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What is the monthly payment

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Q1) What is the monthly payment for a $25,000 amortized loan to purchase a car payable over 5 years at an annual interest rate of 12%?

Q2) you can borrow at 9 % compounded quarterly.what annually compounded rate would you need to receive to be different between the two loans?

Q3) you are about to buy a home you wish to borrow $230,000. Your lender has agreed to finance this purchase. The lender has quoted you a rate of 4.75%. You have decided that you want a 20 year amortization period and a 5 year term. Additionally you have decided o monthly payments.

Reference no: EM133146439

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