5000 loan calculator
[DOCX File]Task: Present Value Analysis
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The terms are: $5000 loan made at a 10% rate of interest (APR), to be repaid in equal monthly installments over 3 years. a. What is the value of the monthly fixed payment on your auto loan?
[DOC File]Determine through investigation using technology the ...
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4. Nadia borrows $5000 and pays off the loan over 4 years in monthly payments. She is charged 7.2% interest/ compounded monthly. a) What are her regular payments? b) How much does she pay in total to cover the loan? 5. Nadia borrows $5000 and pays off the loan …
[DOC File]A&W MATH 11: PERSONAL LOANS, LINES OF CREDIT, AND …
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-to make calculations easier, sometimes they use a personal loan calculator (ie: pg 320 in workbook).-the personal loan calculator is based on interest that is compounded. ex: Kevin bought an Acura MDX for $65,000. He put a downpayment of $5000…
[DOC File]Determine through investigation using technology the ...
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10. CIBC offers $5000 loan at 7% per year, compounded annually for five year. TD offers a $5000 loan at 8% per year, compounded annually for four years. Which loan has a greater cost? Explain. 6097.25, 6038.4 – the second one costs less because you are paying it off faster) Which loan …
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