Mathematics

Mathematics, 01.08.2019 13:47, savannahvargas512

What is the first step when solving present or loan amortization using a formula? a. decide what the monthly payment will be c. determine the periods in the problem, which is the number of periods per year b. apply the present amortization formula to determine the balance d. determine the interest rate in the problem

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Mathematics, 30.06.2019 03:10, elizabethprasad2

You are considering purchasing a new car and you want to do some financial research first. a) determine the best interest rate for a new car purchase for a 48-month loan at a bank near you. if you finance a $25,999 with such a loan, determine the monthly payment and the total interest paid over the course of the loan. b) determine the best interest rate for a new car purchase for a 48-month loan at a credit union near year. determine the monthly payment and the total interest paid if the same auto loan is financed through the credit union. c) is it true that the credit union would save you money? the formula is called "amortization payments" and can be found on page 257 of the text. a loan of p dollars at interest rate i per period may be amortized in n equal periodic payments of r dollars made at the end of each period, where pi r = 1 (1 -n) note that i = r/12 which is the monthly interest rate. interest rate through bank near me is 4% and credit union is 1.9%

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Chemistry, 02.10.2019 23:00, rachis

Rick has taken a loan of $3,200 from the bank to buy new appliances. his first loan payment is due at the end of this month. he has 24 months to pay off his loan, starting this month. the loan will be compounded monthly at a fixed annual rate of 4.8%. use the formula for the sum of a finite geometric sequence to determine rick's approximate monthly payment. rick's approximate monthly payment will be $293.48. rick's approximate monthly payment will be $81.27. rick's approximate monthly payment will be $128. rick's approximate monthly payment will be $140.87.

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Social Studies, 12.10.2019 04:20, hickslily9

Which of the following statements is true of amortization? a. amortization schedule represents only the interest portion of the loan. b. with an amortized loan, a larger proportion of each month's payment goes toward interest in the early periods. c. the computation of loan amortization is wholly based on the computation of simple interest. d. with an amortized loan, a periodic payment of principal portion gradually decreases over a period.

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Mathematics, 14.10.2019 12:50, yennie123

What is the first step when solving present or loan amortization using a formula?

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