...$25000 loan by 3.84% pe..? per year, compounded semi-annually. The loan was originally due in 5 years.
a) How much is needed today to pay off the loan?
b) How much is the discount?
and
yi is purchasing a used vehicle from a used car lot. The car dealer offers her two payments plans
Plan A: pay $8750 NOW
Plan B: Pay a 1500 down payment now and 7550 in 1 year
If interest is 4% per year, compounded semi-annually, which plan is better deal.
explain how you got the answer and show me the calculations STEP please
like PV=
a) How much is needed today to pay off the loan?
b) How much is the discount?
and
yi is purchasing a used vehicle from a used car lot. The car dealer offers her two payments plans
Plan A: pay $8750 NOW
Plan B: Pay a 1500 down payment now and 7550 in 1 year
If interest is 4% per year, compounded semi-annually, which plan is better deal.
explain how you got the answer and show me the calculations STEP please
like PV=