Phil can afford $ 240 a month for five years for a car loan. If the interest rate is 8.5 percent, how much can he afford to borrow to purchase a car? Expert Answer.
phil can afford $ 240 a month for five years for a car loan. If the interest rate is 8.5 percent, how much can he afford to borrow to purchase a car? show steps and formulas. Expert Answer 100% (7 ratings) Previous question Next question …
Phil can afford $ 240 a month for five years for a car loan. If the interest rate is 8.5 percent, how much can he afford to borrow to purchase a car? A. $11,750.00 B. $12,348.03 C..
27. Phil can afford $ 240 a month for five years for a car loan. If the interest rate is 8.5 percent, how much can he afford to borrow to purchase a car? A. $11,750.00 B. $12,348.03 C. $11,697.88 D. $10,266.67 E. $10,400.00 AACSB: Analytic Accessibility: Keyboard Navigation Blooms: Apply Difficulty: Basic Learning Objective: 06-02 How loan payments are calculated and how to find the interest …
42) Phil can afford $ 240 a month for five years for a car loan. If the interest rate is 8.5 percent, how much can he afford to borrow to purchase a car? A) $11,750.00 B) $12,348.03 C) $11,697.88 D) $10,266.67 E) $10,400.00, Phil can afford $ 240 a month for five years for a car loan. If the interest rate is 8.5 percent, how much can he afford to borrow to purchase a car? A. $11,750.00: B. $12,348.03: C. $11,697.88: D. $10,266.67: E. $10,400.00 . 28. As the beneficiary of a life insurance policy, you have two options for receiving the insurance proceeds. You can …
Phil can afford $ 240 a month for five years for a car loan. If the interest rate is 8.5 percent, how much can he afford to borrow to purchase a car? A) $11,750.00 B) $12,348.03 C).
2/24/2014 · Phil can afford $160 a month for 6 years for a car loan. If the interest rate is 5.7 percent, how much can he afford to borrow to purchase a car? 2. What is the present value of $14,450 to be received 5 years from today if the discount rate is 4.50 percent? 3. You are scheduled to receive annual payments of $9,100 for each of the next 30 years.
E. $190,450.25 27. Phil can afford $180 a month for 5 years for a car loan. If the interest rate is 8.6 percent, how much can he afford to borrow to purchase a car? A. $7,750.00 B. $8,348.03 C. $8,752.84 D. $9,266.67 E. $9,400.00 28. You are the beneficiary of a life insurance policy.
