1 you purchase a 4wd vehicle costing 24500 by taking out a, Ask an Expert

Management Studies

1. You purchase a 4WD vehicle costing $24,500 by taking out a 13% add-on interest installment loan. The loan requires a 25% down payment and equal monthly payments for 3 years. How much are your monthly payments?

2. A home was recently appraised for $167,000, and the balance on the existing mortgage is $96,600. If a bank is willing to loan up to 65% of the appraised value, calculate the potential amount of credit available on a home equity loan.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M93112086

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