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please show work! :) they are already answered because it is a study quiz Your credit card has a quoted rate of 17% per year
please show work! :) they are already answered because it is a study quiz
Your credit card has a quoted rate of 17% per year compounded weekly. What is the effective annual rate? a) 884% b) 18.50% c) 32.69% d) 17.00% Question 5 1 / 1 point A cottage on Vancouver Island is selling for $200,000, with a $125,000 down payment, and the remainder mortgaged over 30 years at a quoted rate (APR) 12%, compounded semi-annually. What is the monthly payment? a) $792.90 b) $754.79 c) $9310.77 d) $736.23 Question 6 1 / 1 point This year you are finally buying a beautiful Tesla. Nothing more sustainable than a car that goes 100km/h in 3s, huh? You pay $150,000 for your new car, with 7.5% interest rate (monthly payment, monthly compounding), for a period of 2 years. How much interest do you pay in total for the 2 years? (Hint: Loan Calculator in Excel) 632922,50011,9986,750Step by Step Solution
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