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How much will molly's monthly payment be

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 … 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 …

Answered: eBook Chapter 14 Financial Planning… bartleby

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 … Nettet23. okt. 2024 · = $21495 So the monthly payment = $21495/36 = $597.08 3. Molly will pay 0% interest because there is no interest rate specified. 4. The cost of the car to Molly is $21,495. Therefore, it can be said that the above calculation aptly describes the statement. Learn more about loan here: brainly.com/question/7299838 Advertisement … m9 they\u0027d https://lindabucci.net

Answer to Question #331142 in Economics for Caylah

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 … NettetShe heads to Jeep’southward website and sees the following financing deals: Finance for 0% apr for 36 months plus up to one,500 cash allowance Annotation: For this activity, assume Molly’southward going to pay the exact MSRP of $25,495. This is most likely NOT true, only we’ll apply it for simplicity. m9 thermostat\\u0027s

See answer: Molly has a $2500 down payment saved for this

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How much will molly's monthly payment be

How much will Molly’s monthly payment be using the Bankrate …

Nettet19. apr. 2024 · Answer in Economics for Caylah #331142. 107 323. Assignments Done. 98.9 %. Successfully Done. In March 2024. Your physics assignments can be a real … NettetChapter 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.

How much will molly's monthly payment be

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NettetOption 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 … Nettet19. mai 2024 · Note that the price of the cash as seen in the attached is $25,495. Repayment is for 84 months. Molly's monthly payment is $273.49. Explanation: The …

NettetMonthly payments = loan/number of months = $26053.34/84 = $310.16 Q7. Total interests = ( (Total cost of the car - down payment)* APR)* number of years = ( ($25495 - $2500)*1.9%)*7 = $3058. 34 Q8. Cost of the car = down payment + loan - cash allowance = ($2500 + $26053.34) - $500 = $28053.34 Explore recently answered questions from … Nettet18. jun. 2024 · Repayment is for 84 months Molly's monthly payment is $273.49 Explanation: The amount of finance=car price-cash allowance-down payment the amount of finance=$25,495-$1,500-$2,500=$21,495.00 Monthly payment can be determined using excel pmt formula =pmt (rate,nper,-pv,fv) rate is rate per month …

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. NettetTranscribed Image Text: Latitude 4x4 MSRP" Starting at: Sport $17,595 MSRP" Starting at: Sport SE $19,740 Latitude MSRP Starting at: $25,495 FWD 4x4 MSRP" Starting at: …

Nettet8. okt. 2024 · Molly Sims net worth and salary: Molly Sims is a fashion model, actress, and television personality who has a net worth of $50 million. That is a combined net …

NettetAs of 2024, Molly Sims’s net worth is $20 million. Molly Sims (born May 25, 1973) is famous for being model. She currently resides in Murray, Kentucky, USA. Sports … kitchell ceoNettet0 0. 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 … kitchell construction caNettetShe 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. m9 thermometer\u0027sNettet21. 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. m9 they\u0027llNettet19. 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. m9 they\\u0027llNettetWith 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. kitchell cem addressNettetMolly Evan Price is an American actress. She is best known for her role as Faith Yokas in the NBC drama series Third Watch (1999–2005). Price has also appeared in recurring … m9 thermometer\\u0027s