n payment for the purchase of a car. How much is the mortgaged amount if the cash value of the car is PhP 1,500,000?
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A car dealer offers 15% down payment for the purchase of a car. How much is the mortgaged amount if the cash value of the car is PhP 1,500,000?
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- A car dealer offers to buy your car for $9,500 so that you can purchase a new one. If your monthly payment is $464.23 with an annual interest rate of 3.9% and you have 20 more payments remaining, is the present value of your car loan more or less than the amount the dealer is offering? How much Less?A car dealer offers to buy your car for $9,500 so that you can purchase a new one. If your monthly payment is $464.23 with an annual interest rate of 4.8% and you have 20 more payments remaining, is the present value of your car loan more or less than the amount the dealer is offering? How much more or less (in dollars) is the present value of your car loan compared to the amount the dealer is offering? (Enter a number. Round your answer to the nearest cent.)You buy a ten-year-old car for $12,000. You decide to pay $2000down, and the used car dealer gives you a “special” rate of “9% monthly” for 48 months.a) What is your monthly payment?b) How much of your first payment goes to interest?c) How much interest do you pay for the entire loan?d) What is your final payment for this car? tvm solver
- A bank teller negotiated a purchase price of $22,350 for a car. In addition to the purchase price, the teller had to pay sales tax that was 6.25% of the purchase price and a $452 license fee. If the teller makes a down payment of 10% of the total cost of the car and secures a 4-year loan at an annual interest rate of 4.9% compounded monthly, what is the monthly car payment?If a car is sold for P1,230,000 and the bank requires 15% downpayment, what is the amount of the mortgage?You are taking out a new loan of $140,000 that includes an origination fee of 4.5%. How much money does the origination fee cost you?
- You can afford to pay $560 each month for a new car. The dealership offers you a 5-year loan at 6.4% interest, compounded monthly. Which of the following formulas would be used to compute the amount of money you can afford to borrow in order to purchase a new car?The purchase price of a car is Php 40,141, Mr. Smith makes a down payment of Php 5,802 and borrows the balance from a bank at 0.25 compounded monthly for 11 years. Calculate the value of the required monthly payments to pay off the loan. Will upvote, Thankyou :)Assume that you are going to buy a new car worth $28,000. You will be able to make a down payment of $5,000. The remaining $23,000 will be financed by the dealer. The dealer computes your monthly payment to be $1540, for 60 months of financing. What is the dealer's annual rate of return on this car loan?
- A car dealership is offering to roll over the amount owed on your car into a new loan so you can purchase a new car. Suppose you owe $5,406.77 on your current car and have agreed to a new car whose total cost, including tax and license, is $29,905.87. You are getting a 5-year loan at an annual interest rate of 4.75%. What are your new monthly payments (in dollars)? (Round your answer to the nearest cent.)2. You purchase a basic package, 4-door sedan for your company's fleet for $18,000. The 3 year loan has an interest rate of 13.75%. You make 10 payments and decide the 11th will be the payment to pay off the loan in its entirety. How much does the 11" payment need to be, using the Actuarial Method?If you have a car loan with a monthly payment of $625.00 and a purchase price of $30,000 : a. How much will you have paid for the car over 5 years