DETAILS PRACTICE ANOTHER MY NOTES HARMATHAP12 6.5.029.EP. [-16 Points) A recent college graduate buys a new car by borrowing $18,000 at 8:4%, compounded monthly, for 5 years. She decides to pay $37) instead of the monthly payment required by the loan. (a) What is the monthly payment required by the loan (Round your answer to the nearest cent) $ How much extra did she pay per month (Round your answer to the nearest cont.) $ (b) How many $379 payments will she make to pay off the loan? (Round your answer up to the next whole number) payments (c) How much does she pay in total over the life of the loan by paying $379 per month rather than the required paymene? $ I instead of paying 5379 per month she only paid the required payment every month, how much would she have said in total over the life of the inan (Rued your answer to the nearest cent.) $ How much will she save by paying $170 per month rather than the required payment? (Round your answer to the nearest cent.) Need Help? . (-/4 Points) DETAILS HARMATHAP126.5.029 MY NOTES PRACTICE ANOTHER A recent college graduate buy a new car by borrowing $10,000 at 8.45, compounded monthly for years. She decides to pay $503 instead of the monthly payment required by the loan (a) What is the monthly payment required by the loan (Round your answer to the nearest cent.) $ How much extra did she pay per month? (Round your answer to the nearest cont.) 5 (b) How many 8583 payments will she make to pay off the loan? (Round your answer up to the next whole number) payments (c) How much will she save by paying $583 per month rather than the required paymeve? (round your answer to the nearest cont.) Need Help? Show My Work 17. (-/3 Points DETAILS HARMATHAP12 6.5.018. MY NOTES PRACTICE ANOTHER The problem describes a debt to be amortized (Round your swers to the nearest cent) Sean Lee purchases $30,000 worth of supplies for his restaurant by making a $4,000 went and on the remaining cost with quarterly payments over the next years. The interest rate on the debt is 164 compounded quarterty. (a) Find the size of each payment $ (b) Find the total amount paid for the purchase 5 (c) Find the total interest paid over the life of the loan 5 Need Help? Show My Work DETAILS PRACTICE ANOTHER MY NOTES HARMATHAP12 6.5.029.EP. [-16 Points) A recent college graduate buys a new car by borrowing $18,000 at 8:4%, compounded monthly, for 5 years. She decides to pay $37) instead of the monthly payment required by the loan. (a) What is the monthly payment required by the loan (Round your answer to the nearest cent) $ How much extra did she pay per month (Round your answer to the nearest cont.) $ (b) How many $379 payments will she make to pay off the loan? (Round your answer up to the next whole number) payments (c) How much does she pay in total over the life of the loan by paying $379 per month rather than the required paymene? $ I instead of paying 5379 per month she only paid the required payment every month, how much would she have said in total over the life of the inan (Rued your answer to the nearest cent.) $ How much will she save by paying $170 per month rather than the required payment? (Round your answer to the nearest cent.) Need Help? . (-/4 Points) DETAILS HARMATHAP126.5.029 MY NOTES PRACTICE ANOTHER A recent college graduate buy a new car by borrowing $10,000 at 8.45, compounded monthly for years. She decides to pay $503 instead of the monthly payment required by the loan (a) What is the monthly payment required by the loan (Round your answer to the nearest cent.) $ How much extra did she pay per month? (Round your answer to the nearest cont.) 5 (b) How many 8583 payments will she make to pay off the loan? (Round your answer up to the next whole number) payments (c) How much will she save by paying $583 per month rather than the required paymeve? (round your answer to the nearest cont.) Need Help? Show My Work 17. (-/3 Points DETAILS HARMATHAP12 6.5.018. MY NOTES PRACTICE ANOTHER The problem describes a debt to be amortized (Round your swers to the nearest cent) Sean Lee purchases $30,000 worth of supplies for his restaurant by making a $4,000 went and on the remaining cost with quarterly payments over the next years. The interest rate on the debt is 164 compounded quarterty. (a) Find the size of each payment $ (b) Find the total amount paid for the purchase 5 (c) Find the total interest paid over the life of the loan 5 Need Help? Show My Work
