(Answered) Paige decided to buy a new car worth 32000 she traded in

Management Studies

Paige decided to buy a new car worth $32,000, she traded in her old mini-van and received $10,000, which she used as a down payment. She finances the balance at 8% APR over 36 months. Before making her 24th payment, she decides to pay off the loan.

a.) Use the APR table for Monthly Payment plans. What is the total interest Paige would pay if all 36 payments were made?

b.) What were Paige's monthly payments?

c.) How much interest will Paige save by paying off the loan early?

d.) What is the total amount due to pay off the loan?

View complete question

Business Management, Management Studies

Category:- Business Management
Reference No.:- M92448401
Price:- $10

Verified Expert

Priced at $20 Now at $10, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Business Management

Outline the capital structure choices open to international

Outline the capital structure choices open to international firms. Give an example using XYZ company.

Assessment task 1 - research workforce requirements and

Assessment Task 1 - Research workforce requirements and develop workforce planning Performance objective This task requires you to demonstrate skills and knowledge necessary to research workforce requirements within an o ...

The introduction to the chapter argues that preferences for

The introduction to the chapter argues that preferences for coffee changed in the 1990s and that excessive rain hurt yields from coffee plants. Show and explain the effects of these two circumstances on the coffee market ...

How does servant leadership is looked at by judaism

How does servant leadership is looked at by Judaism, Buddhism, Islam and Christianity? Similarities and differences in the four religious traditions based on servant leadership?

What is greeces global health issues and how can they be

What is Greece's global health issues and how can they be combated?

What would applying the idea of organizational culture tell

What would applying the idea of organizational culture tell you about the place you work, or of any other place that someone might work at?

Let x denote the body temperature measured in degrees

Let x denote the body temperature (measured in degrees Fahrenheit) of a human being. Suppose that across all humans, x follows some unknown distribution with mean u and standard deviation o. You want to know u. You colle ...

What are the characteristics of bakery industry how

What are the characteristics of bakery industry? How competitive is the landscape, etc? Any mega trends affecting the bakery industry which will affect how the BreadTalk competes?

Most compelling advantages of diversity presented in

Most compelling advantages of diversity presented in General Motor? Why?

Ethical behavior is a critical element for the success of

Ethical behavior is a critical element for the success of any business and business manager. If you were tasked with writing a code of ethics for your company, what concepts would you include and why?

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Management Expert