How much will molly's monthly payment be
NettetMolly fish cost $2–$4 per fish. Molly fish are generally inexpensive and easy to get, making them popular among beginner and expert fishkeepers alike. With that said, the … Nettet27. mar. 2024 · 2 1833 3 24.02.2024 20:10 1. Molly has a $2500 down payment saved for this purchase, and the dealer's $1500 Cash Allowance will come straight off her total. How much loan does Molly need? 2. How much will Molly's monthly payment be? 3 How much total interest will Molly pay using this plan? 4 When Molly a... 1 23 3 24.02.2024 …
How much will molly's monthly payment be
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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 …
Nettet13. 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 … 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 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 … NettetWith this information, Molly can calculate her monthly payment using a loan calculator. Molly's monthly payment will be $562.50. Over the course of the five-year loan, Molly will pay a total of $33,750 in interest. This means that the total cost of the car will be $63,750.
NettetThe 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 ...
NettetThe compound interest formula is: A = P (1 + r/n)nt. The compound interest formula solves for the future value of your investment ( A ). The variables are: P – the principal (the amount of money you start with); r – the annual nominal interest rate before compounding; t – time, in years; and n – the number of compounding periods in each ... holder outside counsel fast furiousNettetOption 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 … hudson chamber of commerce ambassadorsNettetpayments) 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) … holder pacifierNettetChapter 14. Financial Planning Exercise 2. Calculating amount available at retirement. Molly Lincoln, a 25-year-old personal loan officer at First National Bank, understands the importance of starting early when it comes to saving for retirement. She has committed $2,000 per year for her retirement fund and assumes that she'll retire at age 65. holder operation crossfireNettet19. apr. 2024 · Molly’s loan needed and monthly payment Molly loan: Molly Loan needed =$25,495-$2,500-$1,500 Molly loan needed= $21,495 Molly’s monthly payment: Molly’s monthly payment =$21,495/36 months Molly’s monthly payment= $597.08 Therefore Loan needed is $21,495 and monthly payment is $597.08. holder opticiansNettet21. apr. 2024 · 1. Loan needed by Molly = $25495 - $2500-$1500 = $21495 2. At 0% APR, monthly payment = $21495/36 = $597.08 3. Total Interest Molly. holder or cell phoneNettetHow much will molly monthly payment be. Assignment Help Financial Accounting Reference no: EM132797343. Oh, boy! Look at that monthly payment from Question … hudson chamber of commerce hudson ohio