You have saved $4,000 for a down payment on a new car. The largest monthly payment you payments. What is the most expensive car you can afford if you finance it for 48 months? Fc nearest cent. Financed for 48 months: $ Financed for 60 months: $

Calculating Loan Payments You want to buy a new sports coupe for $69,300, and the finance office at the dealership has quoted you a loan with an APR of 5.6 percent for 48 months to buy the car. What will your monthly payments be? What is the effective annual rate on this loan?

You would like to buy a new car. The car costs will be $81 500. If you can earn 12% per annum, how much do you have to invest today to buy the car in three years?              Select one: a. None of the given answers is correct.  b. $58 244.14 c. $58 145.32 d. $58 010.09

Sultan’s Used Cars just sold you a clunker (you need it to get to class on time). You financed the $8,000 purchase price for 48 months. They said your payment would be $250. What interest rate did they charge you (assume monthly compounding)?

Nikul

Please show working and answer a and b 1. You have saved $4,000 for a down payment on a new car. The largest monthly payment you can afford is $500. The loan will have an 8% APR based on end-of-month payments. (A) What is the most expensive car you can afford if you finance it for 48 months? Do not round intermediate calculations. Round your answer to the nearest cent.$   What is the most expensive car you can afford if you finance it for 60 months? Do not round intermediate calculations. Round your answer to the nearest cent.$

You bought a new car for $40,000 paying 10% down and financed the rest with a 36-month loan. What monthly payments are required to amortize the loan if you borrowed at an annual interest rate of 6.9%? O $1,112.40 O $1,050.19 O $1.095.19 O $1,109.93. 14 *N