Determine what is the monthly interest rate

Assignment Help Econometrics

Reference no: EM13209936

You are buying a new car for $20,000. You signed a contract for the loan for 4 years. Your loan has an interest rate of 12% interest (APR). You make monthly payments and the interest is compounded monthly. What is the monthly interest rate?

Reference no: EM13209936

Questions Cloud

Determine what is your monthly payment : You are buying a new car for $20,000. You put $2000 down and are financing the balance. You signed a contract for the loan for 4 years. Your loan has an interest rate of 8% interest (APR). You make monthly payments and the interest is compounded m..

Find what is the effective annual interest rate : You are buying a new car for $20,000. You signed a contract for the loan for 4 years. Your loan has an interest rate of 12% interest (APR). You make monthly payments and the interest is compounded monthly.

Differences between german and english : Can you account for the above differences between German and English in terms of characteristics of English discussed in the textbook and the first lecture?

Explain washing the crude 2-chloro-2-methylbutane : The work-up procedure calls for washing the crude 2-chloro-2-methylbutane with cold sodium bicarbonate solution. a. What purpose does this wash serve?

Determine what is the monthly interest rate : You are buying a new car for $20,000. You signed a contract for the loan for 4 years. Your loan has an interest rate of 12% interest (APR). You make monthly payments and the interest is compounded monthly. What is the monthly interest rate

Explain what is the specific heat capacity of the glass : When thermal equilibrium is reached, the temperature of the glass and the water is 29.9 "C. What is the specific heat capacity of the glass?

What might be a different in rapidly developing country : emission are the product of these numbers emissions\energy use, use/output, output/capita, numbers of people. in countries like the united states energy use by unit of output decreases over time. what effects over time might you expect for these o..

Social psychology activity : Pick a behavior that deviates from the norm, do not break the law or cause harm to yourself or others.

Explain a gas chromatogram of the organic components : A gas chromatogram of the organic components of a sample of beer using a column that separates compounds on the basis of their relative boiling points provides a GLC trace with several peaks. Two of the smaller peaks, with retention times of 9.56 ..

User Account

All Pages