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A local car dealer offers a customer a 3-year car loan of $15,000 using “add-on” interest.The first payment must be made in 30 days. What are the nominal and effective annual interest rates?
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- An amount of $6,880 is deposited into an account earning 3% interest compounded quarterly. How much will be in the account in 11 years and 6 months? Round the answer to the nearest cent. P/Y = 4 C/Y = 4 IY = %3D PV = 6880 PMT = 0 FV = %3D Submit QuestionHouse price: 6 years Q What is the On the $250.000 @ 15% c) $8286,24 c) $3125,00 24th over. intrest (compounded monthly) in trest payment due payment 6$2876,01 d) $2410, 2419 You borrow $5,600 to buy a car. The terms of the loan call for monthly payments for four years at a 5.9% rate of interest. What is the amount of each payment? A. $103.22 B $130.62 C $103.73 D $131.26 OA OB OC OD
- Calculate the monthly principal and interest in $ Round the dollars to the nearest Cent? Financed 240,000 Interest Rate Term of Loan 7.50% 25 Monthly PI $1 ↑ Property Тих 4,543 Annual Insurance 2,186 Monthly PITI ↑Amou it Financed 240,000 Calculate the Monthly principal and Interest (Round dallars to necrest Cent) Interest Rate Monthy property PI 7.50 Yo Term of Loen gears 25 ↑ Insurance PITI 6,543 2,186 Marthing AA $42,000 loan is repay with semi annual payment of $5000. What is the size of the final payment of money is borrowed at 6% Compounded semi annually? A. $4125.09 B. 4227.79 C. 4004.94 D 4114.35 E 3090.00
- Value = $325,000 Current balance = $245,580 Current payment = $1,890 Taxes = $205 Homeowners insurance = $60 Closing Costs = 2.5% Prepaids = 1% What is their new loan amount and proposed monthly PITI based on a 30-year fixed-rate of 6.125%? Choices: $256,859/ $1,825.70 $254,850 /$1,913.31 $254,850 /$1,892.07 $256,750 /$1,925.60Problem -1-: If you deposit $45,000 into an account earning 4% interest compounded quarterly per year: 1- How much would you have in 5 years? Underline the right answer $10,978.32 $36,781.88 $54,908.55 2- What is the Effective Annual Interest Rate (EAR)?Underline the right answer: 04% 06% 64%At an interest rate of 10% compounded annually, Find P? $75,000 G = $1,500 $9,000 $5,400 $6,500 2 3 4 5 6 7 46 47 Select one: O 215,550 375,660 198,243
- QUANT REASONING (105A-... Ⓒ Untitled Assume that you take out a $4000 loan for 30 months at 8.5% APR. What is the monthly payment? (Round your answer to the nearest cent.) W WA Finance 2 - Borrowing Money and Paying Interest - 22/SU INTE.... $ If you make the payment you just calculated every month for 30 months, how much will you have paid altogether? $ $ If you make the payment you just calculated every month for 30 months, what is the dollar amount of interest paid altogether? If you make the payment you just calculated every month for 30 months, what is the percentage of interest paid altogether? Round the percentage to one decimal place. %Calculate the amount of simple interest payable if a person borrowed $25 500 at a simple interest rate of 12% over a three-year period. Select one: a. $9 000.00 b. $10 326.00 c. $9 180.00 d. $3 060.00st cent. ist Co llar table Present Value of a Dollar Table Period 1% 2% 5% 45 97087 96154 95238 99010 98522 98019 97561 94340 92993 89000 94260 92456 90703 98030 97066 96117 95181 97059 95632 34232 92860 83962 79383 96098 91514 8800 M6.384 88849 R5400) X2270 79209 86261 82193 78353 74726 73901 5 68058 6 94218 92385 90595 95147 92826 90573 88385 94205 91454 88797 86230 83748 79031 74622 70496 63017 7 93272 90101 87056 84127 81309 75992 71068 58349 85,349 82075 X3676 78941 92348 88771 91434 87459 20073 76642 90529 86167 82015 78120 74409 89632 84893 80426 76214 72242 64958 888745 XW639 78849 74356 70138 62460 87866 82401 60057 81185 57748 86135 79985 55526 48102 16 85282 78803 62317 53391 45811 39365 17 84438 77639 71416 37136 27027 18 76491 70016 35034 25005 82774 75361 68643 23171 81954 74247 67297 14964 60502 51337 43630 38739 49363 41552 57029 47464 39573 33051 55368 45639 37689 31180 21455 81143 73150 65978 595.39 53755 43883 35894 29416 19866 80340 72069 64684 SHONG 52189 34185…
