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 $______
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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 $______
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- You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years. Which table will help you determine the value of your account at the end of 12 years? A. future value of one dollar ($1) B. present value of one dollar ($1) C. future value of an ordinary annuity D. present value of an ordinary annuityUse the tables in Appendix B to answer the following questions. A. If you would like to accumulate $4,200 over the next 6 years when the interest rate is 8%, how much do you need to deposit in the account? B. If you place $8,700 in a savings account, how much will you have at the end of 12 years with an interest rate of 8%? C. You invest $2,000 per year, at the end of the year, for 20 years at 10% interest. How much will you have at the end of 20 years? D. You win the lottery and can either receive $500,000 as a lump sum or $60,000 per year for 20 years. Assuming you can earn 3% interest, which do you recommend and why?You want to buy a car. The loan amount will be $28,000.00. A bank is offering a 5% interest rate for 36 months (3 years). What will your monthly payments be? My monthly payment will be $_______
- You want to buy a $23,000 car. You can make a 10 % down payment, and will finance the balance with a 4% interest rate for 48 months (4 years). What will your monthly payments be?You decide to finance a $10,000.00 car at a 7% interest rate for 4 years. A. How much will your monthly payment? My payment will be a month $_______. B. By the end of the loan what will be the total of all your payments? The total of all my payments will be $________. C. How much interest will you pay over the life of the loan? I will pay $_________ in interest over the life of the loan.you want to buy a $29,000 car. The company is offering a 3% interest rate for 3 years. What will be my monthly payment?
- You decide to finance a $21,000.00 car at a 4% interest rate for 4 years.A. How much will your monthly payment? My payment will be $______ a month B. How much interest will you pay over the life of the loan? I wil pay $______ in interest over the life of the loanYou want to buy a car. The loan amount will be $21,000. The company is offering a 5% interest rate for 48 months (4 years). What will your monthly payments be?You want to buy a $30,000 car. You can make a 10% down payment, and will finance the balance with a 3% interest rate for 60 months (5 years). What will your monthly payments be? LA
- You want to buy a house. The loan amount will be $285,000.00. A bank is offering a 5% interest rate for 240 months (20 years). What will your monthly payments be? My monthly payment will be $_________ .you want to buy a 25000 car. the company is offering a 2% interest rate for 48 months. what iwll your monthly payments be?You want to buy a car. The loan amount will be $29,000. The company is offering a 4% interest rate for 48 months (4 years). What will your monthly payments be? Round to the nearest cent.