Jeffrey secured a 3-year car lease at 5.60% compounded annually that required her to make payments of $881.30 at the beginning of each month. Calculate the cost of the car if she made a downpayment of $2,000. $0.00
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- Charles secured a 5-year car lease at 6.50% compounded annually that required her to make payments of $883.39 at the beginning of each month. Calculate the cost of the car if she made a downpayment of $2,250.Edward purchased a car using a 6-year car lease at 5.20 % compounded quarterly that required her to make payments of $338 at the beginning of each month. Calculate the cost of the car if she made a down payment of $3,750. I Round to the nearest centJeremy purchased a car using a 4-year car lease at 5.70% compounded quarterly that required him to make payments of $267 at the beginning of each month. Calculate the cost of the car if he made a down payment of $1,000. Round to the nearest cent
- Kevin purchased a car using a 3-year car lease at 7.90% compounded quarterly that required him to make payments of $606 at the beginning of each month. Calculate the cost of the car if he made a down payment of $2,500. Round to the nearest centVincent received a loan of $28,000 at 4.25% compounded monthly. She had to make payments at the end of every month for a period of 5 years to settle the loan. a. Calculate the size of payments. Round to the nearest cent b. Complete the partial amortization schedule, rounding the answers to the nearest cent. Payment Number Payment K 0 1 2 0 0.00 0 0 Total :: :: $0.00 $0.00 $0.00 $0.00 $0.00 Interest Portion Principal Portion $0.00 $0.00 :: :: $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 Principal Balance $28,000.00 $0.00 $0.00 :: $0.00 $0.00 0.00Vanessa purchased a car using a 5-year car lease at 6.30% compounded quarterly that required her to make payments of $571 at the beginning of each month. Calculate the cost of the car if she made a down payment of $1,750.
- Jesse received a loan of $36,000 at 5.75% coumpounded quarterly. She had to make payments at the end of every quarter for a period of 5 years to settle the loan. a. Calculate the size of payments Round to the nearest cent b. Fill in the partial amortization schedule for the loan, rounding your answers to two decimal places Payment Number Payment Interest Portions Principal Portion Principal BalanceCasey secured a 5-year car loan at 6.20% compounded annually that required him to make payments of $884.96 at the beginning of each month. Calculate the cost of the car if he made a downpayment of $3,250. Round to the nearest centGabrielle secured a 3-year car loan at 5.90% compounded annually that required him to make payments of $882.53 at the beginning of each month. Calculate the cost of the car if he made a downpayment of $2,250. Round to the nearest cent
- While buying a new car, Aaron made a down payment of $800 and agreed to make month-end payments of $250 for the next 3 years and 6 months. She was charged an interest rate of 2% compounded semi-annually for the entire term. a. What was the purchase price of the car? $0.00 Round to the nearest cent b. What was the total amount of interest paid over the term? $0.00 Round to the nearest cent SAVE PRShirley Trembley bought a house for $185,300. She put 20% down and obtains a simple interest amortized loan for the rest at 6 3 8 % for thirty years. (Round your answers to the nearest cent.) (a) Find her monthly payment.$ (b) Find the total interest.$ (c) Prepare an amortization schedule for the first two months of the loan. PaymentNumber PrincipalPortion InterestPortion TotalPayment Balance 0 $ 1 $ $ $ $ 2 $ $ $ $ (d) Most lenders will approve a home loan only if the total of all the borrower's monthly payments, including the home loan payment, is no more than 38% of the borrower's monthly income. How much must Shirley make to qualify for the loan?$ per monthWhile buying a new car, Alexis made a down payment of $1,200 and agreed to make month-end payments of $280 for the next 4 years and 6 months. She was charged an interest rate of 4% compounded semi-annually for the entire term. a. What was the purchase price of the car? $0.00 Round to the nearest cent b. What was the total amount of interest paid over the term? $0.00 Round to the nearest cent