Question 16 A car dealer offers 15% down payment for the purchase of a car. How much is the mortgaged amount if the cash value of the car is PhP 1,500,000? Note: Input the amount only, with comma and rounded to the nearest whole number. Do not input the peso sign. (Example: 1,000,000) Add your answer
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- b) Sale price of the car = S 23800 DO NOT TYPE COMMAS OR ANSWERS WILL BE MARKED INCORRECT c) If the dealership you are buying the car from is offering 6.3% interest on a 5 year loan, what will your monthly payment be? Remember to use the sale price from Part b above. Monthly payment = S DO NOT TYPE COMMAS OR ANSWERS WILL BE MARKED INCORRECT. Round your answer to 2 decimal places as needed. d) How much would you actually pay for the car over 5 years? Total amount paid for car = $ DO NOT TYPE COMMAS OR ANSWERS WILL BE MARKED INCORRECT. Round your answer to 2 decimal places as needed. e) How much interest would you pay over 5 years? Amount of interest =S DO NOT TYPE COMMAS OR ANSWERS WILL BE MARKED INCORRECT. Round your answer to 2 decimal places as needed. f) What would the monthly payment be if you pay the car off over 6 years with the same interest rate? Monthly payment = S DO NOT TYPE COMMAS OR ANSWERS WILL BE MARKED INCORRECT. Round your answer to 2 decimal places as needed. g) How…You can afford a $200 per month car payment. You've found a 5 year loan at 7% interest. How big of a loan can you afford? S Submit Question Q Search hp OSuppose that you decide to borrow $15,000 for a new car. You can select one of the following loans, each requiring regular monthly payments. Installment Loan A: three-year loan at 6.3% Installment Loan B: five-year loan at 4.8% PA [¹-(1+] Use PMT= -nt7 to complete parts (a) through (c) below. a. Find the monthly payments and the total interest for Loan A. The monthly payment for Loan A is $. (Do not round until the final answer. Then round to the nearest cent as needed.)
- Suppose that you decide to borrow $13,000 for a new car. You can select one of the following loans, each requiring regular monthly payments. Installment Loan A: three-year loan at 6.3% Installment Loan B: five-year loan at 4.8% P. Use PMT = to complete parts (a) through (c) below. - nt 1- a. Find the monthly payments and the total interest for Loan A. The monthly payment for Loan A is $. (Do not round until the final answer. Then round to the nearest cent as needed.) The total interest for Loan A is $. (Round to the nearest cent as needed.) b. Find the monthly payments and the total interest for Loan B. The monthly payment for Loan B is $. (Do not round until the final answer. Then round to the nearest cent as needed.) The total interest for Loan B is $. (Round to the nearest cent as needed.) MacBook AirSuppose that you decide to borrow $15,000 for a new car. You can select one of the following loans, each requiring regular monthly payments. Installment Loan A: three-year loan at 5.9% Installment Loan B: five-year loan at 4.8% P Use PMT = to complete parts (a) through (c) below. - nt 1- 1+ a. Find the monthly payments and the total interest for Loan A. The monthly payment for Loan A is $. (Do not round until the final answer. Then round to the nearest cent as needed.)You lend a friend $10,000, for which your friend will repay you $27,027 at the end of 5 years. What interest rate are you charging your "friend"? Question content area bottom Part 1 The interest rate you are charging your friend on the loan is enter your response here%.
- PA Use PMT= to determine the regular payment amount, rounded to the nearest dollar. The price of a home is $217,000. The bank requires a 20% down payment and three points at the time of closing. The cost of the home is financed with a 30-year fixed-rate mortgage at 7%. Complete parts (a) through (e) below. a. Find the required down payment. $ b. Find the amount of the mortgage. c. How much must be paid for the three points at closing? S (Round to the nearest dollar as needed.) d. Find the monthly payment (excluding escrowed taxes and insurance). S (Round to the nearest dollar as needed.) e. Find the total cost of interest over 30 years. (Round to the nearest dollar as needed.)A car dealership offers car loan for purchasing a type of truck. The interest on the loan is i12) = 1.5%. The loan is paid back by monthly level payment of 1243.40 each for 3 years with the first payment one month after the loan is made. 1. Find the loan L. 2. Find the amount of interest in the 20th payment, and fill out the following table Payments PR OB 19 20 21 Enter the loan amount Lin the following blank. Keep two decimal places.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 Monthly Payment $50,900 25% $ Incorrect: Your answer is incorrect. 10.8% 60 $ Incorrect: Your answer is incorrect. $ Incorrect: Your answer is incorrect.
- #1 You want to buy a $280000 home. You plan to pay $56000 as a down payment, and take out a 15 year loan at 3.5% interest for the rest.a) What is the amount of the payment? $1601.34 b) If the bank charges 3 points on the loan, what is the amount charged for points? $6720 PLEASE ONLY ANSWER C, ALL OTHER QUESTIONS ARE ANSWERED. c) If the bank charges 3 points on the loan, what is the true interest rate?A car dealer offers to buy your car for $9,500 so that you can purchase a new one. If your monthly payment is $464.23 with an annual interest rate of 4.8% and you have 20 more payments remaining, is the present value of your car loan more or less than the amount the dealer is offering? How much more or less (in dollars) is the present value of your car loan compared to the amount the dealer is offering? (Enter a number. Round your answer to the nearest cent.)Use the PMT function or your buy/rent calculator. You bought a house for $650,000 and had an LTV of 75% on a 15-year amortized loan at 7.25%. What is your payment? (Dollars and cents only, no $. Canvas will add a comma. Need typed answer only.No playgarism