If you take out a 9000 car loan that calls for 48 monthly

Question

If you take out a $9,000 car loan that calls for 48 monthly payments at an APR of 10%.

What is your monthly payment?

What is the effective annual interest rate on the loan?

If you deposit the same monthly payment at an APR of 10% for 4 years, how much will your money grow?

 

Assume that you have to make a monthly payment as calculated from (1) for your car loan at the beginning of period, what is the price you are paying for the car?

Answer 1

For this assignment showing topic as Security Analysis Term Paper: You are to get ready a research report on the stock, STE - Steris Corp. - Medical Appliances & Equipment. All students will get ready a research report on the similar company. Whenever choosing a company for this project, several key characteristics were observed as well as the subsequent: • they pay a separated • they have a comparatively low to moderate P/E • they have a positive and acceptable ROE • they are moderately small, but have been a publicly traded company for at least 10 years • they are relatively "uncomplicated" companies. While a 10K report is 1 source of information for the report, students plagiarizing from the 10K (or from any other source) can wait for to receive a zero for this part of the course.