be to amortize this loan?Curtis buys a piece of commercial property for $230,000. He is offered a 20-year loan by the bank, at an interest rate of 9% per year. The loan requires annual payments to be made. What is the annual loan paymen Curtis must make assuming the first payment will be due one year from the date of purchase? O A. $40,313.10 O B. $30,234.83 O C. $35,273.97 O D. $25,195.69 O Time Remaining: 00:29:43 Next dtv 11 DD F11 F9 F10 F8 F7 F5 esc F4 F2 F3 F1 & @ 2# $ % 8 1 3. 4 { P < CO17) Nancy takes out a $500,000 loan for 25 years at 4% monthly. a) What is the monthly payment? b) What is the final payment?