You want to bought a car for $8,000. You have monthly wage is $1,800 of which $600 will be saved for the car. How long it will take to reach $8,000 with your current saving, the interest rate is 7.2% pa compounding monthly? Please show in EXCEL

Suppose you want to borrow $20,000 for a new car. You can borrow 8% per year, compounded 8 monthly (12 = 0.66667% per month. Take a 4 year loan, what is your monthly payment?

You are considering the purchase of a $54,000 Ford F-150 Raptor. If you are financing the truck for 60 months and the auto loan annual rate is 3.5%, what is your monthly car payment? (Round your answer to the nearest hundredth; two decimal places) Your Answer: Answer

Suppose that you buy a car costing $14,000. You agree to make payments at the end of each monthly period for 4 years. You pay 7% interest, compounded monthly.(a) What is the amount of each payment? (b) Find the total amount of interest you will pay.

You want to buy a $13,000.00 car. You can make a 10% down payment, and will finance the balance with a 3% interest rate for 36 months (3 years). What will your monthly payment be? My monthly payment will be $______

You buy a new truck for your trailer that costs $55,000. What are your monthly payments for a 5 year loan assuming an annual interest rate of 4.75%? Your down payment was $10,000. Make sure your answer is shown to the nearest whole cent.

Suppose you would like to purchase a new mustang GT. The sticker price of the mustang you want is $40000. The dealer is able to give you an APR of 4% for 5 years. How much will your monthly payments be?How much will you have paid in interest once the loan is paid off?

You are looking to buy a car. You can afford $600 in monthly payments for five years. In addition to the loan, you can make a $700 down payment. If interest rates are 9.25 percent APR, what price of car can you afford (loan plus down payment)? Note: Do not round intermediate calculations and round your final answer to 2 decimal places.

Suppose that a car that you want costs $9000.  You make a down payment of $1000 and finance the rest for 4 years at 1.9% interest, compounded monthly.  If you make monthly payments for 4 years, what is the total amount of interest that you'll end up paying?  Round your answer to two decimal places if rounding is necessary.  The $ sign is already written next to the answer box, so do not type a $ sign in your answer.

You want to buy a $18,500 car. The company is offering a 3% interest rate for 4 years. a. What will your monthly payments be? Round to the nearest cent.