All categories

3 years ago

6. Using the Loan Calculator and the 1.9% APR offer, how much will Molly’s monthly payment be?

Social Studies

1 answer:

Dafna11 [192]3 years ago

8 0

Answer:

The complete question is found below:

Molly saw the following deal on the Jeep website and is interested in calculating what her monthly payments ... If Molly has a $2500 down payment saved for this purchase, and assuming the $1500 Cash Allowance will apply... Use the loan calculator to determine how much will Molly's monthly payment be?

Note that the price of the cash as seen in the attached is $25,495

Repayment is for 84 months

Molly's monthly payment is $273.49

Explanation:

The amount of finance=car price-cash allowance-down payment

the amount of finance=$25,495-$1,500-$2,500=$21,495.00

Monthly payment can be determined using excel pmt formula

=pmt(rate,nper,-pv,fv)

rate is rate per month 1.9%/12=0.001583333

nper is 84 months

pv is the amount of finance which is $21,495.00

fv is the total repayment which is unknown

=pmt(0.001583333 ,84,-21,495,0)=$273.49

You might be interested in

Describe the most likely role of egf and the role of egfr in a cell signaling pathway. describe how the cellular response

dimaraw [331]

First we have to identify what are these things. the EGF is the Epidermal Growth Factor and the EGFR is the Epidermal Growth Factor Receptor. Epidermal Growth Factor Receptor is a protein that is a receptor in its family. Because of the binding of things like ligands, it is being activated by it.

7 0

3 years ago

Read 2 more answers

African American and Latino women consider racial/ethnic as well as gender discrimination in setting their priorities. In fact,

OLga [1]

Answer:

intersectionality

Explanation:

Feminist view: It focuses on understanding gender inequality and aims at power relations, gender politics, and sexuality. It promotes basic women's interests and rights in a particular society.

Intersectionality refers to the phenomenon that describes that human beings are often being disadvantaged or discriminated by various oppression sources including gender identity, religion, race, sexual orientation, class, etc.

In the question above, the given statement represents the "intersectionality".

4 0

3 years ago

He _____ requires that every bill, order, and resolution be presented to the president.

timofeeve [1]

The constitution, hope this helps!

5 0

3 years ago

Midland County has become a major thoroughfare for distributors of crystal methamphetamine. Sheriff Johnson has put together a p

Vlad [161]

Answer:

Universality argument

Explanation:

The term universality is the school of thought that universal facts exist and can be progressively discovered or revealed, in contrast to relativism. In certain theologies, universalism is the quality attributed to an entity whose subsistence is constant throughout the universe, and whose being is autonomous of and unconstrained by the things happening and conditions that make up the universe, such as physical locality and entropy.

Logically, or in consideration of compelling arguments, a suggestion is said to have universality if it can be considered as being true in all possible contexts with no room for creating a contradiction.

5 0

3 years ago

Identify and describe the four main types of financial assets.

sergejj [24]

Answer:

Modern economies have four main types of financial assets: bank deposits, stocks, bonds, and loans. Your Welcome!

7 0

3 years ago