What is the payment size of a loan that has semi-annual payments ...

[jon_i]

Question 1

You lease a car for monthly payments of $610.23 at the end of each month for 54 months. There is a no security deposit sale going on. The interest rate on the lease is 3.9% compounded annually. The buy-out is $19552 at the end of the lease. How expensive is the vehicle?
◦ $48 633.26
◦ $48 683.26
◦ $48 863.26
◦ $46 683.26
◦ $46 863.26

Question 2

What is the payment size of a loan that has semi-annual payments and an interest rate of 5.52% compounded monthly? The loan principal is $1641.12 and the loan is for 48 months.
◦ $221.31
◦ $321.74
◦ $231.74
◦ $274.31
◦ $123.74

[mmj22343]

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[jon_i]

TY

[mmj22343]

You're welcome