What is the monthly car payment on a 5 year $17,500 car loan at 5% annual interest?

(4-8) Annuity Payment and EAR You want to buy a car, and a local bank will lend you $20,000. The loan would be fully amortized over 5 years (60 months), and the nominal interest rate would be 12%, with interest paid monthly. What is the monthly loan payment? What is the loan's EFF%?

You determine you can afford $300 per month for a car. What is the maximum amount you can afford to pay for a car if the interest rate is 9% and you want to repay the loan in 5 years?

What is the maximum APR you can accept if you can afford to make monthly payments of $120 on a 7-year, $8000 loan?

After making the twenty-sixth payment on your car loan, you wanted to find out how much is left of your original 5 years loan at 7.1% compounded monthly of $27,000.00. What is the amount of the remaining balance of your car loan? The remaining balance of your car loan would be $. (Round to 2 decimal places.)

A car dealer will sell you a used car for $6798 with $798 down and payments of $162.51 per month for 47 month for 48 months. What is the simple interest rate ?

You want to take out a $250,000 mortgage (home loan). The interest rate on the loan is 5% and the loan is for 25 years. How much will your semi- monthly payments be? a. $655 $622 c. $730 O d. $680 e. $752 O b.

Find the APR (rounded to the nearest percent) for the loan listed. Purchase of a car for $26,200 at 2.7% add-on rate for 4 years % Need Help? Read It

If you were to finance a $50,000 car purchase with a 6 year, 4% compounded monthly loan, your monthly payments will be closest to:A) 622B) 782C) 750D)800

am. 109.