What about if the first payment is due right now

Reference no: EM13290889

You want to buy a car that costs $30,000 with a 4-year loan at an annual rate of 6%. How much is your montly payment if the first payment is due one month from now? what about if the first payment is due right now?

Reference no: EM13290889

Questions Cloud

What should be the price of each bond : Suppose that Country Co. issues some bonds with 20 years to maturity. The annual coupon payment rate is 11%, paid semianually. the bonds have a face value of $1000. Other bonds of similar risk have a yield to maturity of 12%. What should be the pr..

What is the plastics index of refraction : A plastic sheet of thickness 250 nm appears to be green in the figure below (?green=500nm), What is the plastic's index of refraction

Calculate the conductivity of the material : An n-type semiconductor is known to have an electron concentration of 5 × 10 ^17 m-3 . If the electron drift velocity is 350 m/s in an electric field of 1000 V/m, calculate the conductivity of this material.

What is the amount of each loan payment : You are buying a previously owned car today at a price of $3,500. You are paying $300 down in cash and financing the balance for 36 months at 8.5 percent. What is the amount of each loan payment?

What about if the first payment is due right now : You want to buy a car that costs $30,000 with a 4-year loan at an annual rate of 6%. How much is your montly payment if the first payment is due one month from now? what about if the first payment is due right now?

What is the new spacing between bright fringes : A Young's double-slit interference experiment gives bright fringes separated by 2.5 cm on a screen when the experiment is performed in air. What is the new spacing between bright fringes

What is the stated rate : Suppose the EAR for a loan is 8% and the loan requires monthly payments. What is the stated rate (annual percentage rate)?

What is the minimum possible thickness of the bubble : A very thin bubble is floating in air. If the bubble strongly reflects green light (? = 520 nm), what is the minimum possible thickness of the bubble

Explain why there is minimum allowable cross-sectional area : The National Electrical Code specifies, among otherthings, values for the minimum allowable cross-sectional area ofconductors for a given voltage and allowable total length ofcircuits depending on the diameter of conductor used.

User Account

All Pages