Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please help with my construction manegment hw question. QUESTION 3 Sally is a junior at KU and would like to buy a new car. Her
Please help with my construction manegment hw question.
QUESTION 3 Sally is a junior at KU and would like to buy a new car. Her loan from the car dealership is deferred for the first 12 months and then she makes 50 end-of-month payments thereafter. Given the original loan is for $32,000 with an interest of 0.5% per month in the unpaid balance, how much does Sally need to have for monthly payments? OA B. $4,082 C. $726 OD.$2,755 QUESTION 4 David needs a lump sum loan of $17,000 to buy a new boat. The seller gives him two options (a) a loan with 12% interest per year, or (b) a loan with 8% interest per year. What is the difference in total interest accumulated by these two types of loans if David decides to repay the loan in 5 years? A. $1,924 OB. $29,959 C. $4,981 O D.$24,978Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started