You have an outstanding student loan with required payments of $500 pe ate on the loan is 8% APR (monthly). You are considering making an ext in extra $150 that you are not required to pay). If you are required to con until the loan is paid off, what is the amount of your final payment? What wwith monthly compounding) have you earned on the $150?

You have an outstanding student loan with required payments of $500 pe ate on the loan is 8% APR (monthly). You are considering making an ext in extra $150 that you are not required to pay). If you are required to con until the loan is paid off, what is the amount of your final payment? What wwith monthly compounding) have you earned on the $150?

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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Give typing answer with explanation and conclusion you want to borrow $71,400 from your local bank to buy a nee sailboat. you can afford to make monthly paymnets of $1,480 but no more. assuming monthly compounding, what is the highest rate per year you can afford on a 78- month-loan?
Do all parts its urgent
Suppose you borrow $29 thousand for 54 months to purchase a car. The loan has a rate of 7% with add-on interest payments. What are the total payments over the life of the loan, to the nearest $1? Drop the $ sign
If you take out a loan for a new $20,000 car, a typical APR with a fair credit score is 4.8%. If you make monthly payments of A dollars, find an expression for your debt right after your first payment (remember that there is a difference between the APR and the monthly interest rate). *the first picture is my answer that is needed to answer the question (20000)(1.048') – A1.048* k=1 For any integer n > 1, and any r+ 1, it can be verified that п-1 pn 1 - r – 1 - k=0
1) What is the maximum that you would be willing to loan your brother for a $100 IOU if he promises to pay you back at the end of the year? You want to earn an annual rate of return of 12%. A) $82.00 B) $89.29 C) $92.73 D) $88.00
Create an Amortization schedule-see amortization video. How much student debt will I bear by the time I graduate? What will my student loan payments be? a. My undergraduate student debt is $32,500. I have secured a 4.08% annual rate (EAR) for a 25-year loan, identify the monthly payment. b. What is the total amount of interest paid on this loan? c. In total (interest plus principle) how much did you pay for this $32,500 loan?
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