Question: Hello! please answer all parts to the question clearly please its sometimes hard to understand the experts please thank you! provide the answer TO EACH

Hello! please answer all parts to the question clearly please its sometimes hard to understand the experts please thank you!
provide the answer TO EACH QUESTION CLEARLY please!!!
PLEASE CLEARLY LABLE THE ANSWER
 Hello! please answer all parts to the question clearly please its
sometimes hard to understand the experts please thank you! provide the answer

You have just purchased a car and taken out a $39,000 loan. The loan has a five-year term with monthly payments and an APR of 6.1% a. How much will you pay in interest, and how much will you pay in principal, during the first month, second month, and first year? (Hint: Compute the loan balance after one month, two months, and one year.) b. How much will you pay in Interest, and how much will you pay in principal, during the fourth year (ie, between three and four years from now)? (Note: Be careful not to round any intermediate steps less than six decimal places.) CE a. How much will you pay in interest, and how much will you pay in principal, during the first month, second month, and first year? (Hint: Compute the loan balance after one month, two months, and one year) During the first month, you will pay $ in principal. (Round to the nearest cent) During the first month, you will pay sin interest. (Round to the nearest cont.) During the second month, you will pay In principal. (Round to the nearest cont.) During the second month, you will pay $(in interest. (Round to the nearest cont.) During the first year, you will pay $ in principal, (Round to the nearest cent) During the first year, you will pay $in interest (Round to the nearest cont.) b. How much will you pay in interest, and how much will you pay in principal, during the fourth year (ie, between three and four years from now)? During the fourth year you will pay $ in principal. (Round to the nearest cont.) During the father will no el in internet and in the netrant TUV just purchased a car and taken out a $39.000 loan. The loan has a five-year term with monthly payments and an APR of 6.1%. a. How much will you pay in interest, and how much will you pay in principal, during the first month, second month, and first year? (Hint Compute the loan balance after one month, two months, and one year.) b. How much will you pay in interest, and how much will you pay in principal, during the fourth year (i .., between three and four years from now)? (Note: Be careful not to round any intermediate steps less than six decimal places.) balance after one month, two months, and one year.) During the first month, you will pay $ in principal. (Round to the nearest cent.) During the first month, you will pay sin interest. (Round to the nearest cont.) During the second month, you will pay sin principal. (Round to the nearest cent) During the second month, you will pay in interest (Round to the nearest cont.) During the first year, you will pay $ in principal. (Round to the nearest cent.) During the first year, you will pay $ in interest. (Round to the nearest cent.) b. How much will you pay in interest, and how much will you pay in principal, during the fourth year (1.0., between three and four years from now)? During the fourth year you will pay $ in principal. (Round to the nearest cont.) During the fourth year, you will pay sin interest. (Round to the nearest cent.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!