Posted by **Ronald** on Friday, June 14, 2013 at 4:45am.

The amount to be financed on a new car is $9,500. The terms are 11% for 4 years. What is the monthly payment?

(a) State the type.

future value

ordinary annuity

present value

amortization

sinking fund

(b) Answer the question. (Round your answer to the nearest cent.)

$

## Answer This Question

## Related Questions

- business math 205 - Calculate the future of the following Ordinary Annuities. ...
- Finite Math - The amount (future value) of an ordinary annuity is given. Find ...
- Accounting - On June 1, 2012, Pitts Company sold some equipment to Gannon ...
- Accounting - On June 1, 2012, Pitts Company sold some equipment to Gannon ...
- math - Classify the finacial problem. Assume a 7% interest rate compounded ...
- math - Classify the finacial problem. Assume a 7% interest rate compounded ...
- ALegbra - If an apartment complex will need painting in 3 1/2 years and the job ...
- Calculus - A $99,000 mortgage for 30 years at 9% APR requires monthly payments ...
- math - find the present value of ordinary annuity payments of 890 each year for ...
- MATH - Find the monthly payments for an ordinary annuity that will yield a ...

More Related Questions