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solve it plz Calculate the annual payments required to repay dollar 41,000 over

ID: 1094497 • Letter: S

Question

solve it plz

Calculate the annual payments required to repay dollar 41,000 over 4 years at 10.00% compounded annually Calculate the annual payments required to repay dollar 6,000 over 12 years at 6.25 % compounded annually. Dollar 725.50 As a graduate you will be purchasing a car - In Alberta. The car dealers add reads: 7.9% financing annual percentage rate! 48-month financing on all cars. Prices start at dollar 24,599. You add dealers freight (2%) and the sales tax (7%). Dealer will pay license and other fees. What is the total purchase price? As a graduate you will be purchasing a car - In Alberta. The car dealers add reads: 7.9% financing annual percentage rate! 48-month financing on all cars. Prices start at dollar 24,599. You add dealers freight (2%) and the sales tax (7%). Dealer will pay license and other fees. What is the amount remaining to be financed after a dollar 6000 down payment?

Explanation / Answer

ANS 1.
Formula Used:
Present value = annuity amount