6. Alicia is borrowing $15,000 to purchase a new car. With her credit score, she qualifies for a 6% annual percentage rate. She wants to pay back the loan over a period of 60 months (5 years). Using the table below, determine: a. what Alicia’s monthly payment is for 60 months. (Section 15.6) (1 point) b. the total amount she pays back the lender in 60 months. (Section 15.6) (1 point) c. the amount she paid in interest over the 60 months. (Section 15.6) (1 point) Monthly payment per $1,000 borrowed for various annual rates and various number of payments. Annual Interest Rate Number of Monthly Payments 36 48 60 5% $29.97 $23.03 $18.87 6% $30.42 $23.49 $19.33 8% $31.34 $24.41 $20.28 10% $32.27 $25.36 $21.24 12% $33.22 $26.34 $22.24
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it's beginning to look like a homework dump ...
so you dont understand it ?
No, it means that you've posted about a dozen problem, all mashed together and hard to read, with no indication you have tried to solve any of them.
1 answer