Question: please answer this question in one hour i am having exam please Question 21 (6 points) Jian buys a car for $25,000 and makes a

please answer this question in one hour i am having exam please

Question 21 (6 points) Jian buys a car for $25,000 and makes a down payment of $3,000 and monthly payments of $500 thereafter at 5% c.m.. He misses the 10th, 11th and 12th payment. Determine the LUMP SUM payment required on the date of the 13th payment to bring the loan back up to date

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 Mathematics Questions!

will you please answer few QUESTION 1 Mimosa Ltd expects sales revenue of R20 000 and total current assets amounting to R5 000 for the coming year The company also aims to achieve the following...

Final Exam - MGMT 650 Fall 2016 Directions: Please answer all questions. There are 30 questions and the exam is worth 20% of your total grade. The questions are not equally weighted. The point value...

please I dont know the aswers and need help, seriously suck.. Question 3 Moving to another question will save this response. Question 3 3 points On November 1, Alan Company signed a 120-day, 12 note...

Final Exam - HIMS 650 Fall 2015 SOLUTIONS Directions: Please answer all questions. There are 14 questions and the exam is worth 25% of your total grade. The questions are not equally weighted. The...

please answer these question. Maste Aga AMYUASS Que20 X 3 Notaux nutruction wit 12.gadangusele/questart.frame autotalou-2500331 ispredreg-24517061cflOdnbs from 80 Performance Final 2021 Est. Length:...

CLOSING ARGUMENTS A Closing Argument should: 1. Repeat your theory and theme of the case 2. Summarize the evidence that preceded it 3. Relate the evidence to the law and the legal issues (i.e....

MATH 106 Week 8 LEO Discussion Topic Exercises Version: 2015-1 Linear Programming 1. Graphically solve the following: Maximize , subject to: f 6x y 2. x y 8 3x y 0 y 0 Solve the given linear...

Defense Cross Examination of Corey Hyde 1. D: \"Mr. Hyde, is it true when you originally acquired your position as Avery Bancroft's assistant at the Black Bear Casino, you were not thrilled at the...

Note: please answer all question correctly as it is very important Question 1: Activity Based Costing (25 marks) The Try Corporation has a machining facility specializing in jobs for the...

Formula Calculations 10 Marks Given the Information below, answer each question in thegrayed space provided. Question 3.1 Find the monthly car payment given the information below. 2 marks (hint...

Tagong Gubat Amusement Park wishes to advertise the new attractions that have been recently added. The alternatives being considered are television, radio, and newspapers. The table below lists the...

The United States Census Bureau tracks foreign trade statistics. Visit the site at www.census.gov/foreign-trade and find the most recent versions of the report Profile of U.S. Exporting Companies by...

ACY Limited ( ACY ) received a purchase order from a customer for a batch of inventory on 1 March 2 0 X 1 . After a week s discussion, a contract was signed by both parties for the sales of goods on...

Please help, I'm having a really hard time with the tables To compute the tax using the percentage method for Manual Payroll Systems with Forms W-4 from 2020 or Later using Standard Withholding Rate...