how to find EAR and APR?
Froilan Catbagan Asked: how to find EAR and APR?
1. You want to buy a new sports coupe for $68,500, and the finance office at the dealership has quoted you a 6.9 percent APR loan for 60 months to buy the car. Your monthly payment will be $______ and the effective annual rate on this loan is _____percent.
2. Barcain Credit Corp. wants to earn an effective annual return on its consumer loans of 16 percent per year. The bank uses daily compounding on its loans. By law, the bank is required to report to potential borrowers an interest rate of _____percent.
Incoming search terms:
- barcain credit corp wants to earn an effective annual return on its consumer loans of 16 percent per year the bank uses daily compounding on its loans by law the bank is required to report to potential borrowers an interest rate of
- barcain credit corp wants to earn an effective annual return on its consumer loans of 16 percent per year the bank uses daily compounding on its loans by law the bank is required to report to potential borrowers an interest rate of percent
- calculating apr barcain credit Corp 16 percent
- you want to buy a new sports coupe for 68500
Categories: Loan Questions Tags: APR, EAR, Froilan Catbagan Asked, GOD
Should I co-apply for a car loan with my husband?
Melissa Asked: Should I co-apply for a car loan with my husband?
My husband and I are planning to buy a car, he suggested that I be a coapplicant on the car loan but I'm worried that my 651 credit score will raise the APR on the loan plus I don't work.His credit is very high, his salary is high, and we have money to put down but he says he is worried because he is still paying on his $12,000 truck and his credit limit on his credit card is high but has a $0 balance.If I coapply would my score raise the APR or are we better off just having him purchase the vehicle?
Categories: Loan Questions Tags: APR, Melissa Asked
Auto Loan Calculator: Faster means to discover the finest car loan deal
The thought of receiving auto credit loans can provide a jolt to all those who are looking for it for the first time. With upper figure of car loan companies operating in the market, you would often feel puzzled with the choice process and rather want to get it simplified. It is in fact essential if you want to make certain that you have access to the finest of car loan deals. The use of individual tools and strategies is on climb these days to save you from the misleading facts obtainable by lenders about their car loan offers. Auto loan calculator is one of them allowing a fair judgment of auto credit loans and enabling prospective buyers to recognize a best deal in the market.
Without an car loan calculator you can barely supervise to evaluate diversify auto credit loans by dissimilar lending companies and make a fast conclusion. You might be view what an auto loan calculator is a thing like? As the name point to, it is an auto loan individual tool obtainable online to help in the calculation of few important things like monthly installments, PPI, APR, state and marginal income taxes, sales tax percentage and capital repayment of a car loan agenda. Some of the auto loan calculators also give graphical appearance of data that let you fast mark out the things that actually vary from one loan tender to another and can bring a major difference in your case.
Why to utilize an auto loan calculator?
An auto loan calculator is the means out for individuals who are getting prepared to benefit a car loan. With it people can with no trouble find out which auto credit loans will cost them how much every month, the total amount they will have to pay for a car in minimum with the given loan conditions and circumstances and interest rate and whether they can afford to pay it or not.
Assists you in searching a best deal with an opinion of necessary loan information One of the nearly all significant return of an auto loan calculator is it helps in the estimation of basic information such as PPI, APR, rate of sales tax percentage, overall payment and few other things about auto credit loans that are necessary to make your way to the best auto loan deal in the market.
Makes loan conclusion simple An auto loan calculator is the finest tool obtainable to make a fast conclusion on auto credit loans. With an instant calculation of cheap loan information like monthly installments and minimum car price, you will feel comfortable making a correct result in auto loan matters.
Mind it no interest is necessary to use an auto loan calculator as it can be worn in the comparable way as that of a standard calculator. What you will have to obtain concern of is to type into the correct information asked for in a given field and click the button after it. And the product will manually become visible on the monitor within few seconds.
Steve Matthew has been by means of auto loan calculator to guess the monthly payment of auto loan offers by dissimilar let somebody use institutions. It has made him pick up the right cheap car loan, auto credit loans, best car loan comparison for his credit situation.
Categories: Loan Articles Tags: APR, Auto Loan Calculator, PPI, Steve Matthew
can I take a payday loan out in a different state?
Rena Asked: can I take a payday loan out in a different state?
I live in Missouri and you can only take a payday loan out up to $500. Plus, the APR in Missouri is among the highest of any state. So I would have to pay $125 fee to borrow $500. In Illinois, you can borrow up to $800. I really need $600 and with the APR in IL, it would be a $93 fee, which is way less than Missouri. Would I be able to take the loan out in Illinois and pay what they have to? I live less than 15 minutes from Illinois.
Categories: Loan Questions Tags: APR, IL, Rena Asked
Do loan providers have to disclose the amount of interest added before requesting the customer to si
Questions and Answers Asked: Do loan providers have to disclose the amount of interest added before requesting the customer to si
Yes, by all means. And the APR as well. They are supposed to go over the contract with you line by line. One more thing, something you probably didn't know, Even after you sign it, the loan is not final until you make the first payment. When you make the 1st payment it means that you totally accept the terms and conditions of the contract, but until then its still not a done deal.
Categories: Loan Questions Tags: Answers Asked, APR
Payday loans criticism?
Owen Asked: Payday loans criticism?
Hi I have recently seen a rise in payday loans in the UK (an import for the US). If you look at the APR these loans charge they are crazy. How come these companies get away with this and why does the FSA regulate against it.
It seems to me almost like loan shark lending – as people who take these loans are getting ripped off and if they cant really afford to take out a loan then these payday companies shouldn't be really allowed to give them. It reminds me (on a much smaller scale) of the sub prime mortgage loans they giving out in 2006 – loans which helped to start the 2008 financial crisis.
Categories: Loan Questions Tags: APR, FSA, UK
APR story problem????????
Rosalie Richerson Asked: APR story problem????????
Tim purchased a boat for $20,000 and put $2,500 down. He financed the remaining amount with a loan with an annual percentage rate of 3% for 4 years. What will his monthly payments be for the boat loan?(I'm pretty sure the equation PV= R(1-(1+i) ^-n / i is the equation to use. I'm not sure how to plug in the info
Categories: Loan Questions Tags: APR, Bazspur6 Answered, Rosalie Richerson Asked, Tom Answered