Please help, all other answers have been incorrect. Calculate the payments based on financing the balance using
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Question:
Please help, all other answers have been incorrect.
Calculate the payments based on financing the balance using the interest rates which are all listed below. There should be total payments.
AMOUNT TO BE FINANCED$
PAYMENT FREQUENCYMONTHLY
Months
Months
Months
Also
Calculate total interest paid. Answer the following questions.
Hint: Total int. paid monthly paymentnumber of paymentsAmount borrowed
How much total additional interest over the life of the loan will the person who finances the vehicle for months pay versus the person who finances the vehicle for months
How much total additional interest over the life of the month loan must a person pay who has weaker credit and is required to pay the rate versus a person who receives the lowest current interest rate?
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