Question
Please help me, thanks!!! 5. You want to buy a car for $25,000 and have $3,000 to put down. Your payment is $516.67 for 48
Please help me, thanks!!!
5. You want to buy a car for $25,000 and have $3,000 to put down. Your payment is $516.67 for 48 months. What is your interest rate? ______
13. You want to buy a house. You can only afford $1,800 per month and you anticipate that taxes will be $100 per month and insurance $58.70 per month. If you finance for 15 years at 6% interest how much house can you afford?
26. You are purchasing an RV for $80,000 with a 10% down payment, financed for 10 years at 8% interest. How much is your payment __________? What is the interest, principle and the balance of the 1st and 24th payment?
1st 24th
Principle __________ __________
Interest __________ __________
Balance __________ __________
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