1 if you want to have 10000 for a down payment on a new car, Ask an Expert

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1. If you want to have $10,000 for a down payment on a new car in three years time, assuming an interest rate of 4.5% compounded annually, how much money do you need to save at the end of each month starting today ?

2. Ivana has found a fixed rate mortgage of 300,000 at 4% interest compounded semiannually, amortized over 15 years. what is her monthly payment ?

3. Sally obtains a one year loan of $3000 based on an interest rate of 12% compounded annually. what would be the monthly payment to pay it off in 1 year ?

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Financial Management, Finance

Category:- Financial Management
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