Question: question 17 ,18 for math 123 17. Consider purchasing a car that has a price of $18,700. You make payments for 6 years at an
question 17 ,18 for math 123
17. Consider purchasing a car that has a price of $18,700. You make payments for 6 years at an APR of 2.2% A. If you paid a 10% down payment, what would you need to take out for their loan? B. Using Excel, the monthly payments are $249.73. How much will be paid over the entire loan? C. How much interest is paid over the entire length of the loan? 18. You decide to contribute $180 into a retirement account at 2.9% annually. A. What could you type in Excel to find the total of the retirement after 42 years? B. Using Excel, the total in the account is $176,930.56. How much interest have you gained
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
