Mathematics, 28.10.2020 23:50 milagritomiracle
I'LL MARK AS Gary took out a 6-year car loan for $18,800 to be paid back with monthly payments at a 13.2% APR, compounded monthly. The loan offers no payments for the first 18 months. Gary is wondering how much he will pay in interest on the loan. Help him figure out the answer.
Part I: What is the periodic interest rate of Gary's car loan?
Part II: What is the total amount that Gary will owe when he starts making payments?
Part III: How many monthly payments will Gary have made once his loan is paid off?
Part IV: What will Gary's monthly payment be after 18 months?
Part V: What is the total amount that Gary will pay for the car loan?
Part VI: How much will Gary pay in interest for the car loan?
Answers: 3
Another question on Mathematics
Mathematics, 21.06.2019 20:00
Write the point-slope form of the line passing through (2, -12) and parallel to y=3x.
Answers: 2
Mathematics, 21.06.2019 23:00
Eden has a part time job. she is paid ? 7.20 an hour the week she worked 18 and a half hours how much is she paid
Answers: 1
Mathematics, 22.06.2019 01:40
Jeremy wants to determine the number of solutions for the equation below without actually solving the equation.
Answers: 1
Mathematics, 22.06.2019 06:50
What is the name of the thick, lower end of the digestive tract where solid waste is gathered and leaves the body?
Answers: 2
You know the right answer?
I'LL MARK AS Gary took out a 6-year car loan for $18,800 to be paid back with monthly payments at a...
Questions
Social Studies, 07.10.2019 15:10
History, 07.10.2019 15:10
Geography, 07.10.2019 15:10
Mathematics, 07.10.2019 15:10
English, 07.10.2019 15:10
Mathematics, 07.10.2019 15:10
Physics, 07.10.2019 15:10
Mathematics, 07.10.2019 15:10
Mathematics, 07.10.2019 15:10
Mathematics, 07.10.2019 15:10
Mathematics, 07.10.2019 15:10
Mathematics, 07.10.2019 15:10
English, 07.10.2019 15:10
Mathematics, 07.10.2019 15:10
