Troy Juth wants to purchase new dive equipment for Underwater Connection, his retail store in Colorado Springs. He was offered a $57,000 loan at 8% for 36 months. What is his monthly payment by table lookup? (Use Table 14.2) Note: Round your answer to the nearest cent. Monthly payment
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- Troy Juth wants to purchase new dive equipment for Underwater Connection, his retail store in Colorado Springs. He was offered a $56,000 loan at 7.5% for 48 months. What is his monthly payment by table lookup? (Use Table 14.2) Note: Round your answer to the nearest cent. What is the monthly payment. Table 14.2 states at 7.5% interest for 48 months it is 24.18Troy Juth wants to purchase new dive equipment for Underwater Connection, his retail store in Colorado Springs. He was offered a $43,000 loan at 4% for 48 months. What is his monthly payment by formula? (Round your answer to the nearest cent.) Monthly PaymentTroy Juth wants to purchase new dive equipment for Underwater Connection, his retail store in Colorado Springs. He was offered a $56,000 loan at 5% for 48 months. What is his monthly payment by formula or financial calculator? (Round your answer to the nearest cent.) Monthly payment
- How do I work out this problem? Troy Juth wants to purchase new dive equipment for Underwater Connection, his retail store in Colorado Springs. He was offered a $51,000 loan at 3% for 48 months. What is his monthly payment by formula? (Round your answer to the nearest cent.)Troy Juth wants to purchase new dive equipment for Underwater Connection, his retail store in Colorado Springs. He was offered a $62,000 loan at 6% for 72 months. What is his monthly payment by formula? (Round your answer to the nearest cent.) Monthly payment cesTroy Juth wants to purchase new dive equipment for Underwater Connection, his retail store in Colorado Springs. He was offered a $61,000 loan at 4% for 60 months. What is his monthly payment by formula? (Round your answer to the nearest cent.)
- Suppose you take out a 36-month installment loan to finance a delivery van for $26,100. The payments are $989 per month, and the total finance charge is $9,504. After 25 months, you decide to pay off the loan. After calculating the finance charge rebate, find your loan payoff (in $). (Round your answer to the nearest cent.) Need Help? Read It Watch It Master ItAngela's bank gave her a 2-year add-on interest loan for $6,120 to pay for new equipment for her antiques restoration business. The annual interest rate is 8.28%. How much interest will she pay? What are her monthly payments? Question content area bottom Part 1 She will pay $enter your response here in interest on the loan. (Round to the nearest cent.) Part 2 Her monthly payments are $enter your response here. (Round to the nearest cent.)You have $5,000 on a credit card that charges a 17% interest rate. If you want to pay off the credit card in 4 years, how much will you need to pay each month (assuming you don't charge anything new to the card)? Question Help: Submit Question Video each month Search hp
- Give typing answer with explanation and conclusion you want to borrow $71,400 from your local bank to buy a nee sailboat. you can afford to make monthly paymnets of $1,480 but no more. assuming monthly compounding, what is the highest rate per year you can afford on a 78- month-loan?Use the screenshot attached below to answer the questions Thanks! 1. What is your monthly payment if you choose 0% financing for 48 months? Round to the nearest dollar. 2. The rebate offer is $2600, and you can obtain a car loan at your local bank for the balance at 2.99% compounded monthly for 48 months. If you choose the rebate, what is your monthly payment? Round to the nearest dollar. 3.You want to make monthly payments of $413, but you don't want a car loan over your head for more than 48 months, so you decide to go with the down payment option. How much of a down payment do you need to make? Round to the nearest dollar. 4.Suppose you make a down payment of 17% of $27,600 and finance the rest at 1.5% compounded monthly for 48 months. How much interest do you pay over the life of the loan? Round to the nearest dollar.You have $3,500 on a credit card that charges a 21% interest rate. If you want to pay off the credit card in 3 years, how much will you need to pay each month (assuming you don't charge anything new to the card)? $ MyOpenMath Question Help: Video Submit Question each month Search hp