When Maria Acosta bought a car 2 and a half years ago, she borrowed $11,000 for...
When Maria Acosta bought a car 2 and a half
years ago, she borrowed $11,000 for 48 months at 6.6% compounded monthly. Her monthly payments are $261.37, but she'd like to pay off the loan early. How much will she owe just after her payment at the 2 and a half year mark? (Round your answer to the nearest cent.)
Homework Answers
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When Maria Acosta bought a car 2 and a half
years ago, she borrowed $11,000 for...
When Maria Acosta bought a car 2 1/2 years ago, she borrowed $12,000 for 48 months...
When Maria Acosta bought a car 2 1/2 years ago, she borrowed $12,000 for 48 months at 6.6% compounded monthly. Her monthly payments are $285.13, but she'd like to pay off the loan early. How much will she owe just after her payment at the 2 1/2-year mark? (Round your answer to the nearest cent.)
4. -/1 points HarMathAp 126.5.015.MI. My Notes Ask Your Teacher When Maria Acosta bought a car 2 years ago, she bor...
4. -/1 points HarMathAp 126.5.015.MI. My Notes Ask Your Teacher When Maria Acosta bought a car 2 years ago, she borrowed $17,000 for 48 months at 7.8% compounded monthly. Her monthly payments are $413.43, but she'd like to pay off the loan early. How much will she owe just after her payment at the 2 year mark? (Round your answer to the nearest cont.) Need Help? Master T alk to a Tutor lo s Your Teacher
13-19 odd please 13. A $10,000 loan is to be amortized for 10 years with quarterly...
13-19 odd please
13. A $10,000 loan is to be amortized for 10 years with quarterly payments of $334.27. If the interest rate is 6% compounded quarterly, what is the unpaid balance immediately after the sixth payment? 14. A debt of $8000 is to be amortized with 8 equal semi- annual payments of $1288.29. If the interest rate is 12% compounded semiannually, find the unpaid balance immediately after the fifth payment. 15. When Maria Acosta bought a car 2 years...
Kathy Stonewall bought a new car for $14 comma 714. A dealer's financing was available through...
Kathy Stonewall bought a new car for $14 comma 714. A dealer's financing was available through a local bank at an interest rate of 13.5% compounded monthly. Dealer financing required a 8% down payment and 48 equal monthly payments. Because the interest rate was rather high, Kathy checked her credit union for possible financing. The loan officer at the credit union quoted a 11.8% interest rate for a new-car loan and 12.5% for a used car. But to be eligible...
Some years ago, Penny purchased the car of her dreams for $25,000 by paying 20% down...
Some years ago, Penny purchased the car of her dreams for $25,000 by paying 20% down at purchase time and taking a $20,000, 5 years, 6% per year, compounded monthly loan with 60 monthly payments of $3866.66 each. She is examining her loan situation and would like to have some specific information. Help her obtain the following: (a) Verification of the current monthly payment amount. (b) Total amount she will pay over 5 years. (c) Total interest she will pay...
Emile bought a car for $27,000 three years ago. The loan had a 5 year term...
Emile bought a car for $27,000 three years ago. The loan had a 5 year term at 8% interest rate, and Emile has been making monthly payments for three years. How much does he still owe on the car? (Hint: first you will need to figure out the monthly payment on the 5 year loan.)
Emile bought a car for 529,000 three years ago. The loan had a 5 year term...
Emile bought a car for 529,000 three years ago. The loan had a 5 year term at 6X interest rate, and Emile has been making monthly payments for three years. How much does he still owe on the car? (Hint: first you will need to figure out the monthly payment on the 5 year loan.) Answer: Check
Emile bought a car for $27,000 three years ago. The loan had a 5 year term...
Emile bought a car for $27,000 three years ago. The loan had a 5 year term at 7% interest rate, and Emile has been making monthly payments for three years. How much does he still owe on the car? (Hint: first you will need to figure out the monthly payment on the 5 year loan.) Answer:
Maria borrowed money from a bank to invest in antiques. She took out a personal, amortized...
Maria borrowed money from a bank to invest in antiques. She took out a personal, amortized loan for $27,000, at an interest rate of 7.85% , with monthly payments for a term of 1 year For each part, do not round any intermediate computations and round your final answers to the nearest cent. If necessary, refer to the list of financial formulas. (a) Find Maria's monthly payment. ? (b) If Maria pays the monthly payment each month for the full...
bu merest Maria borrowed money from a bank to invest in antiques. She took out a...
bu merest Maria borrowed money from a bank to invest in antiques. She took out a personal, amortized loan for $27,000, at an interest rate of 7.85%, with monthly payments for a term of 1 year. For each part, do not round any intermediate computations and round your final answers to the nearest cent. If necessary, refer to the list of financial formulas. (a) Find Maria's monthly payment. sl X 5 ? (b) If Maria pays the monthly payment each...
4. -/1 points HarMathAp 126.5.015.MI. My Notes Ask Your Teacher When Maria Acosta bought a car 2 years ago, she borrowed $17,000 for 48 months at 7.8% compounded monthly. Her monthly payments are $413.43, but she'd like to pay off the loan early. How much will she owe just after her payment at the 2 year mark? (Round your answer to the nearest cont.) Need Help? Master T alk to a Tutor lo s Your Teacher
13-19 odd please
13. A $10,000 loan is to be amortized for 10 years with quarterly payments of $334.27. If the interest rate is 6% compounded quarterly, what is the unpaid balance immediately after the sixth payment? 14. A debt of $8000 is to be amortized with 8 equal semi- annual payments of $1288.29. If the interest rate is 12% compounded semiannually, find the unpaid balance immediately after the fifth payment. 15. When Maria Acosta bought a car 2 years...
Emile bought a car for 529,000 three years ago. The loan had a 5 year term at 6X interest rate, and Emile has been making monthly payments for three years. How much does he still owe on the car? (Hint: first you will need to figure out the monthly payment on the 5 year loan.) Answer: Check
Emile bought a car for $27,000 three years ago. The loan had a 5 year term at 7% interest rate, and Emile has been making monthly payments for three years. How much does he still owe on the car? (Hint: first you will need to figure out the monthly payment on the 5 year loan.) Answer:
Maria borrowed money from a bank to invest in antiques. She took out a personal, amortized loan for $27,000, at an interest rate of 7.85% , with monthly payments for a term of 1 year For each part, do not round any intermediate computations and round your final answers to the nearest cent. If necessary, refer to the list of financial formulas. (a) Find Maria's monthly payment. ? (b) If Maria pays the monthly payment each month for the full...
bu merest Maria borrowed money from a bank to invest in antiques. She took out a personal, amortized loan for $27,000, at an interest rate of 7.85%, with monthly payments for a term of 1 year. For each part, do not round any intermediate computations and round your final answers to the nearest cent. If necessary, refer to the list of financial formulas. (a) Find Maria's monthly payment. sl X 5 ? (b) If Maria pays the monthly payment each...
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