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

Author Question: Use PMT = . Round to the nearest dollar. Suppose that you borrow $15,000 for a new car. You can ... (Read 150 times)

jhjkgdfhk

  • Hero Member
  • *****
  • Posts: 569
on: Feb 2, 2020

Question 1

Use  PMT = .  Round to the nearest dollar.

Suppose that you borrow $10,000 for four years at 8% toward the purchase of a car. Find the monthly payments and the total interest for the loan.
◦ $244; $1712
◦ $286; $13,728
◦ $698; $23,504
◦ $244; $11,712

Question 2

Use  PMT = .  Round to the nearest dollar.

Suppose that you borrow $15,000 for a new car. You can select one of the following loans, each requiring regular monthly payments:
Installment Loan A: three-year loan at 5.9%
Installment Loan B: five-year loan at 6.9%.
Find the monthly payments and the total interest for both Loan A and Loan B. Compare the monthly payments and the total interest for the two loans.
◦ Loan A: $456, $1416; Loan B: $296, $2760; The monthly payment is lower with the longer-term loan but the total interest is less with the shorter-term loan.
◦ Loan A: $296, $2760; Loan B: $456, $1416; The monthly payment is lower with the shorter-term loan but the total interest is less with the longer-term loan.
◦ Loan A: $897, $17,292; Loan B: $894, $38,640; The monthly payment is lower with the longer-term loan but the total interest is less with the shorter-term loan.
◦ Loan A: $894, $38,640; Loan B: $897, $17,292; The monthly payment is lower with the shorter-term loan but the total interest is less with the longer-term loan.
Thinking Mathematically ¦ Blitzer ¦ 6th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by jhjkgdfhk on Feb 2, 2020

ankilker

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Feb 2, 2020
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 32% of students answer this correctly


jhjkgdfhk

  • Member
  • Posts: 569
Reply 2 on: Feb 2, 2020
Wow, this really help

jojobee318

  • Member
  • Posts: 298
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

Your heart beats over 36 million times a year.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Fibroid tumors, or leiomyomas. Fibroids develop from the uterus to form a variety of hard, round ben Fibroid tumors, or leiomyomas. Fibroids develop from the uterus to form a variety of hard, round ben
A plant grown from a [round, yellow] seed is crossed with a plant grown from a [ A plant grown from a [round, yellow] seed is crossed with a plant grown from a [
Mel Chin, Operation Paydirt/Fundred Dollar Bill Project. Mel Chin, Operation Paydirt/Fundred Dollar Bill Project.
How to round numbers with significant digits How to round numbers with significant digits
Grilled Beef Top Round Grilled Beef Top Round
An 8th grade class develops a linear model that predicts the number of cheerios (a small round ... An 8th grade class develops a linear model that predicts the number of cheerios (a small round ...
Video: PET Scan Animation

For a complete list of videos, visit our video library