Mathematics, 28.10.2020 23:50 milagritomiracle

I'LL MARK AS Gary took out a 6-year car loan for $18,800 to be paid back with monthly payments at a 13.2% APR, compounded monthly. The loan offers no payments for the first 18 months. Gary is wondering how much he will pay in interest on the loan. Help him figure out the answer. Part I: What is the periodic interest rate of Gary's car loan?
Part II: What is the total amount that Gary will owe when he starts making payments?
Part III: How many monthly payments will Gary have made once his loan is paid off?
Part IV: What will Gary's monthly payment be after 18 months?
Part V: What is the total amount that Gary will pay for the car loan?
Part VI: How much will Gary pay in interest for the car loan?

Answers: 3

Show answers

Other questions on the subject: Mathematics

Mathematics, 21.06.2019 13:40, aronrobinson4

1234567891011 match the reasons with the statements in the proof. given: j | | k m 1 = m 3 prove: l | | m 1. j||k, m∠3 = m∠1 if lines are ||, then corresponding angles are =. 2. m∠1 = m∠2 if alternate interior angles are =, then lines are ||. 3. m∠2 = m∠3 substitution 4. l||m given

Answers: 3

continue

Mathematics, 21.06.2019 19:00, campbellkruger

If olu is twice as old as funmi if the sum of their ages is 60 how old is olu

Answers: 1

continue

Mathematics, 21.06.2019 19:40, payshencec21

Which of the following three dimensional figures has a circle as it’s base

Answers: 2

continue

Mathematics, 21.06.2019 21:30, theoretical0315

Julie goes to the sports store and spends $40.50 before tax. she buys a pair of shorts for $21.75 and 3 pairs of socks that each cost the same amount. how much does each pair of socks cost? $$

Answers: 1

continue

You know the right answer?

I'LL MARK AS Gary took out a 6-year car loan for $18,800 to be paid back with monthly payments at a...