subject
Business, 10.03.2020 22:32 Fireburntbudder

You have taken out a 60-month, $21 comma 000 car loan with an APR of 4%, compounded monthly. The monthly payment on the loan is $386.75. Assume that right after you make your 50th payment, the balance of the loan is $3 comma 797.53. How much of your next payment goes toward principal and how much goes toward interest? Compare this with the prinicipal and interest paid in the first month's payment.

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 16:10
Weber company purchases $44,270 of raw materials on account, and it incurs $52,730 of factory labor costs. supporting records show that (a) the assembly department used $27,580 of raw materials and $33,320 of the factory labor, and (b) the finishing department used the remainder. manufacturing overhead is assigned to departments on the basis of 150% of labor costs.journalize the assignment of overhead to the assembly and finishing departments.account titles and explanation debit credit
Answers: 2
question
Business, 22.06.2019 23:00
If the reserve requirement is 10 percent, what amount of excess reserves does a bank acquire when a business deposits a $500 check drawn on another bank?
Answers: 2
question
Business, 23.06.2019 00:10
Many years ago, sprint telecommunications aired an advertisement intended to demonstrate the clarity of reception sprint customers could expect. the ad showed a rancher, who had used a different company, complaining that he had ordered 100 oxen from his supplier and instead received 100 dachshunds. the mix-up was probably due to the presence of in the communication process.
Answers: 3
question
Business, 23.06.2019 03:00
What are the weak points of economic costs that are part of a free enterprise economy?
Answers: 1
You know the right answer?
You have taken out a 60-month, $21 comma 000 car loan with an APR of 4%, compounded monthly. The mon...
Questions
question
Social Studies, 02.07.2019 19:00
question
Mathematics, 02.07.2019 19:00