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Caleb bought a car for 6900. He agreed on a five- year loan at a 5.4 interest rate. Calculate what Caleb and monthly payments will be.?
To calculate Caleb's monthly payments for a $6,900 car loan at a 5.4% annual interest rate over five years, we can use the formula for an amortizing loan. The monthly interest rate is 5.4% divided by 12, or approximately 0.0045. Using the loan formula, Caleb's monthly payments would be approximately $131.86.
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It was not exactly what he had in mind when he agreed to do the task. Which word is the adverb modifying another adverb?
In the sentence, the word "exactly" is the adverb modifying the adverb "not." It specifies the degree to which the situation was not what he had in mind.
Whait is meant by saying a proposed payment is correct?
Saying a proposed payment is "correct" means that it accurately reflects the agreed-upon terms and conditions between the parties involved, including the right amount, currency, and timing. It also indicates that the payment complies with relevant regulations and contractual obligations. Essentially, it confirms that all calculations and agreements have been properly followed, ensuring that the payment is valid and justifiable.
Who discovered calculus?
Calculus was not discovered all at once like one might find a hidden treasure chest. However, it was first widely explored by Isaac Newton and a lesser known man by the name of Leibniz. They both had different views on the topic, but it's widely agreed that they are the two main "discoverers" of this field of math. Their work was also based off of centuries of exploration before their own birth, also. Newton's calculus was based more off of concrete mathematical fact, while Leibniz's ideas were more abstract and theoretical.
How does the put option values fall and rise while call options values rise and fall as the rerlevant stock prices rises?
The Payoff i.e. profit for a Call Option is St-X where St is the market price at time t and X is the exercise price. Assuming that it is an American Style option where it can be exercised at any time, If St is significantly greater than the exercise price,X, (the agreed price to buy an option at) then if the option holder exercises it immediately they will be 'in-the-money.' This means it has a high intrinsic value which causes a rise in value for the option. The Payoff for a Put Option is X-St where X=exercise price and St equals market price at time t. If the market price increases the gap between X and St (Payoff or Profit) reduces or if X<St then they will be making a loss. This will mean it will have a low intrinsic value (value if exercised immediately) therefore the value of the option will fall.
What is the difference between futures and forwards?
Forwards Contract:A forward contract is the simplest of the Derivative products. It is a mutual agreement between two parties, in which the buyer agrees to buy a quantity of an asset at a specific price from the seller at a future date. The Price of the contract does not change before delivery. These type of contracts are binding, which means both the buyer and seller must stay committed to the contract. This means they are bound to deliver or take delivery of the product on which the forward contract was agreed upon. Forwards contracts are very useful in hedging.Important Characteristics of Forwards Contracts:1. They are Over the counter (OTC) contracts2. Both the buyer and seller are bound by the contractual terms3. The Price remains fixedLimitations of Forwards contracts:1. Lack of centralized trading. Any two individuals can enter into a forwards contract2. Lack of Liquidity3. Counterparty risk - The case wherein either the buyer or seller does not honour his end of the contract.Futures Contract:A futures contract is an agreement to buy or sell an asset at a certain time in the future at a specific price. The Contractual terms of the futures contracts are very clear. The Futures market was designed to solve the shortcomings in the forwards contracts. Unlike forwards, futures are traded in organized exchanges. They also use a clearing house that provides the necessary protection to both the buyer and the seller. The price of the futures contract can change prior to delivery. Hence, both participants must settle daily price changes as per the contract values.An Example of a futures contract would be an agreement to 100 tonnes of Steel at Rs. 10000/- per tonne at some date say in December 2008. If no interim payments are made and if the price of Steel moves violently, a considerable credit risk could build up. To avoid this a margin system is used by the exchanges. As per the margin system, both parties must deposit a small sum with the exchange. This amount will be a small percentage of the total contract. This amount is called the initial margin. As the steel value changes, the contract value also changes. If the contract value changes, the margin must be topped up by an amount corresponding to the change in price of steel. The margin money is the property of the person who deposits it and would be returned to them if the contract gets cancelled/completed.Characteristics of Futures contract:1. They are traded in organized exchanges2. Credit risk is eliminated with the margin system. Both parties deposit a portion of the contract with the clearing house.3. Both the buyer and seller are bound by the contract terms and are expected to honour their end of the contract.
Caleb bought a car for $6,900. He agreed on a five- year loan at a 5.4% interest rate. Calculate what Caleb’s monthly payments will be?
$131.48
Caleb bought a car fur $6900. He agreed on a five year loan at a 5.4 interest rate .Calculate what calebs monthly payments will be?
To calculate Caleb's monthly payments for a car loan of $6,900 at a 5.4% annual interest rate over five years, you can use the formula for an amortizing loan. The monthly payment is approximately $132.56. This calculation includes both the principal and interest.
Caleb bought a car for 6900. He agreed on a five- year loan at a 5.4 interest rate. Calculate what Caleb and acirc and 128 and 153s monthly payments will be.?
To calculate Caleb's monthly payments on a car loan of $6,900 at a 5.4% annual interest rate over five years, we can use the formula for an amortizing loan: [ M = P \frac{r(1+r)^n}{(1+r)^n - 1} ] where ( M ) is the monthly payment, ( P ) is the loan principal ($6,900), ( r ) is the monthly interest rate (5.4% annual / 12 months = 0.0045), and ( n ) is the total number of payments (5 years × 12 months = 60). Plugging in the values, Caleb's monthly payment is approximately $131.29.
Caleb bought a car for 6900. He agreed on a five- year loan at a 5.4 interest rate. Calculate what Caleb and monthly payments will be?
To calculate Caleb's monthly payments for a car loan of $6,900 at a 5.4% annual interest rate over five years, we can use the formula for an amortizing loan: [ M = P \frac{r(1 + r)^n}{(1 + r)^n - 1} ] where ( P ) is the principal amount ($6,900), ( r ) is the monthly interest rate (5.4% annual divided by 12 months = 0.0045), and ( n ) is the total number of payments (5 years × 12 months = 60). Plugging in these values, Caleb's monthly payment is approximately $132.78.
Can a creditor place a lien on your property if you and he have agreed to a monthly payment schedule and you are making the payments?
Yes, if you have agreed that the house will be used for collateral.
Amanda just took out a loan for 950 at a 7.2 APR compounded monthly to buy a new set of tires for her car and she has agreed to make monthly payments of 38.50 to pay off the loan. If she changes her m?
To accurately assess the impact of Amanda changing her monthly payment, we would need to know the new payment amount and the specific changes she is considering. However, if she increases her monthly payments, she will pay off the loan faster and incur less interest over time. Conversely, if she decreases her payments, it will take longer to pay off the loan and she will pay more in interest. The loan's terms, including the interest compounding, will also affect the total amount paid.
What are the terms and conditions of a 12 month loan?
The terms and conditions of a 12-month loan typically include the amount borrowed, interest rate, repayment schedule, fees, and consequences for late payments or default. Borrowers must adhere to the agreed-upon terms and make monthly payments until the loan is fully repaid.
How is interest paid on CDs?
Interest on CDs is paid based on the fixed interest rate agreed upon when the CD is purchased. The interest is typically paid out at regular intervals, such as monthly or annually, and is added to the principal amount in the account.
Interest Only ARM Calculator?
Interest Only ARM Calculator Interest only mortgages can provide you with very low monthly payments, however you are not paying off any principal during the interest only period. Use this calculator to examine an interest only mortgage.
Can a credit card company charge off an account when they are receiving monthly payments?
Yes, if the monthly payment is not the minimum amount agreed upon, a breach of contract has occurred on the part of the account holder and the creditor may take whatever action they decide is warranted.
If you are in default and the company has agreed to a monthly payment but won't submit it in writing can they still repossess the car?
If you do not make the payments agreed to in the contract, on time, the answer is yes. if they agree to accepting a payment get it in writing ,then you have them.otherwise your screwed they will lie and tell you anything to get the car If it ain't in writing it ain't no agreement.
How is a personal loan paid back?
A personal loan is typically paid back through fixed monthly installments over a predetermined term, which can range from a few months to several years. These payments include both principal and interest, with the interest rate being agreed upon at the loan's outset. Borrowers can make additional payments or pay off the loan early, depending on the lender's policies. It's important to keep track of payment due dates to avoid late fees and potential damage to credit scores.
