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you can choose but if you can could you please answer more than one & If you borrow $42.000 over four years with monthly payments
you can choose but if you can could you please answer more than one
& If you borrow $42.000 over four years with monthly payments and an APR of 3.35%, how much principal will you pay during the third year of the loan making only the minimum required monthly payments A $11,033 B. $10,670 C. $11,543 D. $ 1,528 9. A 2-month time account quotes a 7.50% annual percentage rate. What will be its effective annual rate? A 12.87% B 24.7296 C. 7.69% D. 7.74% E 7.6494 10. Travis transfers $85,000 today into a retirement account. Starting next month he will deposit 5800 each month into that account until he retires. If he is able to earn 9% on his account, how much money will he have in his account when he retires 26 years from now? A $2.253.187 B. $1.865,773 C. $ 116.305 D. S 160,099 11. Sunrise Coffee just borrowed $160,000 to build a new shop. The mortgage loan is for 25 years at an APR of 8.45% with equal monthly payments. How much interest will be paid during the final 4 years? A S 9.482 B. S 9.644 C. $ 14,613 D. $ 14,371 12. Bob's Burgers needs a business loan. The bank is offering a 15 year loan at 5.65% APR. If Bob can afford to pay $15,000 per month, what is the largest loan be can get? A. $1.794,742.66 B. $1,818,038,63 C. $1,765,467.14 D. $1,829,850.42 13. If you need $1,000,000 in 25 years, how much must you deposit today at 5.5% compounded daily? A $274,973.42 B. $265,828.53 C $252.865.79 DS262 233.70 14. You want to retire in 37 years and withdraw 5600,000 per year for 35 years after retiring and expect to cam 6% after retirement. If you expect to cum 8% until you retire, how much will you need to save cach month until retiring to meet your goal? A $21.564 B. $ 3,202 C. $ 4,149 D. S 2,453 Step by Step Solution
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