You have just taken out a $17,000 car loan with a 8% APR, compounded monthly. The loan is for five years. When you make your first payment in one month, how much of the payment will go toward the principal of the loan and how much will go toward interest? When you make your first payment, $ will go toward the principal of the loan and $ will go toward the interest.

Suppose you borrowed $30,000 on a student loan at a rate of 8% and must repay itin three equal installments at the end of each of the next 3 years. How large wouldyour payments be; how much of the first payment would represent interest, howmuch would be principal; and what would your ending balance be after the firstyear? (PMT = $11,641.01; Interest = $2,400; Principal = $9,241.01; Balance atend of Year 1 = $20,758.99)

Suppose you take out an auto loan for $25,500 over a period of six years at an APR of 7.5%. Determine your monthly payments, the total amount paid, and the percent paid toward interest.

Assume you graduate from college with $31,000 in student loans. If your interest rate is fixed at 4.90​% APR with monthly compounding and you repay the loans over a 10​-year period, what will be your monthly​ payment?

You take out a 30-year $150,000 mortgage loan with an APR of 12% and monthly payments. In 11 years, you decide to sell your house and pay off the mortgage. What is the principal balance on the loan? Use Excel

You borrow $700 and promise to pay back $749 at the end of 1 year. Find interest rates earned.

You have just taken a 30-year mortgage loan for $200,000. The annual percentage rate on the loan is 6%, and payments will be made monthly. Estimate your monthly payments.   A). $1,245.55   B). $1,188.07   C). $1,205.01   D). $1,199.10   E). $1,263.89   in excel

Suppose you purchase a home and obtain a 30-year fixed-rate loan of $145,000 at an annual interest rate of 7.5%. Of the second month's mortgage payment, how much is applied to the principal?

You plan on depositing $370 every month for the next 11 years in an account that pays a 0.8% interest every month. How much money will you have after the planned 11 years? Assume the account starts with a balance of $0.

Assume you graduate from college with ​$32,000 in student loans. If your interest rate is fixed at 4.90​% APR with monthly compounding and you repay the loans over a 10​-year ​period, what will be your monthly​ payment? Your monthly payment will be ​$?