You want to buy a new sports coupe for 75600 and the

Assignment Help Financial Accounting

Reference no: EM13376376

You want to buy a new sports coupe for $75,600, and the finance office at the dealership has quoted you a loan with an APR of 8 percent for 48 months to buy the car.

Requirement 1:

What will your monthly payments be? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Requirement 2:

What is the effective annual rate on this loan? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations.

Reference no: EM13376376

Questions Cloud

Notes receivable with unrealistic interest rate on december : notes receivable with unrealistic interest rate on december 31 2009 hurly co. performed environmental consulting

Conwell company manufactures its product vitadrink through : conwell company manufactures its product vitadrink through two manufacturing processes mixing and packaging. all

Frederic chopin corporation is preparing its december 31 : frederic chopin corporation is preparing its december 31 2008 balance sheet. the following items may be reported as

One of your customers is delinquent on his accounts payable : one of your customers is delinquent on his accounts payable balance. youve mutually agreed to a repayment schedule of

You want to buy a new sports coupe for 75600 and the : you want to buy a new sports coupe for 75600 and the finance office at the dealership has quoted you a loan with an apr

An investment offers 8800 per year for 14 years with the : an investment offers 8800 per year for 14 years with the first payment occurring 1 year from now. assume the required

In 2014 mordica co issued 300000 of its 500000 authorized : in 2014 mordica co. issued 300000 of its 500000 authorized shares of 10 par value common at 35 per share. in january

Total payroll of walnut co was 184000 of which 320000 : total payroll of walnut co. was 184000 of which 320000 represented amounts paid in excess of 106800 to certain

On january 12014 oaken furniture co issued 700000 of 10 : on january 12014 oaken furniture co. issued 700000 of 10 bonds and received cash totaling 795141. interest is payable

User Account

All Pages