Questions Math
Q: A coule borrow Rs. 10,000 to buy a car. The loan agreement specifies that monthly payements are to be made for 4 years. The annual inttrest rate is 10%. Determine the monthly payments?
You can ask a new question or answer this question .
Similar Questions
Top answer:
i=interest rate per period(assumed compounded each period) P=monthly payment n=number of payments
Read more.
Top answer:
I will assume that the rates are per annum compounded monthly Choice #1: i = .05/12 , n = 36 P(1 -
Read more.
Top answer:
same question as the previous one, let me know what you got
Read more.
Top answer:
PepsiCo consolidated balance sheet financial accounting, current assets, liabilities and total
Read more.
Top answer:
let the payment be P i = .075/12 = .00625 n = 12(30) = 360 P( 1 - 1.00625^-360)/.00625 = 149000 P =
Read more.
Top answer:
I = PRT I = 15,000 * 0.07 * 2 I = 2,100 (15,000 + 2,100) / 24 = ?
Read more.
Top answer:
To compare the two loans, we need to calculate the monthly payments for each loan. For Loan A, the
Read more.
Top answer:
a) To calculate the monthly payment for each loan, we can use the PMT formula mentioned above. For
Read more.
Top answer:
a) Installment Loan A: Plug the given values into the payment formula: P = 15,000 r = 5.5/100 =
Read more.
Top answer:
To find out the monthly payments for each loan option, we can use the loan amortization formula:
Read more.