What are the payments, The last payment is in 5 years. If

What are the payments

Reference no: EM13294906

You have taken out a 5-year car loan for $50000 with equal semi-annual payments. the loan requires no payments in the first year, i.e. the first payment is in 18 months, but interests continue to accrue during this period. The last payment is in 5 years. If the APR on the loan is 8%(semi-annual compounding), what are the payments?

Reference no: EM13294906

Questions Cloud

What values of capacitance will give unity power factor : An electric motor is monitored with an ammeter, voltmeter, and wattmeter, which indicate 5.2A, 120V, and 480W respectively. Assume 60Hz. A) Draw the phasor diagram of the voltage and current,assuming the voltage at zero phase and lagging current.

Define the entire volume of solvent in the solvent reservoir : An orange compound was added to the top of a chromatography column. Solvent was added immediately, and the entire volume of solvent in the solvent reservoir turned orange.

What is the annualized hpr on coca-cola stock over 3-year : Assuming you could reinvest the dividends at 2% per year, what is the annualized HPR on Coca-Cola stock over this 3-year period?

How much energy will be disapated in the form of heat : A 10 ohm resistor carries a current of 5 amps. How much energy, in joules, will be disapated in the form of heat during a period of 6 seconds

What are the payments : The last payment is in 5 years. If the APR on the loan is 8%(semi-annual compounding), what are the payments?

The countries of figistan and blah are small island country : Sketch the ppf ’s for both countries.d. Assuming no trading between the two, if both countrieswanted to have equal numbers of feet of timber and basketsof fruit, how would they allocate workers to the two sectors?

What rate of return are investors expecting : Assume that earnings and dividends are expected to grow at 7.5% in perpetuity. What rate of return are investors expecting?

Obtain the force on the proton : Two parallel plates having charges of equal magnitude but opposite sign are separated by 24.0 cm. Determine the force on the proton

How would you organize an effective recycling program : How would you organize an effective recycling program - list the items likely to generate money for the program.

User Account

All Pages