Yvette took out a term loan with an annual interest rate of 4.61% to pay for a car. The beginning balance for a particular month was $6,596.82 and the balance after that month's payment was $6,143.11. What was Yvette's monthly payment? Round your answer to the nearest penny. 2. Assuming there were no buying/selling fees, what would be the total capital gain if 133 shares of DCBA stock were purchased for $32.14 per share and all 133 shares were sold for $41.76 per share six months later? Round your answer to the nearest penny.
Yvette took out a term loan with an annual interest rate of 4.61% to pay for a car. The beginning balance for a particular month was $6,596.82 and the balance after that month's payment was $6,143.11. What was Yvette's monthly payment? Round your answer to the nearest penny. 2. Assuming there were no buying/selling fees, what would be the total capital gain if 133 shares of DCBA stock were purchased for $32.14 per share and all 133 shares were sold for $41.76 per share six months later? Round your answer to the nearest penny.
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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1. Yvette took out a term loan with an annual interest rate of 4.61% to pay for a car. The beginning balance for a particular month was $6,596.82 and the balance after that month's payment was $6,143.11. What was Yvette's monthly payment? Round your answer to the nearest penny.
2. Assuming there were no buying/selling fees, what would be the total
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