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Module 4 Homework Problem1 John wants to buy a new gas Barbeque. The cost is $659.98. He will have to pay for it with10% down
Module 4 Homework Problem1 John wants to buy a new gas Barbeque. The cost is $659.98. He will have to pay for it with10% down and 5 equal annual payments that include interest at 10%. Calculate the payments. Amortize the payments. Problem 2 You, on the other hand, want a new Jeep. The cost is $ 29,000. You pay 5% down and the rest in five equal annual payments which include interest at 8%. Calculate the payments, Amortize the payments Problem 3 Megan has just purchased a new goat. The cost was $ 1,000. She paid 10% down and will pay the rest in 4 equal annual installments which include interest at 6%. Calculate her payments and prepare an amortization schedule Problem 4 You want to buy a bus. The cost is $769,000. You pay $69,000 down and the rest in five equal annual payments which include interest at 8%. Calculate the payments. Amortize the payments
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