Amount financed 18200 number of payments 72 monthly payment 425.08 finance charge 12405.76 whats the apr%
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Amount financed 18200 number of payments 72 monthly payment 425.08 finance charge 12405.76 whats the apr%
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- Amount financed 18200 number of payments 72 monthly payment 425.08 finace charge 12405.76 whats the apr%Amount financed $8300 number of payments 36 apr 11% whats the finance charge and monthly payment amountFind the APR (true annual interest rate), to the nearest half percent, for the following loan. Number of Monthly Payments Amount Financed $5600 Finance Charge $599 30 Click the icon to view the annual percentage rate table. The annual percentage rate is %.
- The loan below was paid in full before its due date. (a) Obtain the value of h from the annual percentage rate table. Then (b) use the actuarial method to find the amount of unearned interest, and (c) find the payoff amount. Regular Monthly Payment $401.24 APR 4.5% Remaining Number of Scheduled Payments after Payoff 12 Click the icon to view the annual percentage rate table. (a) h = $ (b) The unearned interest is $ (Round to the nearest cent as needed.) (c) The payoff amount is $. (Round to the nearest cent as needed.)Present value of an ordinary annuity. Fill in the missing present values in the following table for an ordinary annuity:Calculate (a) the amount financed, (b) the total finance charge, and (c) APR by table lookup. (Use Table 14.1 and Table 14.1(b).) (Do not round intermediate calculations. Round the "Finance charge" to the nearest cent.) Number of monthly Total of monthly Purchase price of a used car Amount Total finance Down payment APR payments financed payments charge 5,453 $ 1,113 48 24 5,509.76 acer %24 %24
- Number of payments 6 12 18 24 30 36 48 60 4.0% 4.5% Annual Percentage Rate Table for Monthly Payment Plans Annual Percentage Rate 5.0% 5.5% 6.0% 6.5% 7.0% 7.5% 8.0% 8.5% 9.0% 9.5% 10.0% (Finance charge per $100 of amount financed) 1.17 1.32 1.46 2.18 2.45 2.73 4.94 5.22 3.20 3.60 7.28 7.69 4.22 4.75 5.29 9.64 10.19 10.75 1.61 1.76 1.90 2.05 2.20 2.35 2.49 2.64 2.79 3.00 3.28 3.56 3.83 4.11 4.39 4.66 4.82 5.22 5.63 6.04 6.45 6.86 5.83 6.37 6.91 7.45 8.00 8.54 9.09 7.26 7.94 8.61 9.30 9.98 10.66 11.35 8.71 9.52 10.34 11.16 11.98 12.81 13.64 12.73 13.83 14.94 16.06 17.18 18.31 19.45 20.59 16.00 17.40 18.81 20.23 21.66 23.10 24.55 26.01 27.48 5.25 5.92 6.59 12.04 12.74 13.43 6.29 7.09 7.90 14.48 15.32 16.16 8.38 9.46 10.54 11.63 21.74 10.50 11.86 13.23 14.61 4.00 4.41 2.93 5.50 8.10AmountFinanced Number ofPayments MonthlyPayment FinanceCharge APR $18,300 72 $426.08 $ %ezto.mi Calculate the monthly payment by table lookup and formula. (Answers will not be exact due to rounding of percents in table lookup.). (Use 13% for table lookup.). (Use the loan amortization table) (Round your answers to the nearest cent.) Number of Total of monthly payments $5,849.76 Total finance monthly payments Amount Purchase price of a used car $5,793 Down charge $1,339.76 financed APR payment $1, 283 48 $4,510 13% Monthly Payment es By table By formula
- Crab Company is considering a project with an initial investment of $600,000 that is expected to produce cash inflows of $129,500 for ten years. Crab's required rate of return is 16%. (Click on the icon to view Present Value of $1 table.) E (Click on the icon to view Present Value of Ordinary Annuity of $1 table.) 14. What is the NPV of the project? 15. What is the IRR of the project? 16. Is this an acceptable project for Crab? 14. What is the NPV of the project? (Enter the factor amount to three decimal places, X.XXX. Round the present value of the annuity to the nearest whole dollar. Use parentheses or a minus sign for a negative net present value.) Net Cash Annuity PV Factor Present (i-16%, n=10) Value Years Inflow 1- 10 Present value of annuity Investment Net present valueYou work for a nuclear research laboratory that is contemplating leasing a diagnostic scanner (leasing is a very common practice with expensive, high-tech equipment). The scanner costs $4,800,000, and it would be depreciated straight-line to zero over four years. Because of radiation contamination, it actually will be completely valueless in four years. You can lease it for $1,430,000 per year for four years. Assume that the tax rate is 21 percent. Suppose the entire $4,800,000 purchase price of the scanner is borrowed. The rate on the loan is 8 percent, and the loan will be repaid in equal annual installments. Calculate the amount of annual loan repayment. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Payment Complete the schedules given below and calculate the NAL. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Amortization Year…Meghan Pease purchased a small sailboat for $8,350. She made a down payment of $1,300 and financed the balance with monthly payments of $232.38 for 36 months. (a) What is the finance charge (in $) on the loan? (b) Use Table 13-1 to find what annual percentage rate was charged on Meghan's loan. (Round your answer to two decimal places.) %