Chemistry, 03.04.2021 20:30 hilarydodard5138
Tony is taking out an amortized loan for $33,000 to buy a new car and is deciding between the offers from two lenders.
He wants to know which one would be the better deal over the life of the car loan, and by how much.
Answer each part. Do not round intermediate computations, and round your answers to the nearest cent.
If necessary, refer to the list of financial formulas.
(a) A bank has offered him a 6-year car loan at an annual interest rate of 7.3%. Find the
monthly payment.
(b) An online lending company has offered him a 6-year car loan at an annual interest rate
of 7.6%. Find the monthly payment.
(C) Suppose Tony pays the monthly payment each month for the full term. Which lender's
car loan would have the lowest total amount to pay off, and by how much?
Bank :
The total amount paid would be $ ββββ less than to the online lending company
Online lending company:
The total amount paid would be $βββ- less than to the work
Answers: 3
Chemistry, 22.06.2019 14:00
Calculate the energy required to ionize a hydrogen atom to an excited state where the electron is initially in the n = 5 energy level. report your answer in kilojoules
Answers: 1
Chemistry, 22.06.2019 15:00
Which theory was contradicted by experiments with the photoelectric effect? light spreads out after it passes through a small opening. as soon as light strikes metal, electrons will be ejected. visible light, regardless of color, will cause the ejection of electrons when striking metal. the kinetic energy of ejected electrons depends on the frequency of light that strikes the metal.
Answers: 2
Tony is taking out an amortized loan for $33,000 to buy a new car and is deciding between the offers...
Mathematics, 12.05.2021 23:40
Computers and Technology, 12.05.2021 23:40
Arts, 12.05.2021 23:40
Biology, 12.05.2021 23:40
Mathematics, 12.05.2021 23:40
Mathematics, 12.05.2021 23:40
Mathematics, 12.05.2021 23:40
Mathematics, 12.05.2021 23:40
Mathematics, 12.05.2021 23:40
Mathematics, 12.05.2021 23:40
Mathematics, 12.05.2021 23:40