Dick Davis buys a five-year-old used Toyota from Pioneer Auto Sales for $7,999. Hey puts $400 down and finances the rest through the car lot at 6.5% add-on interest. He agrees to make thirty-six monthly payments. Find the size of each payment. (Round your answer to the nearest cent.)

Taibi Hafid is considering the purchase of a used car. The price, including the title and taxes, is $10,500. Taibi is able to make a $2,500 down payment. The balance, $8,000, will be borrowed from his credit union at an interest rate of 10% compounded daily. The loan should be paid in 48 equal monthly payments. Compute the monthly payment. What is the total amount of interest Taibi has to pay over the life of the loan?

Elin purchased a used car for ​$9,500. She wrote a check for $2,000 as a down payment for the car and financed the $7,500 balance. The annual percentage rate​ (APR) is 3​% compounded​ monthly, and the loan is to be repaid in equal monthly installments over the next three years. Which of the following is most near to​ Elin's monthly car​ payment?

Yolanda borrows $70,000 to buy a BMW. The dealer charges her an APR of 5%, compounded monthly, and requires her to make payments also on a monthly basis for next five years. What will be the amount of each payment? a) $2,265 O b) $3,698 O c) $1,173 d) $16,168 O e) $1,321

Rob asks his good friend Ted to borrow $5,000 and says he will pay it back to him in 6 months with 8% interest, meaning Rob will owe Ted $5,200 if he pays it back at that time.  Ted asks Rob to "make" a promissory note payable to Ted stating these terms.  Rob does prepare the "note" and signs and gives it to Ted and at the same time Ted gives Rob the $5,000.  Ted in need of money unexpectedly, because he loses his job, contacts his buddy Gullible, and asks him if he will buy the note at a discount of $4,800.  Gullible accepts and stands to make a nice profit when the note owed by Rob comes due. When Gullible gives Ted the $4,800, Ted writes on the note "Without Recourse" and signs his name and tenders the note to Gullible.  Gullible does see Ted write this on the note, but is not sophisticated with regard to legal lingo, and thinks nothing of it.  He therefater gets nervous and thinks maybe he should sell the note himself right away.  He calls his aunt Saviour who says she will buy the…

Gabrielle secured a 3-year car loan at 5.90% compounded annually that required him to make payments of $882.53 at the beginning of each month. Calculate the cost of the car if he made a downpayment of $2,250. Round to the nearest cent

Tim Houston purchased a wall unit for $2,200. He made a $800 down payment and financed the balance with an installment loan for 48 months. If Tim's payments are $42.50 per month, use the APR formula to calculate what annual percentage rate he is paying on the loan. (Round your answer to two decimal places.)

Tim Houston purchased a wall unit for $2,300. He made a $800 down payment and financed the balance with an installment loan for 48 months. If Tim's payments are $42.50 per month, use the APR formula to calculate what annual percentage rate he is paying on the loan. (Round your answer to two decimal places.)