View History Bookmarks Window > O mortized Loans - 21516 MAT142 Topics In College Math DERIVITA Tiana Klughart $ Help Ad2l.pima.edu DZL 5.3 Amortized Loans - 21516 MAT142 Topics In College Math Miguel can afford to pay $150.00 per month for a car. He has $6,000.00 saved up for a down payment. His bank is offering amortized car loans for 1.5% compounded monthly. If he takes out a 5-year loan, what is the price of the most expensive car he can afford? $ How much will the car cost him in total? Question 4 c

View History Bookmarks Window > O mortized Loans - 21516 MAT142 Topics In College Math DERIVITA Tiana Klughart $ Help Ad2l.pima.edu DZL 5.3 Amortized Loans - 21516 MAT142 Topics In College Math Miguel can afford to pay $150.00 per month for a car. He has $6,000.00 saved up for a down payment. His bank is offering amortized car loans for 1.5% compounded monthly. If he takes out a 5-year loan, what is the price of the most expensive car he can afford? $ How much will the car cost him in total? Question 4 c

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

See similar textbooks

Similar questions

You can afford a $200 per month car payment. You've found a 5 year loan at 7% interest. How big of a loan can you afford? S Submit Question Q Search hp O
View History Bookmarks Bookmarks Window Help rtized Loans - 21516 MAT142 Topics In College Math DERIVITA Tiana Klughart $ CHECK ANSWER O John is looking for a new car. He has a down payment of $1,750.00 and wants to pay $450.00 per month for 4 years. The best deal he found for an amortized loan is his local bank, at a rate of 2.75%. What is the highest price car he should consider buying? 7 a $ **** -- d2l.pima.edu % D2L 5.3 Amortized Loans - 21516 MAT142 Topics In College Math Activity Details 5 СЛ Chapter 5.3 S * S C 307+ Question 3 of: ( C S
If Megan has $35,000 in student loans and wants to pay them down using the standard repayment method (interest of 5.5% and starting at the end of the month), how much will she have paid in total towards her loan? $35,000.00 $44,550.45 $45,581.04 $39,786.45 please answer fast i give upvote
4 Math Applications MyOpenMath You can afford a $200 per month car payment. You've found a 5 year loan at 7% interest. How big of a loan can you afford? Submit Question Search 1 04
Business /Finance / Q&A Library / elena's son enter college 16 year from now. At the time she would like to have $20,0 elena's son enter college 16 year from now. At the time sh Question elena's son enter college 16 year from now. At the time she would like to have $20,000 available for college expenses. For that pur,her bank will set up an account that pay 7% compounded. If she makes payment into the account at the end of each quarter, what must Elena's payments to be achieve her goal Expert Answer Step 1
Q. 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 Excel
fi CMP: Quiz 4.2.2 1) A first year college student borrows money (a loan) to help pay for the tuition. The student can borrow $8,000 at an APR of 4% compounded monthly and will not have to make any payments until graduation is complete. However the interest will start to Accrve When the loan is taken out. NAME A) Assuming graduation takes 4 years, what will the balance of the loan be when the student starts to pay monthly? Bal(n) = (Bal) (1 + √2)^ $300 per B) If the student only pays how the LOAN will the student have to pay balance reaches, long (assume the loAN will be paid when the balance reaches) $100. 12t OWED = (Bal) (1 + √₂2) 1¹²+ - (Payment) ( ( 1 + ²/12) ¹2 = 1 ) 7/12 month, 2
Someone needs to borrow $13,000 to buy a car and the person has determined that monthly payments of $250 are affordable. The bank offers a 4-year loan at 8% APR, a 5-year loan at 8.5%, or a 6-year loan at 9% APR. Which loan best meets the person's needs? Explain. Question content area bottom Part 1 Which loan best meets the person's needs? (Round to the nearest cent as needed.) A. The third loan best meets the person's needs because the monthly payment of $ enter your response here is less than the maximum budgeted amount of $ per month. B. The first loan best meets the person's needs because the monthly payment of $ enter your response
K Which loan best meets the person's needs? (Round to the nearest cent as needed.) Someone needs to borrow $16,000 to buy a car and the person has determined that monthly payments of $300 are affordable. The bank offers a 4-year loan at 7% APR, a 5-year loan at 7.5%, or a 6-year loan at 8% APR. Which loan best meets the person's needs? Explain. ... OA. The first loan best meets the person's needs because the monthly payment of $ amount of $300 per month. B. The second loan best meets the person's needs because the monthly payment of $ amount of $300 per month. KOMENTAR OC. The third loan best meets the person's needs because the monthly payment of $ amount of $300 per month. D. None of the loans meet the person's needs. ch is less than the maximum budgeted is less than the maximum budgeted is less than the maximum budgeted
To pay for your education, you've taken out $24 comma 00024,000 in student loans. If you make monthly payments over 1212 years at 66 percent compounded monthly, how much are your monthly student loan payments? Question content area bottom Part 1 Your monthly student loan payments are $enter your response here. (Round to the nearest cent.)
Create an Amortization schedule-see amortization video. How much student debt will I bear by the time I graduate? What will my student loan payments be? a. My undergraduate student debt is $32,500. I have secured a 4.08% annual rate (EAR) for a 25-year loan, identify the monthly payment. b. What is the total amount of interest paid on this loan? c. In total (interest plus principle) how much did you pay for this $32,500 loan?
O CONSUMER MATHEMATICS Finding the monthly payment, total payment, and interest for a... When Laura bought her house, she got her mortgage through a bank. The mortgage was a personal, amortized loan for $99,500, at an interest rate of 3.75%, with monthly payments for a term of 40 years. For each part, do not round any intermediate computations and round your final answers to the nearest cent. If necessary, refer to the list of financial formulas. (a) Find Laura's monthly payment. (b) If Laura pays the monthly payment each month for the full term, find her total amount to repay the loan. $0 (c) If Laura pays the monthly payment each month for the full term, find the total amount of interest she will pay. $0 X Monthly Payment Formula M= P r 12 r 1- ( 1 + 12 ) - 12t

SEE MORE QUESTIONS

Recommended textbooks for you

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

Essentials Of Investments

Finance

ISBN:

9781260013924

Author:

Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:

Mcgraw-hill Education,

FUNDAMENTALS OF CORPORATE FINANCE

Finance

ISBN:

9781260013962

Author:

BREALEY

Publisher:

RENT MCG

Financial Management: Theory & Practice

Finance

ISBN:

9781337909730

Author:

Brigham

Publisher:

Cengage

Foundations Of Finance

Finance

ISBN:

9780134897264

Author:

KEOWN, Arthur J., Martin, John D., PETTY, J. William

Publisher:

Pearson,

Fundamentals of Financial Management (MindTap Cou…

Finance

ISBN:

9781337395250

Author:

Eugene F. Brigham, Joel F. Houston

Publisher:

Cengage Learning

Corporate Finance (The Mcgraw-hill/Irwin Series i…

Finance

ISBN:

9780077861759

Author:

Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS