Question
hi there kindly need your answer for the below two questions with details 1- Alexis has several debts. She owes approximately $8500 on a car
hi there
kindly need your answer for the below two questions with details
1- Alexis has several debts. She owes approximately $8500 on a car loan, approximately $3000 on a credit card, and $12 500 to her parents. Determine the total amount paid on a five-year consolidation loan that will cover the cost of these debts at 8.9% per year, compounded monthly
2- Aiden purchased a new car three years ago today. He borrowed $21 000 for five years at 8.0% per year, compounded monthly. Aiden wishes to pay the rest of the loan in full now. Determine the present value of the remainder of his loan
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