Thursday
March 5, 2015

Homework Help: accounting

Posted by happy on Tuesday, April 19, 2011 at 2:36pm.

If you decide to buy a car for $17,500 and get $2,500 on a trade-in. If the bank finances the remainder at 7.8%, and you want to pay off the loan in 5 years, how much will your monthly payments be? (Assume that interest is compounded monthly.)

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

pre cal - you decide to buy a car for 25000. each year your car depreciates in ...
MATH - a rule of thumb used by car dealers is that the trade in value of a car ...
Algebra 2.. - a rule of thumb used by car dealers is that the trade in value of ...
MATH - NEED EXTREME HELP!@#$%^a rule of thumb used by car dealers is that the ...
Business Math - If Wilma borrows $5,000 from her brother (at 5% interest per ...
Finance - You just borrowed $15,000 from a bank. If you pay $4,000 at the end of...
algbera - Can you tell if the problem i made up is a good two step equation ...
Accounting - On January 1, you will purchase a new car. The automobile dealer ...
Algebra - Yolanda is buying a car with a base price of $16,750. She must also ...
Math - Carol is going to buy a new car which will cost her $1,500.00 and ...

Members