Mathematics

Mathematics, 26.07.2019 01:30, sbednarek

Ryan took out a 66-month loan to pay for a $28,500 car. if he paid $33,829.50 in total at the end of the loan, find the interest rate.

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Mathematics, 26.06.2019 21:00, johnisawesome999

One method to determine the monthly payment for a car loan is based on using future-value simple interest. to use this method, first find the sum of the principal of the loan and the total simple interest to be paid on the loan. then, divide the sum by the number of months in the loan period. keri is planning to get a $12,000 loan to buy a used car. let r be the annual interest rate and t be the length of the loan, in years. 1. which expression represents the total simple interest, in dollars, that keri will pay? 2. which formula can be used to find m, the monthly payment on keri’s car loan?

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Mathematics, 28.06.2019 15:00, raedusty3200

Pizza palace has a small business loan for 30 months at 6% interest. the expression for the total loan amount to be paid is p (1+r)^t, where: t is time in years, r is interest rate as a decimal, and p is the principal of the loan. find the principal of the loan, to the nearest dollar, when the total loan amount to be paid is $404,886 at 30 months. a manager says, “if the interest rate was cut in half, the difference between the total loan amount and the principal would also be cut in half.” the statement is not always true. provide a specific example to refute the manager’s statement.

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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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Mathematics, 23.07.2019 18:30, zahrast14

Ryan took out a 66-month loan to pay for a $28,500 car. if he paid $33,829.50 in total at the end of the loan, find the interest rate.

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Ryan took out a 66-month loan to pay for a $28,500 car. if he paid $33,829.50 in total at the end of...

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