Mathematics

19 January, 13:43

You want to buy a car, and a local bank will lend you $40,000. The loan will be fully amortized over 5 years (60 months), and the nominal interest rate will be 12% with interest paid monthly. What will be the monthly loan payment

+2

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question 👍 “You want to buy a car, and a local bank will lend you $40,000. The loan will be fully amortized over 5 years (60 months), and the nominal ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.

Search for Other Answers

You Might be Interested in

The binomial (x 5) is a factor of x2 8x 15. what is the other factor?

A video club wants to reward its best members with a discount based on the member's number of movie rentals and the number of new members referred by the member.

He is given 3 slices which together weights 1/3 of a pound, but his diet says that he is only allowed to eat 1/4 of a pound. how much of the 3 slices he bought can he eat while staying true to his to his athletes diet

Compare and contrast the perpendicular bisectors and angle bisectors of a triangle. How are they alike? How are they different?

Consider a square and a regular hexagon (a six-sided figure with sides of equal length). One side of the square is 25 feet longer than a side of the hexagon, and the two figures have the same perimeter.

New Questions in Mathematics

H=-5 and w=2, work out the value of 4h-3w

A pet store has 16 turtles and 40 birds for sale what is the ratio of turtles to birds written as a fraction in simplest form

What is blank divided by 10=$675?

What is the inverse of y=2x+7

1 1/3yards is inches