Ask a New Question

A new luxury car costs $80,000. You pay 10% down and amortize the rest with equal monthly payments over a 7-year period. If you pay 9.25% compounded monthly, what is your monthly payment? How much interest will you pay?

Ask a New Question or answer this question.

Similar Questions

A sailboat costs 20842$ You pay 10% down and amortize the rest with equal monthly payments over a 14 -year period. If you
1. 1 answer
A sailboat costs 20842$ You pay 10% down and amortize the rest with equal monthly payments over a 14 -year period. If you
1. 1 answer
A sailboat costs $20019 . You pay 15% down and amortize the rest with equal monthly payments over a 12 -year period. If you
1. 1 answer
Aaron Grider buys a home for $120500. After a 15% downpayment, the rest is financed at 8% interest for 9 years. What equal
1. 0 answers

more similar questions