You bought a Tesla Model 3 for $52261 and the auto. Loan is 60-month fixed rate loan

Fantastic news! We've Found the answer you've been seeking!

Question:

You bought a Tesla Model 3 for $52261 and the auto. Loan is 60-month fixed rate loan with interest rate of 2.4% per year.

What is your monthly payment?

Related Book For answer-question

Contemporary Engineering Economics

ISBN: 978-0136118480

5th edition

Authors: Chan S. Park

See More Books

Posted Date: Jun 13, 2023 02:52 AM

See More Questions

Alice, 33, and Peter, 33, are married with two young kids. They saved a lot in the last few years and recently purchased a townhouse in City of Vancouver. Now they come to you for financial advice in...
Calculate all of the problems in the document below in an Excel spreadsheet or on a financial calculator. Please show your work in order to get credit. For each problem, state the inputs given, what...
You have completed your first meeting with Harper and Riley Evans. You are confident that you now have most of the information you will need to prepare a comprehensive financial plan for them. Beyond...
The boundedness theorem shows how the bottom row of a synthetic division is used to place upper and lower bounds on possible real zeros of a polynomial function. Let P(x) define a polynomial function...
Boyles Law states that when a sample of gas is compressed at a constant temperature, the product of the pressure and the volume remains constant: PV = C. (a) Find the rate of change of volume with...
The standard reaction enthalpy for the decomposition of CaCI2NH3(s) into CaCl2 (s) and NH3 (g) is nearly constant at +78 k] rnol-1 between 350 K and 470 K. The equilibrium pressure of NH3 in the...
S & S Janitorial, Inc., paid $$600$ for supplies and purchased additional supplies on account for $$800.$ S & S Janitorial, Inc., also paid $$300$ of the accounts payable. What is the balance...
The following pension-related data pertain to Metro Recreations noncontributory, defined benefit pension plan for 2006: Projected benefit obligation Accumulated benefits obligation Plan assets (fair...
Question 2 The lan Austin Corporation had the following information available at the end of 20X2 lan Austin Corporation Income statement For the Year ended December 31, 20x2 Sales Cost of Goods Sold...
The following selected accounts and their current balances appear in the ledger of Druid Hills Co. for the fiscal year ended May 31, 20Y8: Cash .......................................... $ 290,800...
Your final will consist of an individual development plan. My intent is for you to produce an actionable roadmap to improve your leadership capabilities. Your ultimate goal is to identify your most...
Calculate the required parameters for aircraft flying at 5 0 0 0 m above from the ground. ( p = 0 . 7 3 6 kg / m ^ 3 ) a ) If total static pressure difference is read as 2 kPa, calculate the velocity...
Add the polynomials 2x3 + x-3 and 2x+4x-1.
The cost of the machine is $14,859. The CCA rate is 23%. After 8 years, the machine is sold for $658. If it is the only asset in the asset class and the tax rate is 40%, what is the TRTL? (Assume...
Materials issued for the current month are as follows: Requisition No. 201 202 203 204 205 Material Job No. Amount Aluminum 500 $88,700 Plastic 503 27,600 Rubber 504 3,650 Glue Indirect 2,250 Steel...
A frictionless flow pipe has an ideal fluid flowing at a rate of 250 ft3 /sec. The inlet to the pipe is 5 ft in elevation and 2 ft in diameter. Over the 20 ft pipe, the elevation changes to 10 ft to...
Harmoni Bhd. processes raw material in Department 1 from which come two main products, A and B, and a by-product, C. A is further processed in Department 2, B in Department 3, and C in Department 4....
10m solution. If Ka(HA) = 10 then pOH of solution will be [Given : log4=0.6] (A) 6.7 (B) Greater than 6.7 & less than 7.0 (C) Greater 7.0 & less than 7.3 (D) Greater than 7.3
Birmingham Steel, Inc. is considering whether to buy conventional 25-HR 230-V, 60-Hz, 1800-rpm induction motors in its plant or modern premium efficiency (PE) motors with the same specifications....
You wish to sell a bond that has a face value of $ 1,000. The bond bears an interest rate of 7%, which is payable semiannually. Four years ago, the bond was purchased at $950. At least an 8% annual...
The B&E Cooling Technology Company, a maker of automobile air-conditioners, faces a three-year deadline to phase out the traditional chilling technique, which uses chlorofluorocarbons (CFCs)- a...
What client actions might cause a CPA to terminate an existing client relationship?
Try-Hard Company was organized in early January of 19X7. The company is in the business of taking computer chips from discarded personal computers and making vases and other items that are used to...
How do auditors often determine their anticipated reliance on the internal control structure?

You bought a Tesla Model 3 for $52261 and the auto. Loan is 60-month fixed rate loan

Question:

Expert Answer:

M P r 1 rn 1 rn 1 Where M Monthly payment P Principal amount l... View the full answer

Contemporary Engineering Economics

Students also viewed these finance questions