You want to buy a $39,000 car. The company is offering an amortized loan with a6.8% annual rate for 4 years. What will your monthly payments be?Round your answer to two decimal places. Do not include the $ sign in your answer.Your Answer:Answer You can afford $1,400 per month as a house payment. If you can get a home loan at6.9% interest for 15 years (paid monthly), how expensive of a home can you afford?In other words, what amount loan can you pay off with $1,400 per month for 15years?Round your answer to two decimal places. Do not include the $ sign in your answer.Your Answer:

Given statement is, You want to buy a $39.000 car. The company is offering an amortized loan with a 6.8% annual rate for 4 years. What will your monthly payments be?

Answered: You want to buy a $39,000 car. The…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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You want to buy a $39,000 car. The company is offering an amortized loan with a 6.8% annual rate for 4 years. What will your monthly payments be? Round your answer to two decimal places. Do not include the $ sign in your answer. Your Answer: