Amount financed $8300 number of payments 36 apr 11% whats the finance charge and monthly payment amount
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Amount financed $8300 number of payments 36 apr 11% whats the finance charge and monthly payment amount
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- Amount financed 18200 number of payments 72 monthly payment 425.08 finace charge 12405.76 whats the apr%The loan below was paid in full before its due date. (a) Obtain the value of h from the annual percentage rate table. Then (b) use the actuarial method to find the amount of unearned interest, and (c) find the payoff amount. Regular Monthly Payment $401.24 APR 4.5% Remaining Number of Scheduled Payments after Payoff 12 Click the icon to view the annual percentage rate table. (a) h = $ (b) The unearned interest is $ (Round to the nearest cent as needed.) (c) The payoff amount is $. (Round to the nearest cent as needed.)Amount financed 18200 number of payments 72 monthly payment 425.08 finance charge 12405.76 whats the apr%
- AmountFinanced Number ofPayments MonthlyPayment FinanceCharge APR $18,300 72 $426.08 $ %AmountFinanced Number ofPayments APR TableFactor FinanceCharge MonthlyPayment $600 18 17% $ $ $Calculate the finance charge (in $), the finance charge per $100 (in $), and the annual percentage rate for the installment loan by using the APR table, Table 13-1. (Round dollar amounts to the nearest cent.) AmountFinanced Number ofPayments MonthlyPayment FinanceCharge Finance Chargeper $100 APR $14,000 36 $503.00 $ $ %
- Number of payments 6 12 18 24 30 36 48 60 4.0% 4.5% Annual Percentage Rate Table for Monthly Payment Plans Annual Percentage Rate 5.0% 5.5% 6.0% 6.5% 7.0% 7.5% 8.0% 8.5% 9.0% 9.5% 10.0% (Finance charge per $100 of amount financed) 1.17 1.32 1.46 2.18 2.45 2.73 4.94 5.22 3.20 3.60 7.28 7.69 4.22 4.75 5.29 9.64 10.19 10.75 1.61 1.76 1.90 2.05 2.20 2.35 2.49 2.64 2.79 3.00 3.28 3.56 3.83 4.11 4.39 4.66 4.82 5.22 5.63 6.04 6.45 6.86 5.83 6.37 6.91 7.45 8.00 8.54 9.09 7.26 7.94 8.61 9.30 9.98 10.66 11.35 8.71 9.52 10.34 11.16 11.98 12.81 13.64 12.73 13.83 14.94 16.06 17.18 18.31 19.45 20.59 16.00 17.40 18.81 20.23 21.66 23.10 24.55 26.01 27.48 5.25 5.92 6.59 12.04 12.74 13.43 6.29 7.09 7.90 14.48 15.32 16.16 8.38 9.46 10.54 11.63 21.74 10.50 11.86 13.23 14.61 4.00 4.41 2.93 5.50 8.10Determine the monthly payment for the installment loan. Use the installment payment formula m = 1- Amount Financed (P) $1,440 O A. $179.15 B. $35.15 O C. $125.26 O D. $366.02 P n 1+) - not Annual Percentage Rate (r) 8% Number of Payments per Year (n) 12 Time in Years (t) 4TABLE 14.2 Loan amortization table (monthly payment per $1,000 to pay principal and interest on installment loan) Terms in months 6 12 18 24 30 36 42 48 54 60 7.50% $ 170.34 86.76 58.92 45.00 36.66 31.11 27.15 24.18 21.88 20.04 8.00% $ 170.58 86.99 59.15 45.23 36.89 31.34 27.38 24.42 22.12 20.28 8.50% $ 170.83 87.22 59.37 45.46 37.12 31.57 27.62 24.65 22.36 20.52 9.00% $ 171.20 87.46 59.60 45.69 37.35 31.80 27.85 24.77 22.59 20.76 10.00% $ 171.56 87.92 60.06 46.14 37.81 32.27 28.32 25.36 23.07 21.25 10.50% $ 171.81 88.15 60.29 46.38 38.04 32.50 28.55 25.60 23.32 21.49 11.00% $ 172.05 88.38 60.52 46.61 38.28 32.74 28.79 25.85 23.56 21.74 11.50% $ 172.30 88.62 60.75 46.84 38.51 32.98 29.03 26.09 23.81 21.99 12.00% $ 172.55 88.85 60.98 47.07 38.75 33.21 29.28 26.33 24.06 22.24 12.50% $ 172.80 89.08 61.21 47.31 38.98 33.45 29.52 26.58 24.31 22.50 13.00% $ 173.04 89.32 61.45 47.54 39.22 33.69 29.76 26.83 24.56 22.75 13.50% $ 173.29 89.55 61.68 47.78 39.46 33.94 30.01 27.08 24.81 23.01…
- ezto.mi Calculate the monthly payment by table lookup and formula. (Answers will not be exact due to rounding of percents in table lookup.). (Use 13% for table lookup.). (Use the loan amortization table) (Round your answers to the nearest cent.) Number of Total of monthly payments $5,849.76 Total finance monthly payments Amount Purchase price of a used car $5,793 Down charge $1,339.76 financed APR payment $1, 283 48 $4,510 13% Monthly Payment es By table By formulaYou wish to finance the purchase of a boat home for $38,400. A finance company offers an APR of 12% on a 24-month installment loan. After using Table 13-1 from your text to find the finance charge, calculate the monthly payment.Calculate the finance charge (in $), the finance charge per $100 (in $), and the annual percentage rate for the installment loan by using the APR table. (Round dollar amounts to the nearest cent.) AmountFinanced Number ofPayments MonthlyPayment FinanceCharge Finance Chargeper $100 APR $17,950 48 $551.47 $ $ %