-
+1 - 312-224-1615
Get in touch with us
-
support@helpwithassignment.com
Send us an e-mail
Solution Library
Calculation Of Interest Rate On Investment
Question
1. A truck costing $112000 is paid off in monthly installments over four years with 8% APR. After three years the owner wishes to sell the truck. What is the closest amount from the following list that he needs to pay on his loan before he can sell his truck?
A. $24867
B. $28678
C. $31432
D. $87255
2. If the current inflation rate is 5%, then the normal rate necessary for you to earn an 8% real interest rate on your investment is closest to:
A. 13.0%
B. 13.4%
C. 4.9%
D. 3.0%
Summary
These short questions belong to Finance. The 1st question is about calculating the remaining loan amount necessary to sell a truck bought on loan. The 2nd question is about calculating interest rate on investments.
Total Word Count 36
WHAT OUR STUDENTS SAY
I always trust TheReliableTutor as they have always provided the required support and assistance. By assistance, I mean, they do not disappear after providing one accounting homework help but stay in touch for clarifying minor doubts and as a student I find it to be a very lucrative deal.
Delilah Cook Student
In the middle of writing my chemical engineering dissertation paper I was feeling totally lost and confused and the structure was going all over the place. The online chemical engineering dissertation help expert at TheReliableTutor totally understood my situation and guided me through the rut. I am now much better positioned in writing my dissertation paper and getting my doctoral degree!
Walter Sook Student
When it was time for me to start on my Stats Thesis Paper I was at a complete loss. I did not know where to begin even. That is when I contacted the experts at TheReliableTutor and the process from then on was as smooth as it could be. From the selection of the topic to reviewing the existing literature and finally putting it all together, I would not have been able to do any of it as well as I have without the constant help and support of the Stats Thesis Writing Expert at TheReliableTutor.
Arthur Pilger Student
Writing the final year dissertation paper was a big deal for me as it is the ultimate decider for my grades. Needless to say that I was very nervous but I got immense help from HwA throughout the tenure and helped me get a solid A at the end of everything.
Leslie Scanlon Student
I was a bad place with my electricity assignment and was not sure how to apply the laws to get the numerical assignments done. Then I came in contact of one of my seniors in my college who told me about HwA. The service I got here was awesome and more than giving me a A in my assignment they also treated me with respect and helped me learn a lot.
Nicola Watson Student
Comments
this is a very good website
I have 50 questions for the same test your page is showing only 28
hi can you please help or guide me to answer my assignments. thanks
hi can anyone help or guide me to my assignments. thanks
This solution is perfect ...thanks
Hello Allison,I love the 2nd image that you did! I also, had never heard of SumoPaint, is something that I will have to exolpre a bit! I understand completely the 52 (or so) youtube videos that you probably watched. Sometimes they have what you want, sometimes they don't! However, it is always satisfying when you are able to produce something that you have taught yourself. Great job!Debra 0 likes
Perfect bank of solution.
great !
thanks for the quick response. the solution looks good. :)
thnx for the answer. it was perfect. just the way i wanted it.
works fine.