You want to buy a new sports coupe for $74400 and the finance office at the dealership has quoted you a loan with an APR of 6.8 percent for 48 months to buy the car. a.What will your monthly payments be?  b. What is the effective annual rate of this loan?

Give typing answer with explanation and conclusion you want to borrow $71,400 from your local bank to buy a nee sailboat. you can afford to make monthly paymnets of $1,480 but no more. assuming monthly compounding, what is the highest rate per year you can afford on a 78- month-loan?

Please explain part b of the question  step by step through formula, not excel

You are looking to buy a car. You can afford $460 in monthly payments for four years. In addition to the loan, you can make a $1100 down payment. If interest rates are 7.25 percent APR, what price of car can you afford

You wish to buy a car at a cost of $45,000. Ford Credit will finance the car at 3.9%/year over 48 months OR you can receive a rebate of $1,500 and finance through your credit union at 9.7%/year over 48 months. How should you finance your car and what are your monthly payments? How much of a rebate would Ford have to give to make you indifferent to the financing? Round final answers to 2 decimal places. Show your work in detail for full credit. 27043 16:2206 26-01-201 301-4022- 050-4372

Vijay

You have decided to purchase a new car that costs $44,500. You need to make a 20% down payment, then you will finance the rest with a loan. Your bank will extend you a car loan where the APR is 4.32% and you will make monthly payments over five years. What is the monthly payment on the vehicle? O $593.33 O $660.78 O $512.79 O $825.98

Suppose that you decide to buy a car for $28,635, including taxes taxes and license fees. You saved $7000 for a down payment and can get a four-year car loan at 6.87%.                                                                                                       The monthly payment is $_____                                                                           The total interest for the loan is $___________

You 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 determine you can afford $300 per month for a car. What is the maximum amount you can afford to pay for a car if the interest rate is 9% and you want to repay the loan in 5 years?