Phil can afford $240 a month for five years

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August undefined, 2024

WebAidan can afford $240 a month for five years for a car loan. If the interest rate is 8.5 percent, what is the most he can afford to borrow? ***I need to know how to solve this using a financial calculator please. WebPhil 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.

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WebAfter five years, Andy and Barb will both have earned the same amount of interest. E. Andy will earn compound interest. 7. This afternoon, you deposited $1,000 into a retirement savings account. The account will compound interest at 6 percent annually. You will not withdraw any principal or interest until you retire in 40 years. WebEach month, Elizabeth budgets $760 for fixed expenses, $620 for living expenses, and $80 for annual expenses. ... y = 1.55x + 110,419 approximates the total cost, in dollars, of raising a child in the United States from birth to 17 years, given the household's annual ... What is the maximum amount of rent she can afford to pay? answer choices ... graham\u0027s bathrooms sheffield

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WebQuestion: 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. … WebOct 21, 2024 · Phil can afford $240 a month for five years for a car loan. If the interest rate is 8. 5 percent, Amount that Phil can borrow is $11697.88 to purchase a car. The amount a … WebA: Calculation of Payoff of the Loan:The payoff of the loan is $13,492.89Excel Spreadsheet: Q: Angela Montery has a five-year car loan for a Jeep Wrangler at an annual interest rate of 6.1% and a… A: In this question we require to compute the payoff on Angela's loan after 3 years from below details:… china-ireland

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WebPhil can afford $240 a month for five years for . Not my Question Bookmark. Flag Content. Question : Phil can afford $240 a month for five years for : 171900. Phil can afford $240 a month for five years for a car loan. Ifthe interest rate is 8.5 percent, how much can he afford to borrowto purchase a car? ... WebDec 2, 2024 · Phil can afford $240 a month for five years for a car loan. Ifthe interest rate is 5.5 percent, how much can he afford to borrowto purchase a car? We store cookies data … graham\u0027s blend no5 white portWebBusiness Finance Phil can efford $170 a month for 5 years for a car loan. If the annual interest rate is 3.9 percent with monthly compounding, how much can he afford to borrow … china iron ore news

"WebDec 2, 2024 · Phil can afford $240 a month for five years for a car loan. Ifthe interest rate is 5.5 percent, how much can he afford to borrowto purchase a car? 1 Approved Answer. Devatha k answered on December 02, 2024. 3 Ratings … " - Phil can afford $240 a month for five years

Phil can afford $240 a month for five years

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WebPhil can efford $170 a month for 5 years for a car loan. If the annual interest rate is 3.9 percent with monthly compounding, how much can he afford to borrow to purchase a car? Mutiple Choice $9,430.57 $9,263.50 58.396.57 s0.076.00 $10,200.00 Question Transcribed Image Text: Phil can afford $170 a month for 5 years for a car loan. WebAnswer to 14. 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

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WebOct 21, 2024 · 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?. See answer Advertisement BobbyCharlotte Unmet expectations, broken or damaged goods, and inappropriate health are the three most frequent reasons for purchase returns. WebOct 21, 2024 · 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?. See answer Advertisement pragyavermav1 Function Arguments? PV Rate 8.5%/12 = 0.007083333 Nper 5*12 = 60 Pmt -240 = -240 Fv= number Type= number = 11697.88383

WebOct 21, 2024 · 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?. See answer … WebPhil 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? arrow_forward 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? arrow_forward

WebPhilip invests $2,000 today and $2,000 at the end of year 2 in a4 year investment which pays 5% interest, compounded annually.Create a time line... Philip is a single taxpayer with … WebMar 29, 2024 · Answer: $24,952.65 Step-by-step explanation: Phil can afford $200 a month for 5 years for a car loan. if the interest rate is 7.5 percent. Loan formula: where, P is loan amount, P=? E is monthly payment, E=$500 n is payment mode, n=12 t is time, t=5 years r is rate of interest, r = 0.075 Substitute the value into formula and solve for P

WebYou'll get a detailed solution from a subject matter expert that helps you learn core concepts. Question: Phil can afford $240 a month for five years for a car loan. If the interest rate is …

WebNov 22, 2024 · William can afford $240 a month for ve years for a carbon the interest rates... William can afford $240 a month for ve years for a carbon the interest rates 9.5 percent, how much can the afford to borrow to Burchase a car $11790.00 $12,340.0 $11.697.80 10400. Nov 22 2024 11:36 AM. graham\\u0027s bbq in riversideWebPhil 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 Solution Want to see the full … china iron ore price indexWebPhil 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? arrow_forward Sam can afford to spend $500 per month on a car. He figures he needs half of it … china iron ore imports 2022WebOct 11, 2024 · The company is offering a 5% interest rate for 36 months (3 years). ... You can afford a $1000 per month mortgage payment. You've found a 30 year loan at 7% interest.a) ... I hold M.Sc and M.Phil degrees in math and have several years of teaching experience. Previous Next > china iron ore port stocksWebRick wishes to purchase a new car and can afford monthly payments of up to $275 per month. Finance is available and the terms are that the loan lasts for 6 years, and the annual interest rate is 8%. What is the maximum price for a car that Ryan's budget can afford?Round your answer to the nearest hundred dollars. arrow_forward china iron ore price newsWebNov 20, 2024 · Phil can afford $240 a month for five years for a car loan. Ifthe interest rate is 5.5 percent, how much can he afford to borrowto purchase a car? Posted 2 years ago View Answer Q: Phil can afford $160 a month for 6 years for a car loan. If the interest rate is 4.6 percent compounded monthly, how much can he afford to borrow to purchase a car? graham\u0027s building suppliesWebPhil can afford $240 a month for five years for a car loan. If the interest rate is 5.5 percent, how much can he afford to borrow to purchase a car? A.$12,564.68B.$14,400C.$12,298.73D.$11,722.06 A . $ 12,564 . 68 1 pointsQUESTION 91. What is the effective annual rate for a stated APR of 22.3 percent with dailycompounding? graham\\u0027s builders merchants