Yesenia purchased a car for $16,789.23. She obtained a term loan at an interest rate of 3.74%. Her monthly payment is $260.69. Enter in the correct amounts in the following amortization schedule for the 1st month. Round your answers to the nearest penny. Input the dollar sign followed by the number. Do not put a space between the dollar sign and the number. Do not use a comma. Example: $2634.57 Balance After Balance Owed Interest Charge Payment Payment

Yesenia purchased a car for $16,789.23. She obtained a term loan at an interest rate of 3.74%. Her monthly payment is $260.69. Enter in the correct amounts in the following amortization schedule for the 1st month. Round your answers to the nearest penny. Input the dollar sign followed by the number. Do not put a space between the dollar sign and the number. Do not use a comma. Example: $2634.57 Balance After Balance Owed Interest Charge Payment Payment

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Yusra has a term loan and after her 42nd payment she still owes $6,728.25. The annual interest rate on this loan is 4.86%. This month she is making payment 43. Her monthly payment is $323.41. How much will her "balance owed" decrease? Round your answer to the nearest penny. Input the dollar sign followed by the number. Do not put a space between the dollar sign and the number. Example: $167.89
Yesenia purchased a car for $21,394. She obtained a 6 year term loan at an interest rate of 6%. She is making a monthly payment of $380. Using the following balance function to calculate the balance owed after the month 47 payment. Round your answer to the nearest penny. Only input the number. Do not input the dollar sign. Do not use a comma. Example: 4536.21 \12 r 1 |1+ 12 12 T B(t) = Bo |1 + 12 M 12
To help open up a jewelry store, Kaitlin borrowed money from her credit union.She took out a personal, amortized loan for $44,500 , at an interest rate of 6.9% , with monthly payments for a term of 6 years.For each part, do not round any intermediate computations and round your final answers to the nearest cent.If necessary, refer to the list of financial formulas . (a) Find Kaitlin's monthly payment. $ (b) If Kaitlin pays the monthly payment each month for the full term, find her total amount to repay the loan. $ (c) If Kaitlin pays the monthly payment each month for the full term, find the total amount of interest she will pay.
Yusra has a term loan that she still owes $15,483.58. The annual interest rate on this loan is 3.97%. This month she is making payment 33. Her monthly payment is $434.59. How much will her balance be after she makes this month's payment? Round your answer to the nearest penny. Do no input the dollar sign. Only input the number. Do not use a comma. Example: 5698.36
Charmaine obtains a loan for home renovations from a bank that charges simple interest at an annual rate of 9.65%. Her loan is for $17,100 for 76 days. Assume each day is of a year. Answer each part below. Do not round any intermediate computations, and round your final answers to the nearest cent. If necessary, refer to the list of financial formulas. (a) Find the interest that will be owed after 76 days. (b) 1 365 s Assuming Charmaine doesn't make any payments, find the amount owed after 76 days. $ 3
Keiko obtains a loan for home renovations from a bank that charges simple interest at an annual rate of 9.65%. Her loan is for $16,500 for 76 days. Assume each day is of a year. Answer each part below. 365 Do not round any intermediate computations, and round your final answers to the nearest cent. If necessary, refer to the list of financial formulas. (a) Find the interest that will be owed after 76 days. (b) Assuming Keiko doesn't make any payments, find the amount owed after 76 days.
Jina obtains a loan for home renovations from a bank that charges simple interest at an annual rate of 7.45%. Her loan is for $12,700 for 62 days. Assume eachday is365of a year. Answer each part below.Do not round any intermediate computations, and round your final answers to the nearest cent. If necessary, refer to the list of financial formulas.(a) Find the interest that will be owed after 62 days. (b) Assuming Jina doesn't make any payments, find the amount owed after 62 days.
Mrs. Shimizu borrowed money from a bank. She received from the bank P1,342 and promised torepay P1,500 at the end of 10 months. Determine (a) simple interest rate (b) discount offered asBanker’s discount. Show your complete solution.
Keisha borrowed money from an online lending company to buy a camper. She took out a personal, amortized loan for $12,500, at an interest rate of 4.75%, with monthly payments for a term of 6 years. For each part, do not round any intermediate computations and round your final answers to the nearest cent. If necessary, refer to the list of financial formulas. (a) Find Keisha's monthly payment. (b) If Keisha pays the monthly payment each month for the full term, find her total amount to repay the loan. (c) If Keisha pays the monthly payment each month for the full term, find the total amount of interest she will pay.
To help open up a wine bar, Yoko borrowed money from her credit union. She took out a personal, amortized loan for $40,500, at an interest rate of 6.2%, with monthly payments for a term of 6 years. For each part, do not round any intermediate computations and round your final answers to the nearest cent. If necessary, refer to the list of financial formulas. (a) Find Yoko's monthly payment. (b) If Yoko pays the monthly payment each month for the full term, find her total amount to repay the loan. (c) If Yoko pays the monthly payment each month for the full term, find the total amount of interest she will pay. %24 %24
Linda borrowed money from a bank to buy a fishing boat. She took out a personal, amortized loan for $13,500, at an interest rate of 4.35%, with monthly payments for a term of 4 years. For each part, do not round any intermediate computations and round your final answers to the nearest cent. If necessary, refer to the list of financial formulas. (a) Find Linda's monthly payment. S (b) If Linda pays the monthly payment each month for the full term, find her total amount to repay the loan. s (c) If Linda pays the monthly payment each month for the full term, find the total amount of interest she will pay. $0 X ?
A computer chip designer purchased a car for $54,67647, which induded sales tax and registration. f the designer obtains a S-year loan for the total amount at an annual Interest rate of 4.5% compounded monthly, find the monthly car payment. (Round your answer to the nearest cent.) Need Help? wwwn

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