Answer Happy

Posted: **Mon May 02, 2022 9:48 am**

: You Re Buying A Car For 28 000 And Assume The Monthly Payments Should Be No More Than 325 Month On A Five Year Loan I 1 (18.27 KiB) Viewed 35 times

: You Re Buying A Car For 28 000 And Assume The Monthly Payments Should Be No More Than 325 Month On A Five Year Loan I 2 (7.42 KiB) Viewed 35 times

: You Re Buying A Car For 28 000 And Assume The Monthly Payments Should Be No More Than 325 Month On A Five Year Loan I 3 (17.57 KiB) Viewed 35 times

: You Re Buying A Car For 28 000 And Assume The Monthly Payments Should Be No More Than 325 Month On A Five Year Loan I 4 (16.01 KiB) Viewed 35 times

You're buying a car for $28,000 and assume the monthly payments should be no more than $325/month on a five-year loan. If the annual quoted interest rate is 4.45%, how much must your down payment be in order to get a $325 monthly payment? (choose closest answer) About $6,000 About $17.000 About $520 About $10,000
Consider an auto loan for $50,000 that is to be repaid in equal monthly ments over a 5-year period. The loan's APR is 5.25%
Compute the monthly payment. O $5,220 O $5,720 $949.30 O $476.75 $969.04
What will the loan's balance be after the 33rd payment? $24,125 $25,874 $29,111 $31,812 $31,185