TD Bank if offering John a new car loan for $35,000 at an interest rate of...

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TD Bank if offering John a new car loan for $35,000 at an interest rate of 12.25%. His contract is for 8 years.. a) What is the total amount of the loan for the car? b) What is the monthly payment due? B) If you borrow $25,000 from Bank of America at an interest rate of 10.25% and no payments are made on the loan, what is the amount after 5 years if the loan is compounded quarterly? C) If you have a chance to open an ordinary annuity by making monthly deposits of $500 for a period of 22 years, how much will this annuity be worth when it matures at an interest rate of 5.25%? TD Bank if offering John a new car loan for $35,000 at an interest rate of 12.25%. His contract is for 8 years.. a) What is the total amount of the loan for the car? b) What is the monthly payment due? B) If you borrow $25,000 from Bank of America at an interest rate of 10.25% and no payments are made on the loan, what is the amount after 5 years if the loan is compounded quarterly? C) If you have a chance to open an ordinary annuity by making monthly deposits of $500 for a period of 22 years, how much will this annuity be worth when it matures at an interest rate of 5.25%?

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A a The total amount of the loan would be 35000 the interest With an interest rate of 1225 over 8 ye... View the full answer