You are interested in purchasing a new automobile that costs $35.000. The dealership offers you a special financing rate of 6 in APR for 48 months. The repayment needs to be made on the monthly frequency. Assume that you do not make any down payment on the auto and take the dealer's financing deal. What is your monthly car payment? O $1533.4 O S8.059.65 O s821.98 O 5729.2

You are interested in purchasing a new automobile that costs $35.000. The dealership offers you a special financing rate of 6 in APR for 48 months. The repayment needs to be made on the monthly frequency. Assume that you do not make any down payment on the auto and take the dealer's financing deal. What is your monthly car payment? O $1533.4 O S8.059.65 O s821.98 O 5729.2

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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Jorge is buying a new car for $24,750. Compare the two loan offers by finding the monthly payments for each and calculating the total amount paid for each. Loan Options Down Payment Monthly Payment Total 5% down payment, 4.25% APR for 5 years 10% down payment, 3.25% APR for 4 years
You just bought a new TV for $2,559.72 on your credit card; assume no other purchases The APR is 18% and monthly payments. What is your monthly payment if you seek to pay off the balance at the end of 5 years from now? Round to the nearest whole number and use the $ symbol ($98 would be the form of a correct answer)
The car dealership is offering to sell you the 2014 Corvette with only minor axle damage for $308 monthly payment for the next 7 years. Your first payment would be at the end of the month. You qualify for a loan at 3.4% interest rate. Calculate the present value of these payments to determine how much they are charging you for the car. Post your answer in whole numbers. For example $10,000
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