Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 29 (1 point) You borrow $5,000 from credit card with an APR of 16.99%. If the interest rate is compound monthly, what will be
Question 29 (1 point) You borrow $5,000 from credit card with an APR of 16.99%. If the interest rate is compound monthly, what will be your monthly payment if you want to pay of your loan in 4 years? What is the total interest you paid on the credit card? $144.25, $1,924.00 O $148.35, $2,120.80 O $1,745.21, $2,291.45 $1,822.31, $2,289.23 Question 30 (1 point) A no-growth stock pays a dividend of $1.5 per year forever. What is the today price of this no-growth stock if investor requires a 10% rate of return? O $15.00 $150.00 $1.50 $21.50 Question 31 (1 point) You recently graduated from college and wanted to purchase a car for $50,000. You need to finance your car with zero down payment over 60 months. The dealer quoted you an APR of 2.19%. What is your monthly car payment? What is the total interest you paid for the car? $958.15, $7.489.00 $880.55, $2,833.02 $951.44, $7,086.40 $882.48. $2.948.80
Step 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