![taterbug3859](/avatars/14039.jpg)
taterbug3859
30.11.2019 •
Business
On january 1, year 1, aj borrows $41,000 to purchase a new vehicle by agreeing to a 4.0%, 6-year loan with the bank. payments are due at the end of each month with the first installment (vehicle payment) due on january 31, year 1. after completing the problem, round your answers to the nearest dollar. when inputting the monthly interest rate do not round it (use the math function in the spreadsheet/financial calculator). a. determine the monthly vehicle payment (installment)? b. determine the interest expense for the first car payment? c. how much of the payment will decrease the amount owed (principal)? d. after the first vehicle payment is made the amount owed on the vehicle would be? e. determine interest expense for the second car payment $?
Solved
Show answers
More tips
- L Leisure and Entertainment How to Find a Phone Number by Address: The Ultimate Guide...
- P Philosophy How to Properly Create a Vision Board?...
- C Computers and Internet What is Web 2.0 and How Does it Work?...
- S Style and Beauty Is Photoepilation the Solution to Unwanted Hair Forever?...
- O Other What is a Disk Emulsifier and How Does it Work?...
- F Family and Home What does a newborn need?...
- F Family and Home Choosing the Right Car Seat for Your Child: Tips and Recommendations...
- F Food and Cooking How to Get Reconfirmation of Registration?...
- C Computers and Internet How to Get Rid of Spam in ICQ?...
- A Art and Culture Who Said The Less We Love a Woman, the More She Likes Us ?...
Answers on questions: Business
- B Business All sources of income is also known as which of the following? a) gross income b)adjusted gross income c)taxable income d)whole income...
- B Business Cbs company invested in a project that is expected to have an annual cash flow of $10,000. the project s life is five years and has an irr of 14 percent. how much was...
- B Business For the majority of companies the most common increase in the cost of production results from rising...
- B Business How do you know which unit of a conversion factor must be in the denominator?...
- B Business DiskSan has to order high-end flash transistors to create USB flash memory drives. Their yearly demand is 300,000 units, with a standard deviation of 30,000. Orders...
- B Business Panther Co. had a quality-assurance warranty liability of $340,000 at the beginning of 2021 and $318,000 at the end of 2021. Warranty expense is based on 5% of sales,...
- B Business Which of the following is a correct statement? Group of answer choices Risk is a measure of magnitude or size. There is no relationship between materiality and risk...
- B Business The Arnold National Bank has a bond portfolio that consists of bonds with 5 years to maturity and a 9 percent coupon rate having a face value of $1,000. These bonds...
- B Business Analyzing and Recording Long-Lived Asset Transactions with Partial-Year Depreciation Palmer Cook Productions manages and operates two rock bands. The company entered...
- B Business The preferred method for situations where the cost and time estimates are important, in a fixed contract situation, and when the customer wants a lot of detail is the...
Ответ:
Get better bud
I wish you did what you were asked
I’m disappointed