Answer:
a) Total Interest Paid in 24 months is $1680
b) Total Cost of the car is $12180
c) Monthly Payment is $420
d) Annual Percentage Rate is 10.47%
Explanation:
(a) Loan Amount = $8400
Interest Rate = 10%
Monthly Interest = 8400 x (10%/12)
= $70
Total Interest Paid in 24 months = 24 x 70
= $1680
(b) Total Cost of the car = Loan Amount + Interest Paid + Down payment
= 8400 + 1680 + 2100
= $12180
(c) Monthly Principal Payment = 8400/24
= $350
Monthly Payment = Monthly Interest Payment + Monthly Principal Payment
= 70 + 35
= $420
(d) Annual Percentage Rate = (1+ 0.10/12)12 - 1
= 0.1047
= 10.47%
More advantages when domestic monetary and political institutions are not conducive to good monetary policy making.
The answer is the Real Estate Settlement Procedures Act or
RESPA. This act was intended to defend possible property holders and allow them
to become more intelligent consumers. RESPA necessitates that creditors provide
bigger amounts of information to potential borrowers at certain points in the
loan settlement process. It also forbids the innumerable parties involved from
paying kickbacks to each other.
Answer:
Correct option is A.
<u>The lawyer should make a motion for summary judgement</u>
Explanation:
A movement for rundown judgement is Sled offer the disclosure procedure attesting that no truthful debates exist and that if the appointed authority applied the law to the undisputed realities, her solitary sensible choice would be agreeable to the moving party.
2040 I think because 2 percent of 2000 is 40 so you add 2000+40 and you get 2040
