Derek borrows $32,311.00 to buy a car. He will make monthly payments for 6 years. The car

Fantastic news! We've Found the answer you've been seeking!

Question:

Derek borrows $32,311.00 to buy a car. He will make monthly payments for 6 years. The car loan has an interest rate of 6.49%. After a 13.00 months Derek decides to pay off his car loan. How much must he give the bank?

Related Book For answer-question

Linear Algebra A Modern Introduction

ISBN: 978-0538735452

3rd edition

Authors: David Poole

See More Books

Posted Date: Jan 29, 2024 07:17 AM

See More Questions

An investment is worth $3,845 in 1995 . By 2000 th has grown to $5,130. Let y be the value of the investment in the year x, where x=0 represents 1995 . Write a linear equation that models the value...
please plot graph when answering the questionUse the supply and demand analysis of the market for reserves to visually illustrate and explain how the following scenarios may arise in equilibrium....
also the probability for each grill display combination, please A marketing professor of a certain university studied how people attempt to influence the choices of others by offering undesirable...
The root cause of underdevelopment and environmental degradation is the overdevelopment of a handful of rich nations. Discuss.
Use the uncertainty principle to show that if an electron were present in the nucleus (r 10-15m), its kinetic energy (use relativity) would be hundreds of MeV. (Since such electron energies are not...
In the cash forecast, if cash inflows exceed cash outflows, what does this create? a. A cash surplus b. A cash deficit c. A long-term liability d. An undeclared dividend
How many times can you define a function?
One of PLE's manufacturing facilities produces metal engine housings from sheet metal for both mowers and tractors. Production of each product consists of five steps: stamping, drilling, assembly,...
A seal dives below the ice in search of fish. Its path can be modelled by where d is the depth in decameters and t the time in minutes. Use the equation above to answer questions about the seal's...
Instagram have recently entered the market. Due to the local elections politicians are anxious which of the Social Media they should use. It is estimated that of Facebooks customers 80% will remain...
What guidance can you find in the CECE Code of Ethics and Standards of Practice? Review the practice sections for each standard and the code of ethics.
Answer the following questions about Good and Neutral News Messages: a. What approach do you use to delivery good and neutral news? Inductive or Deductive? b. A college has announced the "Jeans for...
What is web unity? Have you ever encountered a company whose web page content did not match it's Facebook, Instagram, or Twitter content? What is Internet Brand Management? Locate a company or...
What is Active listening and what do u understand by encouraging Dialogue as a Manager how will you be implementing this at your workplace to make it an inclusive environment for your co-workers?...
What do you think does organization integrate "hard" and "soft" metrics when assessing performance and placement/promotion opportunities?
Q2 Find a basis for the null space of the following matrix [1 2 0 -1 -3 3 A 1 [1 2 2 4 -3 3 7 Hence find the rank and nullity of matrix A. 112 3.
14. In testing the existence assertion, an auditor ordinarily works from the a. Financial statements to the accounting records. b. General journal to the general ledger. c. Supporting evidence to the...
Find the matrix [T] CB of the linear transformation T : V W with respect to the bases B and C of V and W, respectively. Verify Theorem 6.26 for the vector v by computing T(v) directly and using the...
Find the parity check code vector for the binary vector u. u = [1, 0, 1, 1]
Use the method suggested by Exercise 20 to compute A -1 for the matrix A in the given exercise. Exercise 9 Data From Exercise 9 1 1 0 1 1 1 1
a. The equation of the Phillips curve from 1970 to 1995 is: \[\pi_{t}-\pi_{t-1}=7.4 \%-1.2 u_{t}\] Calculate and define the natural rate of unemployment using this curve. b. The equation of the...
Suppose that the mark-up of goods prices over marginal cost is $5 \%$, and that the wage-setting equation is: \[W=P(1-u)\] where $u$ is the unemployment rate. a. What is the real wage, as...
How can a lockdown result in stagflation? A lockdown can have three different effects: a. The first happens when demand during the lockdown decreases so that actual output, $Y_{t}$, falls exactly...

Derek borrows $32,311.00 to buy a car. He will make monthly payments for 6 years. The car

Question:

Expert Answer:

Calculating Dereks remaining car loan balance Heres how to find out how much Derek needs to pay the ... View the full answer

Linear Algebra A Modern Introduction

Students also viewed these accounting questions