For the car loan described, give the following information. A car dealer will sell you the $30,950 car of your dreams for $6,000 down and payments of $667.06 per month for 60 months. (a) amount to be paid 46023.60 (b) amount of interest $ 15073.60 (c) interest rate (Round your answer to two decimal places.) 1.70

For the car loan described, give the following information. A car dealer will sell you the $30,950 car of your dreams for $6,000 down and payments of $667.06 per month for 60 months. (a) amount to be paid 46023.60 (b) amount of interest $ 15073.60 (c) interest rate (Round your answer to two decimal places.) 1.70

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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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 % (d) APR (rounded to the nearest tenth of a percent) %
For the car loan described, give the following information. A car dealer will sell you a used car for $6,398 with $798 down and payments of $164.51 per month for 48 months. (a) amount to be paid$ (b) amount of interest$ (c) interest rate (Round your answer to two decimal places.) %(d) APR (rounded to the nearest tenth of a percent)
For the car loan described, give the following information. A car dealer will sell you the $30,950 car of your dreams for $6,000 down and payments of $667.06 per month for 60 months. (c) interest rate (Round your answer to two decimal places.) (d) APR (rounded to the nearest tenth of a percent)
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For the car loan described, give the following information. A car dealer will sell you a used car for $6,598 with $798 down and payments of $167.51 per month for 48 months. amount to be paid$ ? amount of interest$ ?Interest rate (Round your answer to two decimal places.) % ?APR (rounded to the nearest tenth of a percent) % ?
For the car loan described, give the following information. A car dealer will sell you a used car for $6,698 with $798 down and payments of $161.51 per month for 48 months. (a) amount to be paid $ (b) amount of interest $ (c) interest rate (Round your answer to two decimal places.) (d) APR (rounded to the nearest tenth of a percent) % Need Help? Read It
Assume you take out a car loan of $8,600 that calls for 48 monthly payments of $300 each. a. What is the APR of the loan? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Use a financial calculator or Excel.) b. What is the effective annual interest rate on the loan? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)
For the car loan described, give the following information. A car dealer will sell you a used car for $6,598 with $798 down and payments of $162.51 per month for 48 months. (a) amount to be paid $ 8598.48 (b) amount of interest $ 2252.48 (c) interest rate (Round your answer to two decimal places.) 1.37 X % (d) APR (rounded to the nearest tenth of a percent) 3.74 X %
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