Calculate the amount the firefighter still owes on the car

Assignment Help Accounting Basics
Reference no: EM133027864

Question - A firefighter for the National Park Service has a 5-year car loan for which the monthly payment is $660.46 with an annual interest rate of 4.75% compounded monthly. After making 36 payments, the firefighter decides to trade in the car for a new car. Calculate the amount (in dollars) the firefighter still owes on the car.

Reference no: EM133027864

Questions Cloud

What is the quick ratio : Souvenirs Pty Ltd has a current ratio of 3:1 and current liabilities of $15000. If Souvenirs Ltd has $10000 of inventory, what is the quick ratio
Prepare an income statement for the year : The adjusted trial balance at December 31 2019 includes: Owners Capital $16,900, Owner's Drawings $7,200, Prepare an Income statement for the year
What is the value of Stacker stock : Stacker Weight Loss currently pays an annual year-end dividend of $1.40 per share. What is the value of Stacker stock
Prepare the journal entries during the period : At 30 June 2021, Plant was assessed to have a fair value of $ 250 000. Prepare the journal entries during the period 30 June 2020 to 30 June 2021
Calculate the amount the firefighter still owes on the car : After making 36 payments, the firefighter decides to trade in the car for a new car. Calculate the amount (in dollars) the firefighter still owes on the car
LAWS6017 Corporate Law Assignment : LAWS6017 Corporate Law Assignment Help and Solution, Toi Ohomai Institute of Technology - Assessment Writing Service
How much additional money will need : I want to pay off my car balance of $18,000.00 in 3 years with a current payment amount of $350.00, How much additional money will need
Calculate the debt ratio : Question - Jennings Co. has total assets of $439.0 million. Its total liabilities are $117.5 million. Its equity is $322 million. Calculate the debt ratio
What is the amount and character of Rita gain or loss : Rita sold her interest for $20,000 cash and was relieved of any partnership liabilities. What is the amount and character of Rita's gain or loss

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd