Jamal's monthly payment for the car loan is $578.59.
Data and Calculations:
Amount of Jamal's auto loan = $30,000
Term of the auto loan = 5 years or 60 months
Interest rate payable = 5.9% APR
Monthly payment from an online financial calculator:
Monthly Pay = $578.59
Total Loan Amount = $30,000.00
Upfront Payment = $0.00
Total of 60 Loan Payments = $34,715.41
Total Loan Interest = $4,715.41
Total Cost = $34,715.41
Thus, Jamal will be making a monthly payment of $578.59.
Learn more about calculating monthly payments for auto loans at brainly.com/question/11866605
Answer:
$936.33 Million
Explanation:
Current sales = $525 millions
Growth rate = 7.5%
Number of years = 10 years
Sales after 8 year = Current sales x
Sales after 8 year = $ 525 million x
Sales after 8 year = $ 525 million x
Sales after 8 year = $ 525 million x
Sales after 8 year = $ 525 million x 1.783477826
Sales after 8 year = $ 936.33 million
Answer:
carbon paper
Explanation:
there is a yellow paper underneath that the ink is transferred to
Answer:
$65,076,885.59
Explanation:
We use the Present value formula that is shown in the spreadsheet attachment
Given that,
Future value = $0
Rate of interest = 6.5%
NPER = 10 years
PMT = $85,000,000 ÷ 10 annual payments = $8,500,000
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after solving this, the present value is $65,076,885.59
Answer:
6.01%
Explanation:
We use the RATE formula to determine the yield to maturity that is shown in the attachment
Given that,
Present value = $1,126
Assuming figure - Future value or Face value = $1,000
PMT = 1,000 × 9% = $90
NPER = 5 years
The formula is shown below:
= Rate(NPER,PMT,-PV,FV,type)
The present value come in negative
Therefore, the yield to maturity is 6.01%