What will the balance on charlene loan be at the end

Reference no: EM13299540

Charlene just bought her dream car, a 2011 Porsche Carrera GTS Cabriolet that cost $125,000. She paid $20,000 down and financed the balance over 72 months at 6.5% p.a. (Assume that Charlene makes all required payments are made on time).

What will the balance on Charlene's loan be at the end of the fourth year (that is, immediately after Charlene makes her 48th payment on the loan)?

Reference no: EM13299540

Questions Cloud

Has eliminated its exposure to exchange rate risk : The proceeds received would be reinvested by the Canadian subsidiary in Canada. In this way, Vogl Co would not have to cover Canadian dollars to U.S. dollars each year. Has eliminated its exposure to exchange rate risk by using this strategy?

Find how many kg of precipitate will be formed as sludge : One method of removing phosphate from wastewater effluents is to precipitate it with aluminum sulfate. A plausible stoichiometry (but not exact because aluminum and phosphate can form many different chemical materials) is

Describe what concentration of this base will produce a ph : A certain weak base has a Kb of 7.80 × 10-7. What concentration of this base will produce a pH of 10.16

Estimate the stromgren radius of the stars : consider two ZAMS stars: 09 and B0. The effective temperature of the 09 star is 34,500 k. Assuming a hydrogen density of 10^8 m^-3, and Alpha = 3.1 x 10^-19 m^3 s^-1, estimate the Stromgren radius of the stars in pc and AU

What will the balance on charlene loan be at the end : What will the balance on Charlene's loan be at the end of the fourth year (that is, immediately after Charlene makes her 48th payment on the loan)?

Which rate offers the lowest cost : Suppose that you can subscribe to a magazine using either a one-year rate of $22, a two-year rate of $42, or a three-year rate of $60. If want to receive this magazine for three years and if your opportunity cost of funds is 12%, which rate offers..

Compute the factor of safety by using an effective stress : A 2:1 natural slope is underlain by a 3-m thick (measured vertically) soil cover over bedrock. Compute the factor of safety by using an effective stress infinite slope analysis with c'=0 and o' (theres a line between that)= 35 degrees for the soil..

Define how many pounds per hour of sodium acetate trihedrate : water flowing through pipes of carbon steel must be kept at PH 5 or greater than limit corrosion if an 8.0 *10^3 Ib/hr water stream contains 10 ppm sulfuric acid and 0.015% acetic acid, how many pounds per hour of sodium acetate trihedrate

How do concept of green design and industrial ecology differ : How do the concepts of green design, industrial ecology, and sustainable developement differ from past approaches to engineering design Prepare a brief report on this topic using some specific examples for illustration.

User Account

All Pages