Suppose Capital One is advertising a 60-month, 5.89 % APR motorcycle loan. If you need to borrow $ 9 comma 400 to purchase your
1 answer:
Answer:
My Monthly payment will be $181.25
Explanation:
A loan provide funds for acquisition of asset and for investment purposes and its allows the arrangement for flexible repayments throughout the loan period based on terms agreed between the lender and borrower.
Following Formula used to calculate the installment payment.
Loan = Payment x
9,400 = Payments x
9,400 = Payment x 51.863
Payments = 9,400 / 51.863
Payments = 181.25
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Answer:
number of share 30,000 share
price per share = $90
Explanation:
given data:
investor's share = 5%
outstanding share =400,000
stock split = 3/2
number of share after spliting = investor share* outstanding share* stock split
= 5%*400,000*(3/2)
= 30,000 share
per share price can be determined by using following relation:
= $90