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Author Question: What is the payment size of a loan that has semi-annual payments and an interest rate of 5.52% ... (Read 241 times)

jon_i

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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
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Marked as best answer by jon_i on Jun 6, 2019

mmj22343

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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.
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jon_i

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Reply #2 on: Jun 6, 2019
TY


mmj22343

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Reply #3 on: Jun 6, 2019
You're welcome


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