Today was started off with doing possibly the LAST mental math for this semester!!!!
we corrected question 8 in the booklet.
a) Calculate Carl's monthly payment if she purchases the car and finances it over a period of 5 years.
$557.80
b) carl can lease the car for 375 a month ( including taxes) for a period of 48 months. After this time, the residual value of the car is 40% of the original purchase price of 31920. Calculate the total price including the down payment of 2000 and the lease payments to purchase the car at the end of the lease. Indicate your strategy.
$32768.00
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using the spreadsheet found in the "stuff you can use on the folder" , "mortgage schedule 2"
House price: $300,000
down payment: 10%; $30,000
interest rate: 4.75%
amortization period: 25 year
still working on uploading screen shots and explainations
*chiquitita*
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