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…

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 are thinking of purchasing a house. The house costs $200,000. You have $29,000 in cash that you can use as a down payment on the house, but you need to borrow the rest of the purchase price. The bank is offering a 30-year mortgage that requires annual payments and has an interest rate of 9% per year. What will be your annual payment if you sign this mortgage? The annual payment is $ (Round to the nearest dollar.)
You want to buy a car. The loan amount will be $32,000. The company is offering a 3% interest rate for 48 months (4 years). What will your monthly payments be?
Carla borrowed $1,310 from the Royal Bank at 7.9% per annum calculated on the monthly unpaid balance. She agreed to repay the loan in blended payments of $200 per month. Construct a complete repayment schedule treating each month as 1/12 of a year. Do not include the dollar sign in your answers. Do not include the comma usually used to denote thousands. Calculate the sum of the Amount Paid column. Calculate the sum of the Interest Paid column.
Lenny Robredo takes out a $30000 loan for her new Honda Civic. She will pay back the entire loan at the end of 8 years. It is a compound interest loan with an interest rate of 7.25%. How much will she have to pay at the end of 8 years? * O $17400.00 O $30725.00 O $2351982.31 O $52516.97

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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: