35. Mr. Kaaai wants to buy a car by borrowing money from a finance company that...
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35. Mr. Kaaai wants to buy a car by borrowing money from a finance company that charges add-on (flat rate) interest. add-on rate 4% percentage per year Price of the car 800,000 baht Down payment (cannot borrow Buyers must pay themselves) 3% Percent Loan period by paying back every month for 6 years How much will Mr. Kai have to pay per month? And what is the percentage of EAR borrowing costs per year? (Installment number, rounded, no decimal) (EAR number, two decimal places) Loan 776,000 Monthly Installment = ............Baht per month periodic rate 0.61% percentage per month EAR (two decimal places) =........... Annual percentage 35. Mr. Kaaai wants to buy a car by borrowing money from a finance company that charges add-on (flat rate) interest. add-on rate 4% percentage per year Price of the car 800,000 baht Down payment (cannot borrow Buyers must pay themselves) 3% Percent Loan period by paying back every month for 6 years How much will Mr. Kai have to pay per month? And what is the percentage of EAR borrowing costs per year? (Installment number, rounded, no decimal) (EAR number, two decimal places) Loan 776,000 Monthly Installment = ............Baht per month periodic rate 0.61% percentage per month EAR (two decimal places) =........... Annual percentage
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