Mball has just purchased a car for R342 000. The bank offered her a 5 year finance plan with monthly paymefits of R7 266.49. Calculate the interest rate per annum, compounded monthly OA.9% OB 11% O C.8% ● D. 10%
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- W - 2... History S Bookmarks Window Help SA D21 5.3 Amortized Loans... What will the monthly payment be? Sarah negotiated a price of $25,590.00 for a new Toyota Camry Hybrid Sedan. She is prepared to give a down payment of 17%. Her credit union offered her a 6-year amortized loan for the remaining amount at a rate of 1.8%. How much money will be paid in interest? How much will the car cost, in total? $ D21 Chapter 5.3 - 21516... www d2l.pima.edu CHECK ANSWER LG My Courses - Lookin... If she got a simple interest loan at the same interest rate and time, how much would she pay in interest? LG Academics - Looking...Problem 1 Michelle borrows $7, 200 from her father to buy a used car. She repays him after9 months, at an annual simple interest rate of 6.2%. Find the total amount she repays. PlEASE GIVE FULL SOLUTIONSherry Smart is buying a $350,000 home and will pay the mortgage monthly for 30 years. She has a good credit score and has qualified for a 5.125% loan interest. How much will she be paying monthly for the home? Question 2Answer a. $1,318.69 b. $2,013.67 c. $975.88 d. $1,572.72
- QUESTION 11. Debbie wants to buy a new car. The bank is prepared to give her a loan on the basis that she pays a 30% deposit, a residual value of R 200 000.00 and finances the balance with a loan. The loan is for a period of five (5) years. The full purchase price of the car is R 800 000.00. The instalments on the loan are payable at the end of every month. The interest rate is 13.5% per annum. Calculate what the amount of Debbie's monthly instalments on the loan will be. R 12 742.16 R 10 416.36 R 10 533.55 R 12 885.51 None of the aboveQ. Jayden borrows $10500 from his grandmother for 4 years. Jayden’s grandmother gives Jayden a simple annual interest loan at 4.5% interest. How much will Jayden need to repay grandma in interest? How much in total will Jayden pay? Answer it only using Excel spreadsheet showing all formula. I will really upvote. Thanks Please don't give me answer without using ExcelClear my chOice Corry has an income of $80,000 that he is willing to spend over a year. If his bank account's interest rate is 3.05% and the cost associated for him to visit the bank is $5.00. What is Corry's average money holding? O a. $488.00 O b. $2,560.74 O c. $5,000.00 O d. $16.00 Previous page O Type here to search
- DETAILS HARMATHAP12 6.5.029.EP. MY NOTES A recent college graduate buys a new car by borrowing $18,000 at 8.4%, compounded monthly, for 5 years. She decides to pay $379 instead of the monthly payment required by the loan. (a) What is the monthly payment required by the loan? (Round your answer to the nearest cent.) $ How much extra did she pay per month? (Round your answer to the nearest cent.) (b) How many $379 payments will she make to pay off the loan? (Round your answer up to the next whole number.) payments (c) How much does she pay in total over the life of the loan by paying $379 per month rather than the required payment? $ If instead of paying $379 per month she only paid the required payment every month, how much would she have paid in total over the life of the loan? (Round your answer to the nearest cent.) $ How much will she save by paying $379 per month rather than the required payment? (Round your answer to the nearest cent.) Need Help? Read It e Show My Work (optional)…Banking Hanna has an income of $120,000 that she is willing to spend over a year, f her bank account is giving her 4.00% and the cost associated for her to visit the bank is 54.50. How much should her withdraw per bank trip? Oa $23.00 Ob $5,217.39 Oc $2,598.08 Od $1,067.0019 You borrow $5,600 to buy a car. The terms of the loan call for monthly payments for four years at a 5.9% rate of interest. What is the amount of each payment? A. $103.22 B $130.62 C $103.73 D $131.26 OA OB OC OD
- Question 2 Calli buys a laptop for P33, 000 and makes 12% down payment. If Calli agrees to repay the balance in 12 equal monthly payments at an annual simple interest rate of 6.50%, estimate the APR for Micah's loan.Question Solve the given problem. A. Mrs. Ledesma apply for a loan for the renovation of their house. She agreed to pay P10,000 quarterly for 5 years that will start at the end of 2 years. If interest rate is 6% converted quarterly, how much is her loan? a. The type of annuity illustrated in the problem is ____________. b. The regular payment is ___________. c. The total number of payments is _________. d. Period of deferral is ________. e. The interest rate per period is ___________. f. The present value of the loan is ___________. B. Your mother plans to buy you laptop for your online class. She got an offer from Abenson of monthly installment of 1,950 monthly for 1 year and a down payment of 5,500. The payment will start at the end of 3 months. How much is the cash price of the laptop if the interest rate is 3% compounded monthly. a. The type of annuity illustrated in the problem is ____________. b. The regular payment is ___________. c. The total number of payments is _________.…K Wei-Jen needs to borrow $5000. She can borrow from a finance company at 6.90% add-on interest for 4 years. Or she can borrow from a credit union (48 monthly payments of $134.14 each.) Find each APR and determine the better choice. 10.0 APR 10.5 APR 11.0 APR 11.5 APR 12.0 APR # of monthly payments (n) 24 36 48 60 10.75 16.16 21.74 27.48 11.30 17.01 22.90 28.96 11.86 17.86 24.06 30.45 12.42 18.71 25.23 31.96 Use the table to find the APR for the finance company loan.% (Round to the nearest half percent.) Use the table to find the APR for the credit union loan. % (Round to the nearest half percent.) Which is the better choice? 12.98 19.57 26.40 33.47 12.5 APR 13.54 20.43 27.58 34.99 13.0 APR 14.10 21.30 28.77 36.52