Tracy mine 8800 on a 6 year 7 add-on interests loan what, Ask an Expert

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Tracy mine $8800 on a 6 year, 7% add-on interests loan. what will tracy monthly payments be?

Sharon is considering the purchase of a car after making the down payment she will finance $13210 sharing is offered 3 maturities On a 4 year loan Sharon will pay $310.24 per month on a 5 year loan. sharon's monthly payments will be $255.39 on a 6 year loan they will be $218.93. Sharon rejects the four year loan as it is not within her budget

1. how much interest was Sharon pay over the life of the loan on the 5 year loan

2. how much interest was Sharon pay over the life of the loan on the 6 year loan

3. which should she choose if she bases her decision solely on total interest paid?

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Financial Management, Finance

Category:- Financial Management
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