subject
Mathematics, 28.10.2020 23:50 milagritomiracle

I'LL MARK AS Gary took out a 6-year car loan for $18,800 to be paid back with monthly payments at a 13.2% APR, compounded monthly. The loan offers no payments for the first 18 months. Gary is wondering how much he will pay in interest on the loan. Help him figure out the answer. Part I: What is the periodic interest rate of Gary's car loan?
Part II: What is the total amount that Gary will owe when he starts making payments?
Part III: How many monthly payments will Gary have made once his loan is paid off?
Part IV: What will Gary's monthly payment be after 18 months?
Part V: What is the total amount that Gary will pay for the car loan?
Part VI: How much will Gary pay in interest for the car loan?

ansver
Answers: 3

Another question on Mathematics

question
Mathematics, 21.06.2019 18:40
Does the point (1, sqrt 7) lie on circle shown.
Answers: 1
question
Mathematics, 21.06.2019 20:00
Anyone? 15m is what percent of 60m; 3m; 30m; 1.5 km?
Answers: 1
question
Mathematics, 22.06.2019 00:50
Consider the enlargement of the pentagon. what is the value of x, rounded to the nearest tenth? 2.1 centimeters 3.3 centimeters 7.0 centimeters 15.0 centimeters
Answers: 3
question
Mathematics, 22.06.2019 01:30
Andy has $310 in his account. each week, w, he withdraws $30 for his expenses. which expression could be used if he wanted to find out how much money he had left after 8 weeks?
Answers: 1
You know the right answer?
I'LL MARK AS Gary took out a 6-year car loan for $18,800 to be paid back with monthly payments at a...
Questions
question
Mathematics, 08.12.2020 20:30
question
Mathematics, 08.12.2020 20:30
question
Mathematics, 08.12.2020 20:30
question
Mathematics, 08.12.2020 20:30
question
Mathematics, 08.12.2020 20:30
question
Arts, 08.12.2020 20:30