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15% down. Chuck's goal is to keep his payments below $4,300 per month and amortize the loan in 42 months. Cal get a secured ad
15% down. Chuck's goal is to keep his payments below $4,300 per month and amortize the loan in 42 months. Cal get a secured ad (a) Find Chuck's monthly payment (in $) with these conditions. (Round your answer to the nearest cent.) $ Can he pay off the loan and keep his payments under $4,300? Yes, under these conditions, Chuck will meet his goal. No, the monthly payment is too high. (b) What are Chuck's options to get his payments closer to his goal? (Select all that apply.) try to negotiate a lower interest rate make a higher down payment try to bargain for a lower sale price I try to negotiate a higher interest rate make a lower down payment I try to bargain for a higher sale price (c) Chuck spoke with his bank's loan officer, who has agreed to finance the deal with a 6.95% loan if Chuck can p- conditions? (Round your answer to the nearest cent.) $ With these conditions, will Chuck be able to pay off the loan and meet his goals? Yes, under these conditions, Chuck will meet his goal. O No, the monthly payment is too high. (d) Attempting to reduce his monthly payment further, Chuck continues to negotiate with the seller. If the seller ac and if Chuck pays the 20% down, what will Chuck's monthly payment be (in $)? (Round your answer to the ne $ O Type here to search 15% down. Chuck's goal is to keep his payments below $4,300 per month and amortize the loan in 42 months. Cal get a secured ad (a) Find Chuck's monthly payment (in $) with these conditions. (Round your answer to the nearest cent.) $ Can he pay off the loan and keep his payments under $4,300? Yes, under these conditions, Chuck will meet his goal. No, the monthly payment is too high. (b) What are Chuck's options to get his payments closer to his goal? (Select all that apply.) try to negotiate a lower interest rate make a higher down payment try to bargain for a lower sale price I try to negotiate a higher interest rate make a lower down payment I try to bargain for a higher sale price (c) Chuck spoke with his bank's loan officer, who has agreed to finance the deal with a 6.95% loan if Chuck can p- conditions? (Round your answer to the nearest cent.) $ With these conditions, will Chuck be able to pay off the loan and meet his goals? Yes, under these conditions, Chuck will meet his goal. O No, the monthly payment is too high. (d) Attempting to reduce his monthly payment further, Chuck continues to negotiate with the seller. If the seller ac and if Chuck pays the 20% down, what will Chuck's monthly payment be (in $)? (Round your answer to the ne $ O Type here to search
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