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[DOC File]BALANCE OF PAYMENTS
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You can afford to make car payments of $650 per month. How much will the bank loan you at an annual interest rate of 13.5% on a 4 year loan? Enter: N = 48; I/Y = 1.125%; PMT = 650; FV = 0;CPT; PV. Answer: $24,006.21. You decide you want to save money for your retirement.
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[DOC File]SIMPLE INTEREST AND DISCOUNT - CNX
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3) You determine that you can afford $250 per month for a car. What is the maximum amount you can afford to pay for a car if the interest rate is 9% and you want to repay the loan in 5 years? 4) Compute the monthly payment for a house loan of $200,000 to be financed over 30 years at an interest rate of 10%.
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[DOCX File]Buying a Car
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If you can't pay the loan, they can take your house. But if you're sure you can afford it, a home equity loan is a great way to go because not only can you get a lower interest rate, your interest is tax deductible! The Internet As with everything else these days, you can shop for car loans on the Internet.
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[DOC File]“Can you Afford the Car of Your Dreams
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Total Price- Down Payment= loan amount. Total price of your car Loan amount with a $500 down payment Loan amount with a $1,000 down payment Loan amount with a $1,500 down payment Sales tax, title and registration. When you purchase a new car, you have 30 days to title and register the vehicle in your name. First, you must pay sales tax!
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[DOC File]How much can you afford for a car loan
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Total debts (Car payment +mortgage or rent, student loans, credit card payments, other installment loans, etc.) must be less than or equal to 40% of gross monthly income. Banks also typically want to see
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[DOC File]Can you afford your dream car - Kent
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Over three years ago, you leased your car for 39 months at $400 a month, and are deciding whether to trade it in, or buy the car with a 6.5% interest rate. Find the blue book value of your car now, and set up a loan for the current value of the car at the 6.5% rate for 5 years.
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[DOC File]How much can you afford for a car loan
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Total debts (Car payment +mortgage or rent, student loans, credit card payments, other installment loans, etc.) must be less than or equal to 40% of gross monthly income. Banks also typically want to see
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[DOCX File]SIMPLE INTEREST AND DISCOUNT
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Aug 28, 2016 · What is the maximum amount you can afford to pay for the car if the interest rate is 8.6% and you want to finance the loan over 5 years? 6) Mr. Nakahama bought his house in the year 1998. He had his loan financed for 30 years at an interest rate of 6.2% resulting in a monthly payment of $1500.
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How much can i afford car loan