Ask a New Question
Search
A car is purchased for $9,192.57 with $1470 down and a loan to be repaid at $200 a month for 2 years followed by a balloon payment. If the interest rate is 6% compounded monthly, how large will the balloon payment be?
Ask a New Question
or
answer this question
.
Similar Questions
A couple negotiated with a vendor and purchased a two-bedroom house
financed through a bank. They signed a mortgage contract for
1 answer
Vina took out a personal loan of K5500 on 11 November 2014 and repaid the loan and the interest owing on 16 May 2015. If the
1 answer
Could someone please help me journalize this one? I have been stuck on it all day!
Business Ltd took out a loan of $10,000 from
0 answers
Jill Ley took out a loan to pay for her child's education for $60,000. The loan would be repaid at the end of 8 years in one
2 answers
more similar questions