You borrowed $23172 to buy a car. If you pay $449.06 per month, you will pay it
Question:
You borrowed $23172 to buy a car. If you pay $449.06 per month, you will pay it off after making 69 payments. How much total interest will you pay?
You plan to start investing and will invest $96.89 per month. You will make your first deposit today. If the rate is 8.4%, how much will you have in 17 years?
If you pay the minimum payment per month of $45.32 on your credit card, you will pay it off after making 100 payments. If you pay $10 more per month, you will pay it off 32 months sooner. How much total interest will you save?
An investment that will give you monthly payments for 12 years costs $126321.00. If your required return is 9.6%, what is the monthly payment?
Personal Financial Planning
ISBN: 978-1305636613
14th edition
Authors: Randy Billingsley, Lawrence J. Gitman, Michael D. Joehnk