Answer Happy

1 1 point A car costing $50,000 is being purchased with an 5-year auto-loan with annual interest 4.8% compounded monthly. The down-payment is 10%. What's the monthly payment? Type your answer... 2 1 point A car costing $50,000 is being purchased with an 5-year auto-loan with annual interest 4.8% compounded monthly. The down-payment is 10%. After making monthly payments for 2 years, the owner wants to pay off the remainder of the loan in one lump-sum. What would the lump sum be? Type your answer... 3 1 point A car costing $50,000 is being leased with an 3-year lease with annual interest 4.8% compounded monthly. The down-payment is 10%. The car has a residual value of 50% of the original price of the car. What's the monthly lease payment? Type your answer... 4 1 point A 6-year loan of $50,000 carries an annual interest 10% paid semi-annually. What's the semi-annual payment? Type your answer... 5 1 point A 6-year loan of $50,000 carries an annual interest 10% paid semi-annually. What's the loan balance after 1 year? Type your answer... -DO --DO