13.I want to buy a car. I pay $506 per month for five years. The quoted APR is 6.9%. How much did I pay for the car? Sx12= 60 months 6.9% /12=0.5750% per month 506 [= $25,615] 14.If the best offer was $548 per month from the dealership, how much did they want for the car? 15. What is the balance on the loan after 2 ½ years, if I made every $506 payment on time? 16. How much of payment 2 is interest? How much goes to principal? 17.If I make payments of $580 per month, how long will it take me to pay off the loan?

You would like to buy a new car. The car costs will be $81 500. If you can earn 12% per annum, how much do you have to invest today to buy the car in three years?              Select one: a. None of the given answers is correct.  b. $58 244.14 c. $58 145.32 d. $58 010.09

Sultan’s Used Cars just sold you a clunker (you need it to get to class on time). You financed the $8,000 purchase price for 48 months. They said your payment would be $250. What interest rate did they charge you (assume monthly compounding)?

19) would love the help.

A 110. Subject:- finance

Suppose you are in the market for a new car worth $18,000. You are offered a deal fo make a S1,800 down payment now and to pay the balance in equal end-of-month payments of $421.85 over a 48-month period. Consider the following situations:a.Instead of going through the dealer's financing, you want to make a down payment of $1,800 and take out an auto loan from a bank at 11.75% compounded monthly. What would be your monthly payment to pay off the loan in four years?b. If you were to accept the dealers offer, what would be the effective rate of interest per month charged by the dealer on your financing?

what would the formula be to solve for the table value? the table value is what i need to solve the problem

You decided to save every month for the next ten years a certain amount so that you can make a down payment for a house in your early thirties. If you think you can make an annual return of 9% and you think you will need to save $50,000 for the down payment, how much should that monthly payment be? a. $258 b. $464 c. $3291 d. $536

1. You borrow 7,000 dollars to help pay your college expenses. You agree to repay the loan at the end of 4 years at 8% interest compounded quarterly. What is the maturity value of the loan?  2. If inflation causes the cost of automobiles to increase by 2.5% each year. What should a car cost today if it cost 21,000 dollars 5 years ago?  3. Assume you are thinking of buying a house currently priced at 169,000 dollars. If housing prices rise at an annual inflation rate of 3% , estimate the purchase price of a similar house if you wait 4 years before committing yourself to buying one.  4. Suppose when you are 52 years old, the yearly statement you get from the Social Security Administration estimates that your monthly payment at age 66 will be 620 dollars. If inflation stays constant at 2% , what will be the purchasing power of that 620 dollars.

Solve each problem and round your answers to the hundredth decimal point 1. Stephanie is going to buy a car that costs $30,000. If she makes $650 a month payments for 48 months at 5.9% interest, how much was her down payment? 2. Fred is paying off a $24,000 loan over 4 years with $580 a month payments. If he will pay the entire loan off in that time, what is the interest rate? 3. How long will it take Gabriella to save $250,000 if she puts $475 a month into an annuity drawing 7.5% interest? 4.BCD Corporation is going to place $100,000 into an annuity. Then, it is going to add $25,000 a quarter to the annuity for the next 15 years. If the annuity draws 9% interest, how much will it be worth at the end of the time? 5. Karen decides to put the child-support payments from her previous husband into an annuity for the education of her two children. At the end of each month for 8 years, she puts $300 into a mutual fund that has yielded 9% compounded monthly. Find the amount of the annuity.