For the car loan described, give the following information. A car dealer will sell you the $30,750 car of your dreams for $6,000 down and payments of $665.06 per month for 60 months. (a) amount to be paid $ 39903.60 (b) amount of interest $ 9153.60 (c) interest rate (Round your answer to two decimal places.) 20.67 %

For the car loan described, give the following information. A car dealer will sell you the $30,750 car of your dreams for $6,000 down and payments of $665.06 per month for 60 months. (a) amount to be paid $ 39903.60 (b) amount of interest $ 9153.60 (c) interest rate (Round your answer to two decimal places.) 20.67 %

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

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Find the monthly payment for the loan. (Round your answer to the nearest cent.) Finance $650,000 for a warehouse with a 7.5% 30-year loan
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Use an online loan calculator to determine the regular payment amount, rounded to the nearest dollar. The price of a home is $148,000. The bank requires a 20% down payment and three points at the time of closing The cost of the home is financed with a 30-year fixed rate mortgage at 85% Complete parts (a) through (e) below -CHEDD a. Find the required down payment $0 b. Find the amount of the mortgage How much must be paid for the three points at closing? (Round to the nearest dolar as needed) d. Find the monthly payment (excluding escrowed taxes and insurance) (Round to the nearest dollar as needed) e. Find the total cost of interest over 30 years (Round to the nearest dolar as needed)
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