Calculate the amount financed, the finance charge, and the monthly payments (in $) for the add-on interest loan. (Round your answers to the nearest cent.)Purchase(Cash)Price$6,000DownPayment15%Need Help? Read ItLAAmountFinancedAdd-on Number ofInterest Payments13-1%230LAFinanceChargeLAMonthlyPayment

Cash Price = $6000 Down payment = 15% Interest rate = 13.5 / 12 = 1.125% Number of payment = 30

Answered: Calculate the amount financed, the…

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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Calculate the table factor, the finance charge, and the monthly payment (in $) for the loan by using the APR table, Table 13-1. (Round your answers to the nearest cent.) AmountFinanced Number ofPayments APR TableFactor FinanceCharge MonthlyPayment $7,900 36 10% $ $ $ https://www.webassign.net/brecmbc9/13-table-1.pdf
Calculate the amount financed, the finance charge, and the monthly payments (in $) for the add-on interest loan. (Round your answers to the nearest cent.) Purchase Add-on Monthly Payment Down Amount Number of Finance (Cash) Price Payment Financed Interest Payments Charge $50,100 25% $ 37,575 13.2% 60 $ 24799.5 $ 1040
Calculate the amount financed, the finance charge, and the monthly payments (in $) for the add-on interest loan. (Round your answers to the nearest cent.) Purchase Add-on Number of Finance Monthly Payment Down Amount (Cash) Price Payment Financed Interest Payments Charge 145% $2,000 15% 24 1,700 30 $ 616.30 $ 77.21
Calculate the amount financed, the finance charge, and the monthly payments (in $) for the add-on interest loan. (Round your answers to the nearest cent.) Purchase Add-on Finance Monthly Payment Down Amount Number of (Cash) Payment Financed Interest Payments Charge Price 14-% $2,000 15% $ 30 $ $ 2
Calculate the amount financed, the finance charge, and the monthly payments (in $) for the add-on interest loan. (Round your answers to the nearest cent.) Purchase Monthly Payment Down Amount Add-on Number of Finance (Cash) Payment Financed Interest Payments Charge Price 12-% $2,000 15% 2$ 1700 30 $ $ 2
Calculate the table factor, the finance charge, and the monthly payment (in $) for the loan by using the APR table. (Round your answers to the nearest cent.) AmountFinanced Number ofPayments APR TableFactor FinanceCharge MonthlyPayment $700 18 16% $ $ $
Calculate the table factor, the finance charge, and the monthly payment (in $) for the loan by using the APR table, Table 13-1. (Round your answers t Amount Number of Financed Payments APR Table Factor Finance Charge Monthly Payment $500 18 17% $ X Need Help? Reed 11 $ $
Calculate the amount financed, the finance charge, and the monthly payments (in $) for the add-on interest loan. (Round your answers to th Monthly Payment Purchase (Cash) Price $711 Down Payment Need Help? 10% Read It Amount Financed $ 639 90 Add-on Interest 7% Number of Payments 12 S Finance Charge Enter a number.
Calculate the table factor, the finance charge, and the monthly payment (in $) for the loan by using the APR table, Table 13-1. (Round your answers to the nearest cent.) Monthly Payment Amount Number of Table Finance APR Financed Payments Factor Charge $800 18 16% $ 15.91 $ 50.29 $ 105.22
Note: Round all answers to the nearest cent when necessary. Calculate the amount financed, the finance charge, and the total deferred payment price (in $) for the following installment loan. Purchase(Cash)Price DownPayment AmountFinanced MonthlyPayment Number ofPayments FinanceCharge TotalDeferredPaymentPrice $2,600 0 $2600 $189.69 18 $814.42 $ ??
Find the following. (Round your answers to the nearest cent.) FinanceCharge Number ofPayments Frequency Amount Number ofPayments Left $9.10 12 Monthly $15 5 (b) the amount needed to pay off the loan
Calculate the table factor, the finance charge, and the monthly payment (in $) for the loan by using the APR table, Table 13-1. (Round your answers to the nearest cent.) Monthly Payment Amount Number of Table Finance APR Financed Payments Factor Charge $9,300 36 13% $ Need Help? Read It Viewing Saved Work Revert to Last Response Submit Answer

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Calculate the amount financed, the finance charge, and the monthly payments (in $) for the add-on interest loan. (Round your answers to the nearest cent.) Purchase Down (Cash) Price $6,000 Amount Payment Financed 15% $ Add-on Interest Number of Payments 30 Finance Charge Monthly Payment