Amazon would like to purchase a building costing $900,000 by paying $343,639 cash on the purchase...

  

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Amazon would like to purchase a building costing $900,000 by paying $343,639 cash on the purchase date and agreeing to make equal payments every three months for the next five years. The first payment is due three months after the purchase date. Amazon's loan has an 8% interest rate. What is the amount of Amazon's monthly payment? This question will accept as correct any value within $2 of the correct answer. Isabella is looking to purchase an extremely fancy car without having to pay anything up front. On January 1st, Year 1, a dealer offers her a payment plan for a SportsCar Pro, which requests she pays $5,452 every six months, starting July 1st, Year 1, for the next 6 years. At the end of the six years, Isabella will make the final payment in the payment plan, along with a lump-sum payment of $117,729. Assuming an annual interest rate 10%, how much money would Isabella need today to satisfy this given liability? Round your final answer to the nearest two decimal places. Amazon would like to purchase a building costing $900,000 by paying $343,639 cash on the purchase date and agreeing to make equal payments every three months for the next five years. The first payment is due three months after the purchase date. Amazon's loan has an 8% interest rate. What is the amount of Amazon's monthly payment? This question will accept as correct any value within $2 of the correct answer. Isabella is looking to purchase an extremely fancy car without having to pay anything up front. On January 1st, Year 1, a dealer offers her a payment plan for a SportsCar Pro, which requests she pays $5,452 every six months, starting July 1st, Year 1, for the next 6 years. At the end of the six years, Isabella will make the final payment in the payment plan, along with a lump-sum payment of $117,729. Assuming an annual interest rate 10%, how much money would Isabella need today to satisfy this given liability? Round your final answer to the nearest two decimal places.

Answer rating: 100% (QA)

Principal 900000 343639 556361 Interest Rate 8 compounded qua... View the full answer