ena bought a car priced at $13,350 for 10% down and equal semi-annual yments for 5 years. If interest is 10% compounded monthly, what is the size e semi-annual payment? e size of the semi-annual payment is $ ound the final answer to the nearest cent as needed. Round all intermediate lues to six decimal places as needed.)
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- Sue obtains a one-year loan of $2,700 based on an interest rate of 10 percent compounded annually What would be the monthly payment to pay it off in one year? Sue needs to pay $ (Use the TI BA II Plus every month. financial calculator, and enter your answer rounded to the nearest cent.)Kyla wants to have an annuity payment of $400, at the end of each six months. Use the appropriate formula to find how much she should deposit (in $) now at 6% interest, compounded semiannually, to yield this payment for 12 years. ( Round your answer to the nearest cent.) $Li Jun purchased an annuity that had an interest rate of 3.75% compounded semi- annually. It provided her with payments of $2,000 at the end of every month for 3 years. If the first withdrawal is to be made in 4 years and 1 month, how much did she pay for it? $0.00 Round to the nearest cent
- A woman wants to borrow $10,742 in order to buy a car. She wants to repay the loan by monthly installments for 6 years. If the interest rate on this loan is 5.5% per year, compounded monthly, what is the amount of each payment? (Round your answer to the nearest cent.) Submit QuestionSusan Carver will purchase a home for $280,000. She will use a down payment of 18% and finance the remaining portion at 5.7%, compounded monthly for 30 years. Complete parts (a) through (c) below. (a) What will be the monthly payment? Susan will pay $______ each month. (Round to the nearest cent as needed.) (b) How much will remain on the loan after making payment for 12 year. The amount remaining on the loan will be $______ (c) How much interest will be paid on the total amount of the loan over the course of 30 years? The amount of interest that will be paid is $____ (Round to the nearest cent as needed.)Rashida purchases a house for $300,000 and takes a mortgage for the full amount. Her mortgage charges 4% per year and interest is compounded monthly. She will repay the loan over 30 years with equal monthly payments. How much of the 1st payment would be applied toward interest and how much of the 1st payment would be principal? Click here to access the TVM Factor Table calculator. Interest = $ Principal = $ Carry all interim calculations to 5 decimal places and then round your final answers to a whole number. The tolerance is ±2.
- Helen is buying a $12,375 car with a $3000 down payment, followed by 36 monthly payments of $325 each. The down payment is paid immediately, and the monthly payments are due at the end of each month. What nominal annual interest rate is Helen paying? What effective interest rate?Jane agrees to buy a car for a down payment of $8000 and payments of $360 per month for 9 years. If the interest rate is 3% per year, compounded monthly, what is the actual purchase price of her car? (Round your answer to the nearest cent.) 42,229.19 XKate have been dreaming a house since she was a teenager. She found it at a selling price of 580,000 with an interest rate of 5.5%. Determine the equal period payments if: 1. interest rate is compounded monthly for 1 year 2. Interest rate is compounded quarterly for three years
- Susan Carver will purchase a home for $500,000. She will use a down payment of 23% and finance the remaining portion at 6.6%, compounded monthly for 35 years. Complete parts (a) through (c) below. (a) What will be the monthly payment? Susan will pay $ each month. (Round to the nearest cent as needed.) (b) How much will remain on the loan after making payments for 10 years? The amount remaining on the loan will be $ (Round to the nearest cent as needed.) (c) How much interest will be paid on the total amount of the loan over the course of 35 years? The amount of interest that will be paid is $ (Round to the nearest cent as needed.)Mrs. Lim's purchase contract for a house and lot specifies that she will pay $500,000 cash and $45,000 at the end of each month for 10 years at the interest rate of 17% converted monthly. What is the cash value of the house and lot? Round off answer to the nearest peso.Fritz Benjami buys a car costing $14200. He agrees to make payments at the end Fritz's monthly payment is: of each monthly period for 6 years. He pays 6.0% interest, compounded monthly. What is the amount of each payment? Find the total amount of interest Fritz will pay. (Round to the nearest cent.)
