Loan Term Interest Rate Monthly Payment
24 months 2.5% $342.08
36 months 3% $232.65
48 months 4% $180.63
60 months 5% $150.97
Markel is buying a new car but needs to keep his payments under $250.00 per month. He would also like to pay it off as quickly as possible so he can start saving for a vacation. Which option will meet both his budget and his vacation plans?
24 months
36 months
48 months
60 months
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Loan Term Interest Rate Monthly Payment 24 months 2.5% $342.08 36 months 3% $232.65 48 months 4% $180.63 60 months 5% $150.97 Markel is ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Waupaca Company establishes a $410 petty cash fund on September 9. On September 30, the fund shows $134 in cash along with receipts for the following expenditures: transportation-in, $60; postage expenses, $70; and miscellaneous expenses, $135.
Answers (1)
The term runagate likely comes from the word renegade, which means
Answers (1)
sample of 17001700 computer chips revealed that 51Q% of the chips do not fail in the first 10001000 hours of their use. The company's promotional literature states that 48H% of the chips do not fail in the first 10001000 hours of their use.
Answers (1)
Which of the following is an example of an employee contribution retirement plan
Answers (1)
The CEO of Lexington decides to impose a transfer price since the two divisions cannot agree. She chooses the highest feasible price. Her reasoning is that selling for a high price is better for Lexington's profit.
Answers (1)
New Questions in Business
When builders were constructing a sidewalk they forgot to include an expansion joint between two of the?
Answers (1)
Included in Waterway Company's December 31, 2017, trial balance are the following accounts: Accounts Payable $221,600, Pension Liability $384,400, Discount on Bonds Payable $32,700, Unearned Rent Revenue $41,100, Bonds Payable $400,600, Salaries and
Answers (1)
The law of increasing opportunity costs is a result of the fact that: a. A) the value of the dollar has declined over time. b. B) wage rates rise as the economy reaches full employment. c.
Answers (1)
A company has beginning inventory of 11 units at a cost of $29 each on February 1. On February 3, it purchases 39 units at $31 each. 17 units are sold on February 5.
Answers (1)
Suppose that a rap grouprap group called RG 2RG2 has released its first CD with LiveLive Records at an intended list price of $14.99. Music stores have discovered that they can markup the price to $17.99 with continued strong sales.
Answers (1)