User Account

All Pages

What is the effective annual rate charged

Assignment Help Basic Computer Science
Reference no: EM131205810

Prof. Finance decides to buy a Nissan Maxima. After paying a down payment and taxes, Prof. Finance can finance the rest of the purchase price with a loan of $32,000 for 60 months at a special finance rate offered by Nissan or 0.9% APR compounded monthly. Answer the following.

1. What is the effective annual rate charged on this car loan?

2. What would be Prof. Finance's monthly payment under this loan?

3. Prof. Finance also discovers instead of the special finance rate he could receive $1500 cash back that he can use as an additional down payment which would lower his loan amount by the cash back amount. At what APR would Prof. Finance have the same monthly payment with the cash back option as he would with the special finance rate offer that you found in the last question?

4. Prof. Finance finds he can get 2.0% APR Financing if he elects the cash back option. What will his monthly payment be under this option and should he elect this cash back option over Nissan's special APR financing option?

Reference no: EM131205810

Questions Cloud

Determine the value of r resulting in maximum power : Determine the value of R resulting in maximum power to R and the maximum power to R.- Plot VR and IR versus R, and find the value of each under maximum power conditions.
Bond issue under each of independent assumptions : Complete the below table to calculate the price of a $2.0 million bond issue under each of the following independent assumptions (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided..
Aware of the potential increase in sales : Over the past decades, companies have become more aware of the potential increase in sales that may occur by extending products and services to foreign markets.
How do christian parenti and loic wacquant agree or disagree : How do these methods of social control differ from those used in the previous era of Fordism. How do Christian Parenti and Loic Wacquant agree or disagree on the role of the carceral system today?
What is the effective annual rate charged : 1. What is the effective annual rate charged on this car loan? 2. What would be Prof. Finance's monthly payment under this loan?
Make your first withdrawal at the end of year : You deposit $18809.0 at the end of each year, increasing the amount by $3018.0 each subsequent year, into an account paying 6.0% compounded annually for 13.0 years. You then stop making deposits and leave the money in the account to accrue interest. ..
How much value did the management : Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest dollar, if necessary.
Respective bases in their partnership interests at the end : Bobbie and Fran are partners in the Quick Freeze partnership, owning respectively 60 percent and 40 percent of the partnership's capital and profits. At the beginning of the 2015, their bases in their partnership interests were $18,000 and $12,000, r..
Debate which is more important to a victim : Examine the significant manner in which the Crime Victims' Rights Act protects the rights of crime victims. Provide your opinion of the effectiveness of this piece of legislation. Justify your response.

Reviews

Write a Review

Basic Computer Science Questions & Answers

  Identifies the cost of computer

identifies the cost of computer components to configure a computer system (including all peripheral devices where needed) for use in one of the following four situations:

  Input devices

Compare how the gestures data is generated and represented for interpretation in each of the following input devices. In your comparison, consider the data formats (radio waves, electrical signal, sound, etc.), device drivers, operating systems suppo..

  Cores on computer systems

Assignment : Cores on Computer Systems:  Differentiate between multiprocessor systems and many-core systems in terms of power efficiency, cost benefit analysis, instructions processing efficiency, and packaging form factors.

  Prepare an annual budget in an excel spreadsheet

Prepare working solutions in Excel that will manage the annual budget

  Write a research paper in relation to a software design

Research paper in relation to a Software Design related topic

  Describe the forest, domain, ou, and trust configuration

Describe the forest, domain, OU, and trust configuration for Bluesky. Include a chart or diagram of the current configuration. Currently Bluesky has a single domain and default OU structure.

  Construct a truth table for the boolean expression

Construct a truth table for the Boolean expressions ABC + A'B'C' ABC + AB'C' + A'B'C' A(BC' + B'C)

  Evaluate the cost of materials

Evaluate the cost of materials

  The marie simulator

Depending on how comfortable you are with using the MARIE simulator after reading

  What is the main advantage of using master pages

What is the main advantage of using master pages. Explain the purpose and advantage of using styles.

  Describe the three fundamental models of distributed systems

Explain the two approaches to packet delivery by the network layer in Distributed Systems. Describe the three fundamental models of Distributed Systems

  Distinguish between caching and buffering

Distinguish between caching and buffering The failure model defines the ways in which failure may occur in order to provide an understanding of the effects of failure. Give one type of failure with a brief description of the failure

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd