You plan to buy new car. The price is $30,000 and you will make a down payment of $4,000. Your annual interest rate is 10% and you intend to pay for the car over five years. What will be your monthly payment? (Round intermediate calculation to four decimal places. Round the final ans the nearest of two decimals.) O $566.67 O $637.41 O $433.33

You purchase a new TV with a store credit card for $800. You have a year to pay off the TV, but interest accrues. The nominal rate is 12% compounded weekly. You pay back the full amount plus interest in one year, How much do you owe? O a. 866.51 O b. 832.59 O c. 901.87 O d. 896

d You have decided to buy a car that costs $31,000. Since you do not have a big down payment, the lender offers you a loan with an APR of 6.27 percent compounded monthly for 7 years with the first monthly payment due today. What is the amount of your loan payment? Multiple Choice $294.91 $454.51 $456.89 $374.71 $293.38

4. Today you purchase a previously owned Tesla Model 3 for $40,000. You take out a 0.25% per month loan for the full amount to be repaid using 48 equal monthly payments. The first payment is due one month from today. How much of your second monthly payment is interest and how much is principal? You'll need to compute the monthly payment first.

You are negotiating to buy a new car with a car salesman at a local dealer. You have negotiated the price to $38,000.  You have $3,000 to put towards the down payment and plan to get a loan for the rest.  If you can get an annual interest rate of 11 percent APR (with monthly compounding) over a 5-year period, what would be your monthly payment? Round it to two decimal place (cents), e.g., 234.56.

You have accepted a loan in an amount of $15,000 for your new car. You have agreed to pay the loan back in four years. What is your monthly payment if you agree to pay an interest rate of 9% compounding monthly?  Solve this problem for i = 6%, i = 7%, and i = 8% each compounding monthly.