Question 6 Or 0 039 Or 0 039 12 Use The Following Information To Answer The Question That Follows Bilbo Buys A New Car 1 (67.13 KiB) Viewed 56 times
Question 6 Or=0.039 Or-0.039/12 Use the following information to answer the question that follows: Bilbo buys a new car that costs $23,000. He takes out a loan at 3.9% compounded monthly. What are his monthly payments if the loan is for 4 years? For the question above, what is the value of r? Or=3.9 Or=0.039/4 Or=0.39 ◄ Previous 13. APY--1 14.-In(APY +1) 1 pts Not sav
D Question 4 O $105433 O $64352.16 O $45167.23 O $67862.4 O $127108.38 13. APY--1 14. r-In(APY +1) The Ahmeds purchase a house for $140,000 by making a 25% down payment and borrowing the rest. They will make monthly payments for 15 years at 5.3% compounded monthly. After 11 years, they still owe $84567 (rounded to the nearest dollar). How much equity do they have in the house if the house is now worth $190000? revious 3 pts Not saved
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