# business and finance

posted by .

Earl Miller plans to buy a boat for \$19,500 with an interest
charge of \$2,500. Earl figures he can afford a monthly
payment of \$650. If Earl has to pay 36 equal monthly
payments, by how much can he afford the boat per month?

• business and finance -

See 1-29-12, 2:18pm post.

## Respond to this Question

 First Name School Subject Your Answer

## Similar Questions

1. ### accounting

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?
2. ### Finance

Dave takes out a 30-year mortgage of 200000 dollars for his new house. Dave gets an interest rate of 16.8 percent compounded monthly. He agrees to make equal monthly payments, the first coming in one month. After making the 68th payment, …
3. ### Business Finance

Earl Miller plans to buy a boat for \$19,500 with an interest charge of \$2500. Earl figures he can afford a monthly payment of \$650. If Earl has to pay 36 equal monthly payments, by how much can he afford the boat per month?
4. ### Business Finance

Earl Miller plans to buy a boat for \$19,500 with an interest charge of \$2500. Earl figures he can afford a monthly payment of \$650. If Earl has to pay 36 equal monthly payments, by how much can he afford the boat per month?
5. ### math

Earl Miller plans to buy a boat for \$19,500 with an interest charge of \$2,500. Earl figures he can afford a monthly payment of \$650. If Earl has to pay 36 equal monthly payments, by how much can he afford the boat per month
6. ### math

Jeanna wants to buy a new boat for her family. She has two payment options. The first option is to pay a cash payment of \$7,200. The second option is to finance the boat with a three-year instalment loan. The loan requires a 10% down …
7. ### Business Math

Jeanna wants to buy a new boat for her family. She has two payment options. The first option is to pay a cash payment of \$7,200. The second option is to finance the boat with a three year installment loan. The loan requires a 10% down …
8. ### MATH

Dave takes out a 24-year mortgage of 210,000 dollars for his new house. Dave gets an interest rate of 13.2 present compounded monthly. He agreed to make equal monthly payment, the first coming in one month. After making the 68th payment, …
9. ### Math

Dave takes out a 23-year mortgage of 200000 dollars for his new house. Dave gets an interest rate of 13.2 percent compounded monthly. He agrees to make equal monthly payments, the first coming in one month. After making the 65th payment, …
10. ### Math

Dave takes out a 24-year mortgage of 290000 dollars for his new house. Dave gets an interest rate of 14.4 percent compounded monthly. He agrees to make equal monthly payments, the first coming in one month. After making the 68th payment, …

More Similar Questions