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Please answer all 4 questions . Suppose you are borrowing $33,000 at an interest rate of 3.8%. You will not make any payments for the
Please answer all 4 questions .
Suppose you are borrowing $33,000 at an interest rate of 3.8%. You will not make any payments for the first two years. Then, starting at the end of year 3 , you will make 4 annual payments to repay the loan. How much will your annual payments be? Round to the nearest dollar. Type your numeric answer and submit. Suppose you are buying a car for $22,000. You will make a 24% down payment and take out a loan for the rest. You are offered a 1.2% fixed rate loan for 10 years. How much will your monthly payments be? Round to the nearest dollar. Consider an amortized loan of $29,000 at an interest rate of 8.7% for 6 years. What is the total interest owed? Round to the nearest dollar. Consider an amortized loan of $24,000 at an interest rate of 7.7% for 4 years. How much, will your annual payments be? Round to the nearest dollar Step by Step Solution
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