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keep his payments below $ 4 , 1 0 0 per month and amortize the loan in 4 2 months. ( a ) Find Chuck's
keep his payments below $ per month and amortize the loan in months.
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 $
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.
make a higher down payment
try to bargain for a lower sale price
try to negotiate a lower interest rate
make a lower down payment
try to bargain for a higher sale price
try to negotiate a higher interest rate
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.
No the monthly payment is too high.
down, what will Chuck's monthly payment be in $Round your answer to the nearest cent.
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