You seriously want to buy the latest 4x4 vehicle but it costs a great deal of money: R1,560m. The dealer explains his financing scheme in the following way: he needs a deposit of 10% and then you must pay him a fixed monthly amount such that the present value of those payments over a period of 5 years will cover the remaining cost of the car. How much should you pay per month if the offered interest rate is 16,5% per year?

You want to buy a $400,000.00 home. You plan to pay 10% as a down payment, and take out a 25-year loan for the rest. A. How much is the loan amount going to be? My loan amount will be $________ . B. What will your monthly payments be if the interest rate is 2%? If my interest rate is 2% then my monthly payment will be $_______ . C. What will your monthly payments be if the interest rate is 6%? If my interest rate is 6% then my monthly payment will be $_________.

You want to use a 50 thousand Euro loan from your bank for the annual repair and maintenance costs of the devices in your factory. a) If you bought this loan for 4 years with 3% monthly interest, how many Euro monthly installments would you pay? b) If you had taken this loan with 3% monthly interest, with a total mat urity of 4 years with no repayments for the first 2 years, how many Euro monthly installments would you pay?

Suppose you can afford to pay $ 350 a month for 5 years towards a new car with no down payment. If the current interest rates are 4.5%, how expensive a car can you afford?

B) You would like to purchase a Car that costs OMR 50000. You planned with your banker to collect the amount for this project.  You decided to deposit OMR 9450 each year and during 5 years. Suppose also that the bank gives an annual Interest Rate of 6%.                      Questions: 1. Trace the Time Line illustrating the story 2. What would be the amount collected at the end of the seventh year? 3. Will you have enough money to buy the motorcycle? How much is the difference between the amount saved and the motorcycle price? Can you buy it?

You want to buy a $160,000 home. You plan to pay 5% as a down payment, and take out a 30 year loan at 4.5% interest for the rest. The bank will charge 3.5 points on the amount financed.a) What is the amount of the down payment?b) How much is the loan amount going to be?c) What will be the amount charged for 3.5 points?d) Find the amount of the monthly payment.

Suppose you decide to take the tour now and use a 15% credit card for the purchase. A. How many months will it take to pay off the 6,000 for the tour if you make a fixed payment of 4% of the original balance? B. How much will you pay in interest if you make the fixed payment described in A. C. How many months will take to pay off the 6,000 tour if you make the minimum payment, assuming the minimum is 4% of the outstanding balance? D. How much will you pay in interest if you make only the minimum payment?

You want to buy a $135,000 home. You plan to pay 20% as a down payment, and take out a 30 year loan at 6.9% interest for the rest. The bank will charge 3 points on the amount financed. a) What is the amount of the down payment? b) How much is the loan amount going to be? c) What will be the amount charged for 3 points? d) Find the amount of the monthly payment.

your client wants to buy a new car. the financing terms are: sticker price: 100,000.00 usd cash discount of 21% or 48 monthly payements with no interest: calculate the effective annual rate that your client actually has to pay. you will need your financial calculator for this.

You want to buy a $232,000 home. You plan to pay 10% as a down payment, and take out a 30 year loan for the rest. a) How much is the loan amount going to be? b) What will your monthly payments be if the interest rate is 5%? c) What will your monthly payments be if the interest rate is 6%?