You have $350.00 per month to spend on a car payment. If your credit union charged...
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You have $350.00 per month to spend on a car payment. If your credit union charged 5.5% interest on a used car, how much car can you purchase if you will only finance for 4 years? 8. If you want to purchase a home. You have $25,000 to put down. All you can afford is $1750.00 per month and you do not want to finance for more than 15 years @4.5%. Your taxes will be $85.00 per month and insurance $60.00 a month. What is the amount you can pay for your home? (Show all your work) You have $350.00 per month to spend on a car payment. If your credit union charged 5.5% interest on a used car, how much car can you purchase if you will only finance for 4 years? 8. If you want to purchase a home. You have $25,000 to put down. All you can afford is $1750.00 per month and you do not want to finance for more than 15 years @4.5%. Your taxes will be $85.00 per month and insurance $60.00 a month. What is the amount you can pay for your home? (Show all your work)
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SOLUTION 7 To determine how much car you can purchase with a 350 monthly payment and a 55 interest r... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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