Fatima just borrowed 83,364 dollars. She plans to repay this loan by making a special payment of

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

Question:

Fatima just borrowed 83,364 dollars. She plans to repay this loan by making a special payment of 29,387 dollars in 7 years and by making regular annual payments of 13,147 dollars per year until the loan is paid off. If the interest rate on the loan is 17.93 percent per year and she makes her first regular annual payment of 13,147 dollars immediately, then how many regular annual payments of 13,147 dollars must Fatima make? Round your answer to 2 decimal places (for example, 2.89, 14.70, or 6.00).

Allysha just borrowed 46,600 dollars. She plans to repay this loan by making a special payment of 7,100 dollars in 4 years and by making regular annual payments of 6,500 dollars per year until the loan is paid off. If the interest rate on the loan is 8.78 percent per year and she makes her first regular annual payment of 6,500 dollars in one year, then how many regular annual payments of 6,500 dollars must Allysha make? Round your answer to 2 decimal places (for example, 2.89, 14.70, or 6.00).

Brenna wants to buy a car that is available at two dealerships. The price of the car is the same at both dealerships. Best Buggies would let her make quarterly payments of $2,250 for 5 years at a quarterly interest rate of 3.82 percent. Her first payment to Best Buggies would be due immediately. If California Cars would let her make equal monthly payments of $920 at a monthly interest rate of 1.35 percent and if her first payment to California Cars would be in 1 month, then how many monthly payments would Brenna need to make to California Cars? Round your answer to 2 decimal places (for example, 2.89, 14.70, or 6.00).

Aldo wants to borrow $12,000 from the bank and is choosing among two possible loans. The interest rate on both loans is 1.4 percent per month. Loan A would require him to make 60 equal monthly payments, with the first payment made to the bank in 1 month. Loan B would also require him to make equal monthly payments to the bank. However, 1) the monthly payment associated with loan B would be $30 less than the monthly payment associated with loan A, and 2) the first monthly payment for loan B would be made to the bank later today. How many monthly payments to the bank must be made with loan B? Round your answer to 2 decimal places (for example, 2.89, 14.70, or 6.00).