From this partial advertisement:$86.83 per month for 60 months$3,700 used car cash price$50 down paymenta. Calculate the amount financed.Amount financedFinance charge$b. Calculate the finance charge.Note: Round your answer to the nearest cent.3,650Deferred payment priceS 1,559 80c. Calculate the deferred payment price,Note: Round your answer to the nearest cent.S 5.250.00 d. Calculate the APR by Table 14.1.Note: Round your answers to 2 decimal places.APRbetween%Monthly paymentande. Calculate monthly payment (by formula).Note: Round your answer to the nearest cent.15.00 %

Car or any vehicle is purchased on loan and these loans are paid by equal monthly installments that…

From this partial advertisement: $86.83 per month for 60 months $3,700 used car cash price $50 down payment a. Calculate the amount financed. Amount financed 3,650 b. Calculate the finance charge. Note: Round your answer to the nearest cent. Finance charge 1,559 80 c. Calculate the deferred payment price. Note: Round your answer to the nearest cent.

From this partial advertisement: $86.83 per month for 60 months $3,700 used car cash price $50 down payment a. Calculate the amount financed. Amount financed 3,650 b. Calculate the finance charge. Note: Round your answer to the nearest cent. Finance charge 1,559 80 c. Calculate the deferred payment price. Note: Round your answer to the nearest cent.

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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From this partial advertisement: $123.86 per month for 60 months $5,200 used car cash price $50 down payment a. Calculate the amount financed. Amount financed b. Calculate the finance charge. (Round your answer to the nearest cent.) Finance charge c. Calculate the deferred payment price. (Round your answer to the nearest cent.)
Calculate the amount financed, the finance charge, and the monthly payments (in $) for the add-on interest loan. (Round your answers to the nearest cent.) Purchase Add-on Number of Finance Monthly Payment Down Amount (Cash) Price Payment Financed Interest Payments Charge 145% $2,000 15% 24 1,700 30 $ 616.30 $ 77.21
Calculate the amount financed, the finance charge, and the monthly payments (in $) for the add-on interest loan. (Round your answers to the nearest cent.) Purchase (Cash) Price Down Payment Amount Financed Add-on Interest Number of Payments Finance Charge $50,500 25% 37875 10.8% 60 $ Monthly Payment
Calculate the amount financed, the finance charge, and the monthly payments (in $) for the add-on interest loan. (Round your answers to the nearest cent.) Purchase(Cash)Price DownPayment AmountFinanced Add-onInterest Number ofPayments FinanceCharge MonthlyPayment $2,000 15% $ 1700 12 1 2 % 30 $ _____ $ ____
Calculate the amount financed, the finance charge, and the monthly payments (in $) for the add-on interest loan. (Round your answers to the nearest cent.) Purchase Add-on Monthly Payment Down Amount Number of Finance (Cash) Price Payment Financed Interest Payments Charge $50,100 25% $ 37,575 13.2% 60 $ 24799.5 $ 1040
Note: Round all answers to the nearest cent when necessary. Calculate the amount financed, the finance charge, and the total deferred payment price (in $) for the following installment loan. Purchase(Cash)Price DownPayment AmountFinanced MonthlyPayment Number ofPayments FinanceCharge TotalDeferredPaymentPrice $2,600 0 $2600 $189.69 18 $814.42 $ ??
Calculate the amount financed, the finance charge, and the monthly payments (in $) for the add-on interest loan. (Round your answers to th Monthly Payment Purchase (Cash) Price $711 Down Payment Need Help? 10% Read It Amount Financed $ 639 90 Add-on Interest 7% Number of Payments 12 S Finance Charge Enter a number.
1. Calculate (a) the amount financed, (b) the total finance charge. Round the "Finance charge" to the nearest cent and "APR" to the nearest tenth percent.) Purchase price of a used car 5793 Down payment 1283 Number of monthly payments 48 Amount financed ? Total of monthly payments 5849.76 Total finance charge ? APR %
Calculate the amount financed, the finance charge, and the monthly payments (in $) for the add-on interest loan. (Round your answers to the nearest cent.) Purchase Add-on Finance Monthly Payment Down Amount Number of (Cash) Payment Financed Interest Payments Charge Price 14-% $2,000 15% $ 30 $ $ 2
Note: Round all answers to the nearest cent when necessary. Calculate the amount financed, the finance charge, and the total deferred payment price (in $) for the following installment loan. Total Purchase Down Number of Monthly Payment Amount Finance Deferred (Cash) Payment Financed Payments Charge Payment Price Price $3,400 20% 2$ $250.00 12 $ 2$
Calculate the amount financed, the finance charge, and the monthly payments (in $) for the add-on interest loan. (Round your answers to the nearest cent.) Purchase (Cash) Price $6,000 Down Payment 15% Need Help? Read It LA Amount Financed Add-on Number of Interest Payments 13-1% 2 30 LA Finance Charge LA Monthly Payment
TABLE 14.2 Loan amortization table (monthly payment per $1,000 to pay principal and interest on installment loan) Terms in months 6 12 18 24 30 36 42 48 54 60 7.50% $ 170.34 86.76 58.92 45.00 36.66 31.11 27.15 24.18 21.88 20.04 8.00% $ 170.58 86.99 59.15 45.23 36.89 31.34 27.38 24.42 22.12 20.28 8.50% 9.00% $ 170.83 $ 171.20 87.22 87.46 59.37 59.60 45.46 45.69 37.12 37.35 31.57 31.80 27.62 27.85 24.65 24.77 22.36 22.59 20.52 20.76 10.00% $ 171.56 87.92 60.06 46.14 37.81 32.27 28.32 25.36 23.07 21.25 10.50% $ 171.81 88.15 60.29 46.38 38.04 32.50 28.55 25.60 23.32 21.49 11.00% $ 172.05 88.38 60.52 46.61 38.28 32.74 28.79 25.85 23.56 21.74 11.50% $ 172.30 88.62 60.75 46.84 38.51 32.98 29.03 26.09 23.81 21.99 12.00% $ 172.55 88.85 60.98 47.07 38.75 33.21 29.28 26.33 24.06 22.24 12.50% $ 172.80 89.08 61.21 47.31 38.98 33.45 29.52 26.58 24.31 22.50 13.00% $ 173.04 89.32 61.45 47.54 39.22 33.69 29.76 26.83 24.56 22.75 13.50% $ 173.29 89.55 61.68 47.78 39.46 33.94 30.01 27.08 24.81 23.01…

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