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Answer & Explanation Solved by verified expert shania : Paying $158.42 per month would have it paid off in 3 years. = Option C Todd : $ 576.51 = Option D Ben : $ 39487.20 = Option D Harald : $ 245.83 Interest , $580.47 Principle = Option C Step-by-step explanation Image transcription text Below answer may differ flighty because of decimal uses shania Purchase of living room suite & 3985 Annual interest rate () = 24. 090 No. of years ( 1 ) 3 yeare = 3x 12 monthe 36 period e Monthly interest rate is = 24. 99010 12 months = 2. 0825% let monthly payment (A) =... Show more Image transcription text Part 2 Todd . - cast of car = $ 31000 Down payment $ 2500 loan required Present value) $ 28500 Interest = 7. 9% monthly compounding 7.9/12 = 0. 658% per month team of loan (n) = 5 years 5x 12 months - 60 periode monthly payment = Annuity ( A) = 2c ( assumed) Present value. ... Show more Image transcription text Ben. cast of loan - loan amount x compounded Interest rate loan Mol = rxp x cost 1 - ( 1 trg - n Where , r = monthly loan rate n = number of payments p = principal Now p = $ 33000 *= 7.30 monthly compounding = 0. 6083% n = 5 years X 12 monte 60 periode = 0 . 006083 X... Show more Image transcription text loan Amount = $ 50,000 Hascold : - cis = 5. OX APR = 0. 4017 %% monthy = 0. 004917 (n) = 6 year X 12 = 72 months Period Installment Interest Principle closing bal $ 826 . 80 $245. 85 580 . 45 $ 50 000 $826. 30 - $245.85 X 0. 4917010 answer is equivalent to option ( c) $ 245. 23... Show more Student review 100% (1 rating) Is this answer helpful? 谢谢亲的回惠顾，期待您的下次光临！ 添加客服微信:bbwxnly，购买沟通交流so easy Coursehero｜Scribd｜Studymode｜Oneclass｜Chegg｜Studyblue｜Termpaperwarehouse｜SolutionInn｜Bartleby 谢谢亲的支持，祝您学习愉快:)