Mathematics

Mathematics, 15.07.2019 05:40, psychiclion

If anyone is good with simple interest ! micah buys a new car for $11,000. she makes a down payment of $3,000 and the dealer gives her an add-on loan, charging her an annual interest rate of 9.7%. if she takes out a 4-year loan, what will micah's monthly payments be?

answer

Answers: 1

Show answers

Similar questions

Предмет

Mathematics, 13.07.2019 08:00, AJRL2005

Lots of claudia buys a new car for $11,000. she makes a down payment of $2,000 and the dealer gives her an add-on loan, charging her an annual interest rate of 9.6%. if she takes out a 3 year loan, what will claudia's monthly payments be?

Answers: 1

Предмет

Business, 07.10.2019 23:00, miyah916

When interest rates are low, some automobile dealers offer loans at 0% apr, as indicated in a 2016 advertisement by a prominent car dealership, offering zero percent financing or cash back deals on some models. zero percent financing means the obvious thing—that no interest is being charged on the loan. so if we borrow $1,200 at 0% interest and pay it off over 12 months, our monthly payment will be $1,200/12 = $100. suppose you are buying a new truck at a price of $25,000. you plan to finance your purchase with a loan you will repay over two years. the dealer offers two options: either dealer financing with 0% interest, or a $2,500 rebate on the purchase price. if you take the rebate, you will have to go to the local bank for a loan (of $22,500) at an apr of 6.5%. what would your monthly payment be if you used dealer financing?

Answers: 2

Предмет

Business, 16.10.2019 02:00, Kingmoney959

If you finance a car with a dealer, most likely you’ll pay interest calculated with the "add on interest" or "tack on interest" method (which not surprisingly works in the favor of the dealer). during the life of the loan, interest is paid on the full amount borrowed, even though some principal is paid back each month. a student buys a car as follows: down payment - $ 2,000 amount financed - $ 12,000 total cost of car - $14,000 finance charge - add on interest @ 10% per annum over 4 years (48 months) what is the monthly payment and apr of this loan using your hp 10bii?

Answers: 1

Предмет

Business, 28.10.2019 20:31, jerenasmith8

When interest rates are low, some automobile dealers offer loans at 0% apr, as indicated in a 2016 advertisement by a prominent car dealership, offering zero percent financing or cash back deals on some models. zero percent financing means the obvious thing—that no interest is being charged on the loan. so if we borrow $1,200 at 0% interest and pay it off over 12 months, our monthly payment will be $1,200/12 = $100. suppose you are buying a new truck at a price of $25,000. you plan to finance your purchase with a loan you will repay over two years. the dealer offers two options: either dealer financing with 0% interest, or a $2,500 rebate on the purchase price. if you take the rebate, you will have to go to the local bank for a loan (of $22,500) at an apr of 6.5%. what would your monthly payment be if you used dealer financing?

Answers: 1

Do you know the correct answer?

If anyone is good with simple interest ! micah buys a new car for $11,000. she makes a down paymen...

Questions in other subjects:

Konu

Business, 13.11.2020 17:40

Server mismatched fek...

Konu

Mathematics, 13.11.2020 17:40

EASY QUESTION! WILL GIVE BRAINLIEST! You want to use square tiles to cover the top of a stepping stone you're making. The top is 24 inches by 20 inches. What is the side mea...

Konu

English, 13.11.2020 17:40

Both teams played hard; however, only one team could win. complete subject or complete predicate ?...

Konu

Mathematics, 13.11.2020 17:40

The graph shows the cube root parent function. ...

Konu

Physics, 13.11.2020 17:40

Hey you GET FREE POINTS BY answering WHAT EVER YOU WANT ON THIS "QUESTION" NDUASGIWDBUIWWFWDABQIY...

Konu

Mathematics, 13.11.2020 17:40

Simplify the expression. 5(3f – 8g) + 2g...

Konu

Chemistry, 13.11.2020 17:40

As temperature rises from 25 C to 60 C the material ___ heat and its kinetic energy ___ as the material goes through vaporation to become a gas 1. absorbs, increases 2. rele...

Konu

Mathematics, 13.11.2020 17:40

1. The length of the base of an isosceles triangle is y. The length of a leg is 3y+2. The perimeter of the triangle is 46. Find y....

Konu

Mathematics, 13.11.2020 17:40

What would the slope for this graph be? ...

Konu

German, 13.11.2020 17:40

True or False: 1. If you need an aspirin in Germany, you need to look far an Apotheke with the red sign outside and not a Drogerie. A. True B. False 2....

Other tasks in the category: Mathematics More task