This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is the payment size of a loan that has semi-annual payments and an interest rate of 5.52% ... (Read 243 times)

jon_i

  • Hero Member
  • *****
  • Posts: 549
on: Jun 6, 2019

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
Contemporary Business Mathematics with Canadian Applications ¦ Hummelbrunner, Halliday, Coombs ¦ 11th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by jon_i on Jun 6, 2019

mmj22343

  • Sr. Member
  • ****
  • Posts: 297
Reply #1 on: Jun 6, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 39% of students answer this correctly


jon_i

  • Hero Member
  • *****
  • Posts: 549
Reply #2 on: Jun 6, 2019
TY


mmj22343

  • Sr. Member
  • ****
  • Posts: 297
Reply #3 on: Jun 6, 2019
You're welcome


« previous next »
 

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

The average adult has about 21 square feet of skin.

Tubal ligation. To minimize the size of the incisions necessary, laparoscopic surgery may be used to Tubal ligation. To minimize the size of the incisions necessary, laparoscopic surgery may be used to
Stellar Size and Spectra Stellar Size and Spectra
Bones change radically in size and shape from newborn to adult, as these cervical vertebrae demonstr Bones change radically in size and shape from newborn to adult, as these cervical vertebrae demonstr
Enzymatic rate enhancements Enzymatic rate enhancements
Relative size ranges and fluorescent dye labeling colors of 16 STR Relative size ranges and fluorescent dye labeling colors of 16 STR
A debt payment of $7500 is due in 24 months. If money is worth 7.2% p.a. compounded quarterly, ... A debt payment of $7500 is due in 24 months. If money is worth 7.2% p.a. compounded quarterly, ...
Video: Heart Chambers

For a complete list of videos, visit our video library