welcoming Ritual 10/4/22 What is the monthly payment for a $5,000 4-year loan with an APR of 2%? Show work or explain your answer.

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
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Chapter1: Making Economics Decisions
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What is the monthly payment for a $5000.04 year loan with an APR of 2%?
ming R...
Inbox (723) --
in Lit Warm-ups
range Tools Extensions Help Last edit was 2 days ago
Adocs.google.com
Description...
Background Layout Theme Transition
$21.70 times 12 months is
$260.40
$260.40 times 4 years
$1,041.60
1. 2 ** 34|
$5,000 plus $1,041.60 is
$6,051.60 divided by 4 years
Is $125.86 a month
Interest Rate
(APR)
1%
2%
3%
4%
Welcoming Ritual 10/4/22
What is the monthly payment for a $5,000 4-year loan with
an APR of 2%? Show work or explain your answer.
Monthly Payment per $1,000 of Loan
5%
Beowulf Anti..
6%
7%
Students, draw anywhere on this slide!
56
MacBook Air
Vincent Sori...
2-Year Loan
$42.10
$42.54
$42.98
$43.42
$43.87
$44.32
$44.77
3-Year Loan
7
$28.21
$28.64
$29.08
$29.52
$29.97
$30.42
$30.88
Florida Dept...
4-Year Loan
$21.26
$21.70
+++
$22.13
$22.58
$23.03
$23.49
$23.95
8 9
eck Drawing Slide
of question, go back to the "Ask Students a Question" in the Pear Deck sidebar.
Slideshow
Cady Studio...
5-Year Loan
$17.09
$17.53
$17.97
$18.42
$18.87
$19.33
$19.80
Pear Deck Interactive Slide
De not remove this bar
Transcribed Image Text:ming R... Inbox (723) -- in Lit Warm-ups range Tools Extensions Help Last edit was 2 days ago Adocs.google.com Description... Background Layout Theme Transition $21.70 times 12 months is $260.40 $260.40 times 4 years $1,041.60 1. 2 ** 34| $5,000 plus $1,041.60 is $6,051.60 divided by 4 years Is $125.86 a month Interest Rate (APR) 1% 2% 3% 4% Welcoming Ritual 10/4/22 What is the monthly payment for a $5,000 4-year loan with an APR of 2%? Show work or explain your answer. Monthly Payment per $1,000 of Loan 5% Beowulf Anti.. 6% 7% Students, draw anywhere on this slide! 56 MacBook Air Vincent Sori... 2-Year Loan $42.10 $42.54 $42.98 $43.42 $43.87 $44.32 $44.77 3-Year Loan 7 $28.21 $28.64 $29.08 $29.52 $29.97 $30.42 $30.88 Florida Dept... 4-Year Loan $21.26 $21.70 +++ $22.13 $22.58 $23.03 $23.49 $23.95 8 9 eck Drawing Slide of question, go back to the "Ask Students a Question" in the Pear Deck sidebar. Slideshow Cady Studio... 5-Year Loan $17.09 $17.53 $17.97 $18.42 $18.87 $19.33 $19.80 Pear Deck Interactive Slide De not remove this bar
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