How many more payments would we need to give

Reference no: EM13271932

We buy a car for $30,000. They charge us 4% annual interest. We pay the loan off quarterly. We want to know the effective annual ROR and the quarterly amount to pay off the loan in 6 years. Furthermore, if we had enough after 2 years, how much do we need to give the lender to amortize? If we gave the lender $4,000 in addition to our regular amount after 3 years, How many more payments would we need to give?

Reference no: EM13271932

Questions Cloud

What is the acceleration of the proton : A proton (q=1.6x10^-19 columbs) and mass = 1.67x10^-27 kg is placed 5 cm away from the center of a charged, What is the acceleration of the proton

Discuss the development of the arab-israeli conflict : Discuss the development of the Arab-Israeli conflict over Palestine focusing on the period from the late nineteenth century until the creation of Israel in 1948.

What factors influence a u.s. business firm to go overseas : What factors would influence a U.S. business firm to go overseas? Prepare a 250- to 300-word analysis and feel free to incorporate your consideration for non-financial factors.

Determine the acceleration of the textbook : Place a 2kg textbook against a vertical wall and press on it with a force of 40 N. determine the acceleration of the textbook

How many more payments would we need to give : Furthermore, if we had enough after 2 years, how much do we need to give the lender to amortize? If we gave the lender $4,000 in addition to our regular amount after 3 years, How many more payments would we need to give?

Explain camp activates an enzyme phosphorylase : This cAMP activates an enzyme phosphorylase that splitsglycogen, releasing glucose that is rapidly metabolized, replenishing the ATP supply.Devise a model of this control loop and determine conditions under which theproduction of ATP is oscillator..

What is the value of the option to abandon the project : Now find the NPV of this project when taking the abandonment option into account.

Find the maximum allowable current iz in single-loop circuit : If a single-loop circuit consists of an ideal 15-V dc source VS, a variable resistor R and the described Zener diode, find the range of values of R for which Zener diode remains in constant reverse breakdown with no danger of failure.

Compute the final pressure of the gas : 0.60mol of argon gas is admitted to an evacuated 70cm3 container at 10 ?C. The gas then undergoes an isochoric heating to a temperature of 500 ?C. compute the final pressure of the gas

User Account

All Pages