Question
1 (3 pt) The counselor mentioned in question #2 decides that she can actually afford payments of $225. How many fewer months would take
1 (3 pt) The counselor mentioned in question #2 decides that she can actually afford payments of $225. How many fewer months would take to pay off the loan if she made payments of $2257 Annual interest Fate is still 20.3% and the loan amount is $5317.45) FV= P/Y= N= 1%-> PV= PMT= PMT: END BEGIN C/Y= it will take the monthly payments are $225, This is (round UP to the nearest whole number) months to pay off the loan if fewer months than if the only mode payments of $175 4. Jeremiah wants to buy a brand-new gaming system. The grand total for his purchase is 51160. He decides to make a 20% down payment on the purchase and put the rest on his store credit card. The interest rate on the store credit card is 17.9% and he plans to pay it off in 2 years by making monthly payments. What will his monthly payments be? a) (2 pts) Jeremiah's down payment would be 5, Round to the nearest cent b) (2 pts) Jeremiah will charge 5) to his credit card. c) (3 pts) Jeremiah's monthly credit card payment will be 5 N= FV= 1%= P/Y= PV= C/Y= PMT= PMT: END BEGIN
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