Some newly school question and answer requested students to state what they believe is the most crucial important thing for a student to do to be able to accomplish success. The one which response stood out from the rest was practice. Successful persons commonly are not born successful; they become successful thru hard work and commitment. If you would like to reach your goals, keep this in mind! right below are one of the answer and question example that you possibly will benefit from to practice and elevate your practical knowledge and also give you insights that may help you to maintain your study in school.
2. Using the Loan Calculator how much will Molly’s monthly payment be for a 36 month loan?
3. How much total interest will Molly pay using this plan?
When Molly adds all of her payments, how much will the car cost her?
Loan is the amount lender give to borrower in return of interest and payment of principal amount on its maturity.$597.08 is the monthly payment, 0 interest and cost of car is $21,495.
What is loan?
A contract between lender and borrower where borrower gets the money(principal) and obligated to pay interest and the principal about as per the terms of the contract.
Price of the car= $25495
2. At 0% APR, monthly payment= loan amount/period of loan
Loan amount needed=price of car- down payment– cash allowance
= $25495 – $2500-$1500
So the monthly payment=$21495/36
3. Molly will pay 0% interest because there is no interest rate specified.
4. The cost of the car to Molly is $21,495.
Therefore, it can be said that the above calculation aptly describes the statement.
Learn more about loan here:
They could certainly hopefully help the student handle the question by obtaining the questions and answer examples. You possibly will then have a discussion with your classmate and continue the school learning by studying the problem altogether.