Calculate, to the nearest cent, the future value FV (in dollars) of an investment of $10,000...

 

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Calculate, to the nearest cent, the future value FV (in dollars) of an investment of $10,000 at the stated interest rate after the stated amount of time. 12.9% per year, compounded monthly, after 14 years FV = $ 10. [-/2 Points) DETAILS 0/2 Submissions Used MY NOTES PRACTICE ANOTHER A $15,000 car is purchased with a 8%-per-year loan with payments of $300 per month. Determine how many payments must be made to pay off the loan. (Round your answer to the nearest whole number.) payments You can lease a 15,000 car for $300 per month. For how long (to the nearest year) should you lease the car so that your total cost is lower than if you were purchasing it with a 8%-per-year loan? You should lease the car for years or less. Calculate, to the nearest cent, the future value FV (in dollars) of an investment of $10,000 at the stated interest rate after the stated amount of time. 12.9% per year, compounded monthly, after 14 years FV = $ 10. [-/2 Points) DETAILS 0/2 Submissions Used MY NOTES PRACTICE ANOTHER A $15,000 car is purchased with a 8%-per-year loan with payments of $300 per month. Determine how many payments must be made to pay off the loan. (Round your answer to the nearest whole number.) payments You can lease a 15,000 car for $300 per month. For how long (to the nearest year) should you lease the car so that your total cost is lower than if you were purchasing it with a 8%-per-year loan? You should lease the car for years or less.

Answer rating: 100% (QA)

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