The price of a new car s 124,000, Asume that an individual makes a down Dayment of 25% toward the purchase of the car and seores financing for the balance at the rate of 5yearcompounded monty (Round your answers to the nearest cent.)(A) what monthiy peyment wit she te required to make if he car is financed over a pered of 36 months Over e peried ef 60 montha36 monthst0 monthe(D) What wi the interest charges be if she elects the 36-month plan The 60 month plan4-month plans-month planBut Ae

Calculate the loan amount by deducting the amount of down payment from the price of car. Working:…

The price of a new car is s24,000, Assume that an individual makesa down ayment of 25% toard the purchase of the car and seor financing for the balance at the rate of 5/year compounded monty (Round your answers to the nearest cent.) (4) What monthly peyment wit she be required to make if the car is financed over a pened of 36 menths? Over e peried of 60 montha? 36 months t0 montha (D) What wi the interest charges be if she elects the 36-month plan The 60 morth plan -month plan month pan

The price of a new car is s24,000, Assume that an individual makesa down ayment of 25% toard the purchase of the car and seor financing for the balance at the rate of 5/year compounded monty (Round your answers to the nearest cent.) (4) What monthly peyment wit she be required to make if the car is financed over a pened of 36 menths? Over e peried of 60 montha? 36 months t0 montha (D) What wi the interest charges be if she elects the 36-month plan The 60 morth plan -month plan month pan

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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You are making car payments of 500 SAR per month for the next 5 years, you know that your car loan has an interest rate of 8.4%, discounted monthly, what was the initial price of the car? Rate Nper FV Payment 0.084 60 0 -500 Periods = 5 years x 12 months
Fernando Jose would like to buy a cellphone payable for 6 months starting at the end of the month. How much is the cost of the cellphone if his monthly payment is P3.000 and interest is 9% compounded semi-annually? a. P17,545.08 b. P18,674.80 c. P20,000.00 |d. P21,785.45
Rosina plans on aving$2,225a ycar and expects to carn a rate of8.37%compounded quarterly. How much will she have in her account at the chd of 43 years? • 1.53,639,983approx. • 2.5881,927approx. •3.5816,159 approx. •4.578,392 approx. •5.570,537 approx.
The Nguyens are thinking of buying a home for $121,000. A potential lender advertises an 80%, thirty-year simple interest amortized loan at 8 and 1/4% interest, with an APR of 9.23%. Use the APR to approximate the fees included in the finance charge. (Round your answer to the nearest cent.)
Find the monthly payment for the loan. (Round your answer to the nearest cent.) A $262,000 condominium bought with a 30% down payment and the balance financed for 30 years at 3.05%
Kendra took out a loan for $750 et an 84% APR, compounded monthly, to buy a stereo. If she will make monthly payments of $46.50 to pay off the loan which of these groups of values plugged into the TVM Solver of a graphing calculetor could be used to calculute the number of payments she wil have to make? O A NIN -84, PV--750, PMT-46.5 FV-0, P/Y-1 C/Y-12 PMT END O B. NIN07, PV-750, PMT-46.5, FV-0, P/Y-12 C/Y-12 PMTEND O C. N-IN 8.4 PV-750, PMT-46.5 FV-0 P/Y-12 C/Y-12 PMT:END D. N-IN0.7: PV-750 PMT-46.5: FV-0; P/Y-1; C/Y-12 PMT:END
If I bought a car for $25,615, financed 5 rs at 6.9% apr, what will the balance of the loan be after 2.5 years assuming i made every $506 payment on time.
A house that you are interested in has the following facts listed online: Price = $214,000 APR = 1.15% Down Payment must be 9.5% Loan time frame is 35 years The Loan you must take out is 193670 What is the Monthly price you must pay on this house.
To help buy her new condominium, Mai is taking out a $163,000 mortgage loan for 30 years at 3.4% annual interest. Her monthly payment for this loan is $722.87. of a year. Round your answers to the nearest cent. 12 Fill in all the blanks in the amortization schedule for the loan. Assume that each month is Payment number Principal payment Interest New loan balance payment 1 2 $| $162,477.18 130 $346.85 $376.02 $122,041.32 $ 0 131
5. Motorcycle shop advertises a tricycle for P75,000, including taxes. If you finance the purchase of this tricycle for three years at annual interest rate of 4.75%, what is the monthly payment?
When purchasing a $100,000 house, a borrower is comparing two loan alternatives. The first loan is an 80% loan at 4% with monthly payments of $591.75 for 15 years. The second loan is 90% loan at 5% with monthly payments of $526.13 over 25 years. What is the incremental cost of borrowing the extra money assuming the loan will be held for the full term? O 6.50% O 13.21% O 7.20% O 13.70%

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