Karl can afford of $235 a month for 4 years
WebbWhat interest rate will you earn on this annuity? (enter your answer as a percentage with two decimal points i.e. 15.33 -don't include the % symbol) QUESTION 17 Hayden can … WebbHayden can afford car payments of $235 a month. The dealer will finance a car that costs $11,000 at 5.75 percent interest per year. How long (in months) will i…
Karl can afford of $235 a month for 4 years
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WebbQuestion 1 1.3 out of 1.3 points Karl can afford car payments of $235 a month for 48 months. The bank will lend him money to buy. Expert Help. Study Resources. Log in … WebbAnswer: I = $ 1,937.50 Equation: I = Prt Calculation: First, converting R percent to r a decimal r = R/100 = 3.875%/100 = 0.03875 per year, then, solving our equation I = 10000 × 0.03875 × 5 = 1937.5 I = $ 1,937.50 The simple interest accumulated on a principal of $ 10,000.00 at a rate of 3.875% per year for 5 years is $ 1,937.50.
Webb27 jan. 2012 · Monthly Payments. The biggest advantage of 60-month car loans is that you have five years to pay them off. Because of this, your monthly payments will be much lower than if you have a three or four year loan. More time equals more time to pay. The benefit is that you can potentially buy a more expensive car since the payments won't … WebbSo, $20,000 at 5% for 36 months will cost $21,579.05 saving you $1,066.43. Using the calculator above (assuming $0 down payment, $0 trade-in and 1% sales tax) you will …
Webb7 nov. 2024 · Karl can afford car payments of $235 a month for 48 months. The... Karl can afford car payments of $235 a month for 48 months. The bank will lend him … Webb30 aug. 2024 · Karl can afford car payments of $235 a month for 48 months. The bank will lend him money to buy a car at 5.92 percent interest. How much can he afford to …
WebbKris will receive $800 a month for the next five years from an insurance settlement. The interest rate is 4 percent, compounded monthly, for the first two years and 5 percent, …
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