Cash price of Mazda3 2.0 Skyactiv-G is 23 751.66 €. Down payment is 7125 € and the term of the finance is 36 months with a fixed interest rateof 4.95 %. The credit fee is 100 € and there is a service fee of 6 €/payment. The last payment is 13 300 €.Calculate the monthly equal payment.13 Product's price4 Down payment5 Last payment6 Number of payments7 Number of equal payments8 Annual interest rate9 Relative interest rate10 Credit fee11 Service fee (per payment)Kaile12maszos13 Financed amount1415 Equal payment without service fee16 Equal payment with service fee17KOEAJA SK

Down Payment = 7125€ Term Period =36 Months Service Fee = 6€/Payment Last Payment = 13300€

Cash price of Mazda3 2.0 Skyactiv-G is 23 751.66 €. Down payment is 7125 € and the term of the finance is 36 months with a fixed interest rate of 4.95 %. The credit fee is 100 € and there is a service fee of 6 €/payment. The last payment is 13 300 €. Calculate the monthly equal payment. Product's price Down payment Last payment S Number of payments Number of equal payments B Annual interest rate e Relative interest rate 0 Credit fee 11 Service fee (per payment) 12 13 Financed amount 14 15 Equal payment without service fee 16 Equal payment with service fee Ка maxna

Cash price of Mazda3 2.0 Skyactiv-G is 23 751.66 €. Down payment is 7125 € and the term of the finance is 36 months with a fixed interest rate of 4.95 %. The credit fee is 100 € and there is a service fee of 6 €/payment. The last payment is 13 300 €. Calculate the monthly equal payment. Product's price Down payment Last payment S Number of payments Number of equal payments B Annual interest rate e Relative interest rate 0 Credit fee 11 Service fee (per payment) 12 13 Financed amount 14 15 Equal payment without service fee 16 Equal payment with service fee Ка maxna

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter16: Working Capital Policy And Short-term Financing

Section: Chapter Questions

Problem 14P

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Similar questions

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Part 1 Jane Doe plans to make eleven end-of-month payments of$16,000each on a short term investment account. The account earns a monthly interest rate of 3%.a. What is the present worth (i.e.,P0)of these payments? b. Repeat Part (a) but assuming that they are beginning-of-month payments. a. The present equivalent of the payments is $ (Round to the nearest dollar.) b. The present equivalent of the payments is $. ( Round to the nearest dollar )
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