Question
Derek borrows $30,031.00 to buy a car. He will make monthly payments for 6 years. The car loan has an interest rate of 5.94%. After
Derek borrows $30,031.00 to buy a car. He will make monthly payments for 6 years. The car loan has an interest rate of 5.94%. After a 14.00 months Derek decides to pay off his car loan. How much must he give the bank? Currency: Round to: 2 decimal places.
Derek borrows $44,051.00 to buy a car. He will make monthly payments for 6 years. The car loan has an interest rate of 5.65%. What will the payments be? Currency: Round to: 2 decimal places.
Derek borrows $293,789.00 to buy a house. He has a 30-year mortgage with a rate of 5.70%. After making 94.00 payments, how much does he owe on the mortgage? Round to: 2 decimal places.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started