Business, 09.04.2020 18:57, simplekaryme0

Monthly loan payments Tim Smith is shopping for a used car. He has found one<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:o ffice" />

priced at $4,500. The dealer has told Tim that if he can come up with a down payment

of $500, the dealer will finance the balance of the price at a 12% annual rate

over 2 years (24 months).

a. Assuming that Tim accepts the dealer�s offer, what will his monthly (end-ofmonth)

payment amount be? $182.74

b. Use a financial calculator or Equation 4.15a (found in footnote 9) to help you

figure out what Tim�s monthly payment would be if the dealer were willing to

finance the balance of the car price at a 9% annual rate.

Answers: 1

Show answers

Other questions on the subject: Business

Business, 21.06.2019 20:30, Juniyahodge

He management's discussion and analysis (md& a) required in general purpose federal financial reporting is different than that required by gasb of state and local governments in that: a. it includes information about the agency's performance goals and results in addition to financial activities. b. it is outside the general purpose federal financial report and is optional, not required. c. it is a part of the basic financial statements and, as a result, it is audited along with the financial statements. d. there are no significant differences.

Answers: 2

continue

Business, 22.06.2019 04:40, glenn4572

Select the correct text in the passage. which sentences in the given passage explains the limitations of monetary policies? monetary policies - limitationsmonetary policies are set by the central bank to bring about growth in the economy. de can be achieved these policiesw at anden i sca poit would be fair to say that changes in the economy cannot be brought about instantly by monetary po des. monetary policy can only influence not control, economic growththe monetary policy makers do work on sining the perfect balance between demand and supply of money in the economy

Answers: 3

continue

Business, 22.06.2019 13:40, nina1390

Determine if the following statements are true or false. an increase in government spending can crowd out private investment. an improvement in the budget balance increases the demand for financial capital. an increase in private consumption may crowd out private investment. lower interest rates can lead to private investment being crowded out. a trade balance in sur+ increases the supply of financial capital. if private savings is equal to private investment, then there is neither a budget sur+ nor a budget deficit.

Answers: 1

continue

Business, 22.06.2019 20:20, lllmmmaaaooo

Trade will take place: a. if the maximum that a consumer is willing and able to pay is less than the minimum price the producer is willing and able to accept for a good. b. if the maximum that a consumer is willing and able to pay is greater than the minimum price the producer is willing and able to accept for a good. c. only if the maximum that a consumer is willing and able to pay is equal to the minimum price the producer is willing and able to accept for a good. d. none of the above.

Answers: 3

continue

Do you know the correct answer?

Monthly loan payments Tim Smith is shopping for a used car. He has found one<?xml:namespace prefi...