Antoine Smith wants a new pickup truck listed for $55,500. He will make a down payment of $30,000 and finance the balance at 2.01% interest for 6 years (72 months). Find the monthly payment using a spreadsheet. Round your answer to the nearest cent. The monthly payment is S.

Chuck Wells is planning to buy a Winnebago motor home. The listed price is $155,000. Chuck can get a secured add-on interest loan from his bank at 7.45% for as long as 60 months if he pays 15% down. Chuck's goal is to keep his payments below $3,600 per month and amortize the loan in 42 months. (a) Find Chuck's monthly payment (in $) with these conditions. (Round your answer to the nearest cent.) $ Can he pay off the loan and keep his payments under $3,600? Yes, under these conditions, Chuck will meet his goal.No, the monthly payment is too high.     (b) What are Chuck's options to get his payments closer to his goal? (Select all that apply.) try to negotiate a lower interest ratemake a higher down paymenttry to bargain for a higher sale pricetry to bargain for a lower sale pricemake a lower down paymenttry to negotiate a higher interest rate (c) Chuck spoke with his bank's loan officer, who has agreed to finance the deal with a 6.95% loan if Chuck can pay 20% down. What…

You want to buy a $12,000 car. The company is offering a 3% interest rate for 48 months (4 years). What will your monthly payments be?

You MUST use the TI BA II calculator features (N, I/Y, PV, PMT, FV, AMORT) Matt agreed to make two payments - a payment of $2,000 due in nine months and a payment of $1,500 in a year.If Matt makes a payment of $1,800 now, when should he make a second payment of $1,700 if money is worth 8% compounded quarterly?

Diane is deciding between two personal loans. For each loan, the loan amount is $7500. Use the ALEKS loan calculator for the following. Also use the regular ALEKS calculator, as necessary. Write your answers to the nearest cent. ALEKS Loan Calculator Loan amount: $ Loan term: Interest rate: Calculate years % Monthly payment: (a) For Loan A, the interest rate is 6.15% per year and the loan term is 7 years. Find the total amount to repay Loan A. S (b) For Loan B, the interest rate is 6.15% per year and the loan term is 5 years. Find the total amount to repay Loan B. (c) For which loan would she pay less, and by how much? Loan A The total amount paid is $ less. Loan B The total amount paid is $less. X Ľ

You want to buy a $18,500 car. The company is offering a 3% interest rate for 4 years. a. What will your monthly payments be? Round to the nearest cent.

you want to buy a $29,000 car. The company is offering a 3% interest rate for 3 years. What will be my monthly payment?

After starting your first full-time job out of college, you decide to buy a new car for $12,000. Using Excel, create a complete amortization table for this car-loan: You make 36 equal end- of-month payments. The discount rate is 7.25% compounded monthly. How much would you owe after the 15th payment is made? Use excel to solve

Jill Mock wants to add a small hair salon to her home. The addition will cost $12,100. She will make a down payment of $2000 and finance the balance at 10.9% interest for 5 years (60) months). Find the monthly payment using a calculator Round your answer to the nearest cent. The monthly payment is S X

You are negotiating to buy a new car with a car salesman at a local dealer. You have negotiated the price to $38,000.  You have $3,000 to put towards the down payment and plan to get a loan for the rest.  If you can get an annual interest rate of 11 percent APR (with monthly compounding) over a 5-year period, what would be your monthly payment? Round it to two decimal place (cents), e.g., 234.56.