1.You have accumulated $1177.99 in credit card debt. Your interest rate is 12.95% per year and you...
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1.You have accumulated $1177.99 in credit card debt. Your interest rate is 12.95% per year and you will pay it off in 55 months. what will be your monthly payment?
2.You want to purchase a car that costs $25390. You can afford $1929 as a down payment and will borrow the rest. The bank has offered you a rate of 4.17% on a 4-year loan. What is your monthly payment?
3.You will invest $94 per month. If the rate is 7.29%, how much will you have in 8 years?
4.You will invest $200 per year. If the rate is 7.53%, how much will you have in 19 years?
Related Book For
Engineering Economic Analysis
ISBN: 9780195168075
9th Edition
Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle
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