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Problem 9-1 You want to buy a new gas Barbeque. The cost is $769.49. You will have to pay for it with 10% down and
Problem 9-1 You want to buy a new gas Barbeque. The cost is $769.49. You will have to pay for it with 10% down and 5 equal annual payments that include interest at 6%. Calculate the payments. Amortize the payments. Problem 9-2 You want a new Jeep. The cost is $62,500. You will pay 10% down and the rest in five equal annual payments which include interest at 4%. Calculate the payments. Amortize the payments. Problem 9-3 You have just purchased a new goat. The cost was $1,200. You paid 10% down and will pay the rest in 4 equal annual installments which include interest at 8%. Calculate her payments and prepare an amortization schedule Problem 9-4 You have just purchased a new Tesla for $62,890. You pay no money down and will make 60 equal monthly payments starting next month. The interest rate is 10% per year. Amortize the first three months of your loan
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