Question
1.You want to financed a car that advertised at $31683 but you don't have money. However after checking your credit the dealer offered you that
1.You want to financed a car that advertised at $31683 but you don't have money. However after checking your credit the dealer offered you that if you pay $583 per month for 5 years, they will give you the car. What is the total amount you will have to pay to the dealer if you finance the car
2.A car is advertised with a price of $15033.The payment plan to own a car is $ 463 per month for 5 years.What is the amount of interest paid? Round to the nearest cent.
3,f $2793is invested at 5.58%for 2years,find the future value if the interest is compounded semi-annually. Round to the nearest cent.
4.Calculate the amount of simple interest earned$1222 at 4.59% for 4 years.
Round to the nearest hundredth place.
11.Find the present value (P), using the present value formula to achieve $3254 in five years at 19.5% simple interest.
round to the nearest hundredths.
12.find the present value, using the present value formula to achieve $851 in 5 years at 10.5% interest compounded monthly.
Round to the nearest hundredths.
13. find the present value, using the present value formula to achieve $797015 at 18.3% compounded continuously for 22 years.
round to the nearest hundredths.
14.Calculate the time necessary to achieve $4,000 at 9% simple interest deposited $950 in an account.
17.$1000 invested for 3 years at 3% compound interest amounts to (Round your to the nearest cent)
To assist with the purchase of a car Mr Ford takes out a loan for $7600 over 3 years. If the interest rate is 9% p.a what is the amount of each monthly repayment
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