b) Sale price of the car = S 23800 DO NOT TYPE COMMAS OR ANSWERS WILL BE MARKED INCORRECT c) If the dealership you are buying the car from is offering 6.3% interest on a 5 year loan, what will your monthly payment be? Remember to use the sale price from Part b above. Monthly payment = S DO NOT TYPE COMMAS OR ANSWERS WILL BE MARKED INCORRECT. Round your answer to 2 decimal places as needed. d) How much would you actually pay for the car over 5 years? Total amount paid for car = $ DO NOT TYPE COMMAS OR ANSWERS WILL BE MARKED INCORRECT. Round your answer to 2 decimal places as needed. e) How much interest would you pay over 5 years? Amount of interest =S DO NOT TYPE COMMAS OR ANSWERS WILL BE MARKED INCORRECT. Round your answer to 2 decimal places as needed. f) What would the monthly payment be if you pay the car off over 6 years with the same interest rate? Monthly payment = S DO NOT TYPE COMMAS OR ANSWERS WILL BE MARKED INCORRECT. Round your answer to 2 decimal places as needed. g) How much would you actually pay for the car over 6 years? Total amount paid for car =S DO NOT TYPE COMMAS OR ANSWERS WILL BE MARKED INCORRECT. Round your answer to 2 decimal places as needed. h) How much interest would you pay over 6 years? Amount of interest =S DO NOT TYPE COMMAS OR ANSWERS WILL BE MARKED INCORRECT. Round your answer to 2 decimal places as needed.
b) Sale price of the car = S 23800 DO NOT TYPE COMMAS OR ANSWERS WILL BE MARKED INCORRECT c) If the dealership you are buying the car from is offering 6.3% interest on a 5 year loan, what will your monthly payment be? Remember to use the sale price from Part b above. Monthly payment = S DO NOT TYPE COMMAS OR ANSWERS WILL BE MARKED INCORRECT. Round your answer to 2 decimal places as needed. d) How much would you actually pay for the car over 5 years? Total amount paid for car = $ DO NOT TYPE COMMAS OR ANSWERS WILL BE MARKED INCORRECT. Round your answer to 2 decimal places as needed. e) How much interest would you pay over 5 years? Amount of interest =S DO NOT TYPE COMMAS OR ANSWERS WILL BE MARKED INCORRECT. Round your answer to 2 decimal places as needed. f) What would the monthly payment be if you pay the car off over 6 years with the same interest rate? Monthly payment = S DO NOT TYPE COMMAS OR ANSWERS WILL BE MARKED INCORRECT. Round your answer to 2 decimal places as needed. g) How much would you actually pay for the car over 6 years? Total amount paid for car =S DO NOT TYPE COMMAS OR ANSWERS WILL BE MARKED INCORRECT. Round your answer to 2 decimal places as needed. h) How much interest would you pay over 6 years? Amount of interest =S DO NOT TYPE COMMAS OR ANSWERS WILL BE MARKED INCORRECT. Round your answer to 2 decimal places as needed.
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
Related questions
Question
Transcribed Image Text:b) Sale price of the car = S 23800
DO NOT TYPE COMMAS OR ANSWERS WILL BE MARKED INCORRECT
c) If the dealership you are buying the car from is offering 6.3% interest on a 5 year loan, what will your monthly payment be? Remember to use the sale price from Part b above.
Monthly payment = S
DO NOT TYPE COMMAS OR ANSWERS WILL BE MARKED INCORRECT. Round your answer to 2 decimal places as needed.
d) How much would you actually pay for the car over 5 years?
Total amount paid for car = $
DO NOT TYPE COMMAS OR ANSWERS WILL BE MARKED INCORRECT. Round your answer to 2 decimal places as needed.
e) How much interest would you pay over 5 years?
Amount of interest =S
DO NOT TYPE COMMAS OR ANSWERS WILL BE MARKED INCORRECT. Round your answer to 2 decimal places as needed.
f) What would the monthly payment be if you pay the car off over 6 years with the same interest rate?
Monthly payment = S
DO NOT TYPE COMMAS OR ANSWERS WILL BE MARKED INCORRECT. Round your answer to 2 decimal places as needed.
g) How much would you actually pay for the car over 6 years?
Total amount paid for car =S
DO NOT TYPE COMMAS OR ANSWERS WILL BE MARKED INCORRECT. Round your answer to 2 decimal places as needed.
h) How much interest would you pay over 6 years?
Amount of interest =S
DO NOT TYPE COMMAS OR ANSWERS WILL BE MARKED INCORRECT. Round your answer to 2 decimal places as needed.
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