London Motors will sell a $16,949 car for $335 per month for 60 months. What is the interest rate?

BMW will sell a $55,000 car for $890 per month for 72 months. What is the annual interest rate? Hint: Excel will help you to calculate the monthly interest rate if you enter 72 as the number of periods. So, you need to multiply that monthly interest rate by 12 to get the annual interest rate. a. 3.31% O b. 7.15% C. 4.12% d. 2.43% e. 5.17%

A borrower takes out a 30-year loan for a house worth $250,000. If the annual interest rate is 6%.   if the borrower chooses to pay $40,000 at the end of year 12, what will the new payments be assuming the loan maturity will not be reduced?

Your business had to borrow 584, 069.18 to cover some urgent experises. The loan carries an annual interest rate of 15%, and the monthly payment is $2000. How many years will it take to pay off this loan? ROUND YOUR ANSWER TO THE NEAREST WHOLE NUMBER

You borrow $280,000; the annual loan payments are $24,871.68 for 30 years. What interest rate are you being charged? Round your answer to the nearest whole number. %

A man buys a car for $34,000. If the interest rate on the loan is 12%, compounded monthly, and if he wants to make monthly payments of $900 for 36 months, how much must he put down? (Round your answer to the nearest cent.)$ _____

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 borrow $305,000; the annual loan payments are $46,451.56 for 30 years. What interest rate are you being charged? Round your answer to the nearest whole number.  =    %

You borrow 300,000 to buy a new house.                 The loan is a conventional 30-year loans and payment is made at the end of each month (so will you make more than just 30 payments, right!) What should be the monthly interest rate so that payment is $2,948.01

You borrow 112000 for 10 years from a bank in order to renovate your flat. The effective interest rate charged by the bank is 7.6% per annum. The loan is to be repaid by level annual repayments, paid in arrears. Calculate the annual repayment. Give your answer to two decimal places.