How much will molly's monthly payment be
Nettet11. mar. 2024 · Molly’s monthly payment by using the Bankrate calculator is $286 per month. It is given that The downpayment Molly has = $2500. Interest rate APR = 1.9% Cash allowance by dealer = $500 Selling price = $25,495 Loan tenure N= 7 years Amount of loan needed = 25495-2500-500 = $22495 What is Equated monthly payment (EMI)? Nettet3. jan. 2024 · How much will Molly’s monthly payment be? Expert's answer Molly’s monthly payment will be: Loan needed by Molly = 25495-2500-1500=\$21495 25495−2500 −1500 = $21495 Amount of Molly’s monthly payment = \frac {21495} {36}=\$597.08 3621495 = $597.08 Need a fast expert's response? Submit order and …
How much will molly's monthly payment be
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Nettetpayments) and the interest rate is 4% compounded monthly. a) What is the monthly payment? b) How much interest will be paid over the term of the loan? 18) $250,000 is borrowed for the purchase of a new home. The loan is for 30 years (360 payments) and the interest rate is 5.25% compounded monthly. a) What is the monthly payment? b) … Nettet6. aug. 2024 · Molly's monthly payment on her student loan will be $351. This is because she will have a standard 10-year repayment plan and she will be paying 5% interest on her loan. Her total loan amount is $40,500, which means that her interest payments will be $2,025 over the 10 years. In addition to her interest payments, Molly will also have to …
NettetThe main purpose of a budget is to. monitor and control income and expenses. Molly invested $5,000 in an account she expects will earn 7% annually. Approximately how … Nettet11. mar. 2024 · First and foremost, we have to calculate the loan that is need by Molly which will be: = $25495 - $2500 - $500 = $22495 At 1.9% APR, the monthly interest rate will be: = 1.9%/12 = 0.0112 =0.001583 Since the number of payments is 84, then the monthly payment of Molly will be: = 22495 × 0.001583 / (1-1/1.001583^84) = $286 …
NettetHow much loan does Molly need? Molly will need a loan of $1,000 Molly will need a loan of $ 1,000 2. How much will Molly’s monthly payment be? Last updated: 3/13/20 1 EXACT AMOUNT: $638.75 ROUNDED-OFF: $639 MSRP: $25,495 DP: $2,500 Months to pay: 36 months APR: 0% Procedure: $25,495 - $2,500 = $22,995 (MSRP - DP) …
Nettet20. des. 2024 · Molly's monthly payment will be $536.32. The Loan Calculator works by taking the loan amount (in this case, $30,000) and multiplying it by the APR (1.9%) divided by 12 (months). This calculation would be: $30,000 x (1.9%/12) = $536.32. Therefore, Molly's monthly payment will be $536.32.
NettetHow much will molly monthly payment be. Assignment Help Financial Accounting Reference no: EM132797343. Oh, boy! Look at that monthly payment from Question … ruralpowerky.comNettet14. mai 2024 · Loan Calculator. This loan calculator will help you determine the monthly payments on a loan. Simply enter the loan amount, term and interest rate in the fields … rural post office box regulationsNettetOption 1: Molly paying 0% APR for 36 months 1. If Molly has a $2500 down payment saved for this purchase, and assuming the $1500 Cash Allowance will come straight off the car’s price, how much of a loan does Molly need? 2. Molly doesn’t want to pay any interest, so she wants to see how much it would cost to pay off the car in the 36 … rural poverty and postsecondary educationNettet13. mar. 2024 · 2. How much will Molly’s monthly payment be? 3. How much total interest will Molly pay using this plan? 4. When Molly adds all of her payments, how much will the car cost her? P a r t I I : Ma y b e t h e 1 . 9 % i s m o r e m a n a ge a b l e ? Oh, boy! Look at that monthly payment from Question 2 above! Molly cannot afford … rural poverty in bangladeshNettetMolly definition, any of certain livebearing freshwater fishes of the genus Poecilia (formerly Mollienisia), popular in home aquariums. See more. rural poverty in haitiNettetShe has received three offers to purchase this 3D printer technology, as follows: a payment of $500,000 now, followed by annual payments of $120,000 at the end of years 6 through 15. a payment of $900,000 today a series of semiannual payments of $80,000 spread over the next 10 years. sceye eyewearNettetThe Payment Calculator can determine the monthly payment amount or loan term for a fixed interest loan. Use the "Fixed Term" tab to calculate the monthly payment of a fixed-term loan. Use the "Fixed Payments" tab to calculate the time to pay off a loan with a fixed monthly payment. For more information about or to do calculations specifically ... sc exteriors roofing and siding