E-Loan, an digital lfinishing business, freshly readily available 36-month auto loans at 3.9% compounded monthly to applicants via good credit ratings. If you have actually an excellent credit rating and also can afford monthly payments of $306, just how a lot can you borrow from E-loan? What is the full interest you will certainly pay for this loan? (Round to 2 decimal places)
*

X 3.4.29-BEEQuestion HelpE-Loan, an digital lending business, recently offered 36-month auto loans at 3.9% compounded monthly to applicants via good crmodify ratings. If you have actually an excellent credit rating and also have the right to afford monthly payments of $306, just how a lot deserve to you borrowfrom E-Loan? What is the full interest you will certainly pay for this loan?You deserve to borrow $- (Round to two decimal places.)Enter your answer in the answer box and then click Check Answer.Check Answer1 partremainingClear AllMacPublication Air80888escF3F4&%2368234WERYQGH.JKADV


Want to see this answer and more?

Experts are waiting 24/7 to carry out step-by-step options in as fast as 30 minutes!*

See Answer
*Response times might differ by subject and question complexity. Mean response time is 34 minutes for phelp subscribers and may be much longer for promotional uses.

You are watching: E-loan an online lending service recently offered


Q: M/s. ABC and also firm has actually appointed Mr. A for their financial operations. As first of his job, he ha...

A: Intrinsic worth is the current value of all cash proceeds to the investor in the stock. It is an est...


Q: Stock A and also stock B are both priced at RM50 per share. Stock A has actually a PE ratio of 17, while Stock B h...

A: Stock A Price= 50 per shareStock B Price= 50 per sharePE Ratio of Stock A= 17PE Ratio of Stock B=...


Q: Required:a. Calculate the dollar proceeds from the FI’s loan portfolio at the finish of the year, the r...

A: Hello. Due to the fact that your question has multiple sub-parts, we will settle initially three sub-components for you. If y...


Q: Ezell Corporation issued perpetual preffered stock with a 10% yearly Dividfinish. The stock currently y...

A: Dividfinish on wanted stock= $100*10%= $10Par value of desired stock= $100Yield or ROR= 8% 


Q: A perboy borrowed some money and agreed to pay off the loan by making monthly payments of $75 for th...

A: Given:Monthly payment =$75Interest rate = 9%Years = 3Compounding is in years. 


Q: Assistance me quick.....I will certainly give Upvote....

A: Time valueMoney obtained this day by the perboy is of more value than that of receiving the exact same worth ...


Q: How would I find the outstanding primary in this problem? I don't have actually any principle on how to go around...

A: Mortgage is permanent loan contract made between borrower and lender in which property’s title is ke...


Q: Calculate the simple interest due on a 54-day loan of $2600 if the interest rate is 6%. (Round your ...

A: A strategy of computing interemainder amounts in which the compounding effect was not thought about by the inv...


Q: A donor establimelted a brand-new scholarship that will certainly pay $5,000 eextremely 6 months to a deserving Kelley stud...

A: The present worth is the value of the amount received at time 0 or the present period. It is the value ...


Q: Solar Energy is presently studying a project that will create cash inflows of $21,405 a year for t...

A: Profitability index:It is the proportion of the existing value of cash inflow to existing worth of initial...


Q: Megan takes out a loan of $13000, which she repays by the amortization method at a nominal rate of 6...

A: In order to find the interest payment of a particular duration, it is necessary to make an amortizatio...


Q: 5. Super-duper Inc. has newly completed test marketing of a new vanilla frozen dessert. The test ...

A: Given information :Sunk price = $40,000Investment necessary = $100,000Perpetual cash flows = $15,000...


Q: Eugene started to conserve for his retirement at age 24, and for 12 years he put $ 375 per month into an o...

A: Future Value of annuity= A= R* (1+rm)n-1rmwhereA - future valueR - periodic paymentr - nominal inte...


Q: A production procedure deserve to be designed for differing degrees of automation. The adhering to is pertinent...

A: Annual worth is the present yearly worth of the cash flows that is supposed to be incurred in future...


Q: I just need concerns 6 and also 12 answer.

A: 6. Dvery own payment is a component of the purchase price which is phelp upfront before availing a loan for th...


Q: Use the factors listed below to answer this question. A rate of 12%, compounded every year, applies to this q...

A: GivenRate = 12%time = 3 years yearly on payment = $400 


Q: You can afford a $1400 per month mortgage payment. You've uncovered a 30 year loan at 8% interest.a) Ho...

A: provided,pmt = $1400m = 30 years r = 8% using formula for pmt:pmt=loan amount ×rn1-1+rn-n×m1400...


Q: In general, the cost of debt resources is reduced than the expense of equity capital. For this factor, it m...

A: Typically, it has been oboffered that the company cost of debt is lower as compared to its equity thi...


Q: 1. If 2 potential investments are mutually exclusive,: a. They are just available to wealthy inves...

A: Mutually exclusive jobs are tasks which complete with each other. A manager has a selection bet...


Q: a. You are required to calculate the Weighted Median Cost of Capital (WACC) ofSethoo & Sons Limite...

A: WACC is the avg. expense for the entity that arises as a result of outside financing. It is computed based on ...


Q: When Santa Clara College requirements to sue students for nonpayment of tuition, they hire the renowned “w...

A: Compound interemainder is the amount of interemainder that is added to the major amount of a loan or dep...


Q: A perkid simply invested $475 in a defense that pays $85 per year for eleven years; the initially payment...

A: Annuity is the variety of payments which are equal in dimension and also made in equal interval of time. Human...


Q: Exercise A3-17Present out ValuesUse Present out Value Tables or your calculator to complete the necessity...

A: “Hey, given that tbelow are multiple questions posted, we will certainly answer initially question. If you want any type of spec...


Q: You are saving for the graduation (4 years) of your 2 youngsters. They are 2 years apartin age; on...

A: Annuity refers to series of yearly payment which are paid or obtained at begin or end of particular pe...


Q: A loan of $15,000 calls for monthly payments of $477 over a 36-month duration of time. These payments i...

A: APR is the yearly percent price. It is the interest price charged from the borrower of the loan and...


Q: A perboy borrowed $4,000 at 9% for eight years and also agreed to make equal annual payments to pay off t...

A: GivenLoan = 4000duration = 8 yearsinteremainder rate = 9%To calculate the payment per periodPmt=FV<(1+...


Q: _______ PepsiCo obtained Pizza Hut. What kind ofmerger was this?a. Limitedb. Syndicatedc. Joint vent...

A: A vertical merger is a merger of 2 or more firms that supply a common product or service to the va...


Q: 11. short-offering.P>$2150% of sector valueIncreasing amounts for lower valued sharesClient wants...

A: Since the stocks are traded at brief marketing, then then it sells without having actually any kind of shares actually....


Q: A new transmission in your truck will price $9,500. Luckily, it have to alleviate maintenance expense by ...

A: Formula to calculate the NPV is:NPV = Cash flows/(1+i)^n - Initial investment


Q: Calculate the equivalent annual expense for years 1 with infinity of $1,000,000 currently and also $1,000,000 t...

A: Formula to calculate the PV is:PV = FV*(1+i)^-nEAC = PV*i


Q: How a lot money have to initially be deposited in a savings account paying 5% per year, compounded annua...

A: Formulas:


Q: Find the present worth of an annuity of $3000per year at the end of each of 10 years afterbeing de...

A: Annuity refers to series of annual payment which are paid or received at start or end of specific pe...


Q: An air purifier for usage in manufacturing semiconductors is inserted in servicevia a very first expense of $50...

A: MARCS 5- year table provided for computationSLM approach used for computation


Q: Blades is considering utilizing either present spot rates or easily accessible forward rates to forecast the fut...

A: Spot rate shows the price at which a commodity/currency is traded 'on the spot' i.e. for immediat...


Q: Pfa question

A: Net present value (NPV) is the difference between the current worth of cash inflows and also the current ...


Q: Are annuities great investments? To answer this question, think about the case of John. He is 50 ye...

A: ROR is the rate at which the investor will earn the profit or incur loss on the investment. It doesn...


Q: What is the primary distinction in between stock life insurance carriers and also shared life insurance compani...

A: Insurance providers are regularly organized as either a stock life company or a shared agency.In a mut...


Q: 2. You are reasoning around beginning a restaurant franchise in Irvine, California. You are considering...

A: Capital budgeting suggests the testimonial of the profitability of possible investment and also projects ...


Q: Evergrasp Corporation issued €350,000 of 10% term bonds on January 1, 2015, due on January 1, 2020,...

A: a.maturity worth of bond = 350,000pv of 350,000 discounted at price 12% for 5 yearsPV = 350,0001+1...


Q: Lou Hoskins and Shirley Crothers are arranging Red Lodge Metals Unlimited Inc. to undertake a high-...

See more: Pertaining To The State Of Being Married Crossword Clue, The State Of Being Married Clue

A: Tright here are two kinds of stock which a firm have the right to problem. One is the equity stock and also various other is wanted ...