Laura drives a 2015 BMW with a blue book value of $19,000 (fully paid for), while John just bought a 2019 BMW M5 SUV last Fall (September 2019) that cost him $46,500. He was miserable when he checked his new SUV's blue book value and saw that the value had depreciated to $39,900 in the short time he has had the vehicle.  His original loan was for a loan balance of $38,000, financed for 5 years at 3.75%.  His monthly payment is? and the loan balance is?  John also owns a 2009 BMW motorcycle, which he thinks is worth $7,000.  He bought it about two years ago for $9,900, and financed it for four years at 5.99%.  He still owes? on the bike after 24 payments, and his payments are? per month.  John's combined vehicle insurance for both his car and motorcycle averages $275/month, while Laura's auto coverage is $205 monthly.

Answer rating: 100% (QA)

To calculate Johns monthly payment and loan balance for his 2019 BMW M5 SUV we can use the loan details provided The loan amount was 38000 financed fo... View the full answer