What is the total amount due to pay off the loan

Assignment Help Business Management
Reference no: EM131639694

Paige decided to buy a new car worth $32,000, she traded in her old mini-van and received $10,000, which she used as a down payment. She finances the balance at 8% APR over 36 months. Before making her 24th payment, she decides to pay off the loan.

a.) Use the APR table for Monthly Payment plans. What is the total interest Paige would pay if all 36 payments were made?

b.) What were Paige's monthly payments?

c.) How much interest will Paige save by paying off the loan early?

d.) What is the total amount due to pay off the loan?

Reference no: EM131639694

Questions Cloud

Describes the type of transformation : Which of the following graphs represents the sequence of transformations that maps triangle LMN onto its image?
Do you believe there is such a thing as experience : Do you believe there is such a thing as experience without interpretation? Why, or why not? Would you support colonialism? Why, or why not?
Solve case-averages versus individuals : Averages versus individuals. Scores on the ACT college entrance examination vary Normally with mean µ = 18 and standard deviation s = 6.
Define evidence-based practice within your organization : Describe how you would move from disseminating the information to implementing the evidence-based practice within your organization
What is the total amount due to pay off the loan : How much interest will Paige save by paying off the loan early? What is the total amount due to pay off the loan?
Describe a clinical situation where you were concerned : Research is a fundamental role that every nurse and healthcare practitioner plays but in different ways
Should certain juvenile offenders be waived to adult courts : Should certain juvenile offenders be waived to adult courts? Should juveniles who commit serious capital crimes under age of 16 be eligible for death penalty?
Find confidence interval for the mean blood pressure : Give a 95% confidence interval for the mean blood pressure of the population from which the subjects were recruited.
Monthly cost of the daily spending : What would the account be worth after 40 years? (HINT: you will need to first find the monthly cost of the daily spending-assume 30 days a month.)

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

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