Muscle Car Payment Ord You want to buy a new sports car from Muscle Motors for $69,800. The contract is in the form of a 60-month ordinary annuity an APR of 7.8 percent. What will your monthly payment be? Numeric Response

You are interested in purchasing a new automobile that costs $35,000. The dealership offers you a special financing rate of 6% in APR for 48 months. The repayment needs to be made on the monthly frequency. Assume that you do not make any down payment on the auto and take the dealer's financing deal. What is your monthly car payment? O $1533.4 O $8,859.65 O $821.98 O $729.2

You need a loan to purchase a $5500 van. Company A will offer you a monthly payment or $102.35(4% interest for 60 months) How much would i end up paying in total?

Amarillo National Bank offers you a 60-month, 0.139 APR (monthly compounding) auto loan. If you borrow $39783 to purchase a Honda Odyssey, your monthly payment will be:

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The present value price of a car you would like to purchase today is $17,990. You are approved for a 60 month (5-year) loan at 3.5% compounded monthly with no money down. What is your monthly car payment? Round your answer to the nearest cent (i.e. 2 decimal places)

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? How would the payment differ if you paid interest only?

Troy Juth wants to purchase new dive equipment for Underwater Connection, his retail store in Colorado Springs. He was offered a $62,000 loan at 6% for 72 months. What is his monthly payment by formula? (Round your answer to the nearest cent.) Monthly payment ces

Suppose that you decide to borrow 13000 for a new car. You can select one of the following loans each requiring regular monthly payments.  Installment  loan A three-year loan at 5.9% Installment  loan B  five -year loan at 5.8% What would be the monthly payments for each loan and total interest for them also?

Monthly loan payments Personal Finance Problem Tim Smith is shopping for a used luxury car. He has found one priced at $31,000. The dealer has told Tim that if he can come up with a down payment of $6,200, the dealer will finance the balance of the price at a 6% annual rate over 5 years (60 months). a. Assuming that Tim accepts the dealer's offer, what will his monthly (end-of-month) payment amount be? b. Use a financial calculator or spreadsheet to help you figure out what Tim's monthly payment would be if the dealer were willing to finance the balance of the car price at an annual rate of 3.8%? a. Tim's monthly (end-of-month) payment amount is $ (Round to the nearest cent.)