Top Posters
Since Sunday
5
o
5
4
m
4
b
4
x
4
a
4
l
4
t
4
S
4
m
3
s
3
New Topic  
tetleyelmo tetleyelmo
wrote...
Posts: 662
Rep: 0 0
7 years ago
You are considering the purchase of a BMW M5. You will borrow the money from BMW Financial Services. The terms of the deal are outlined below.
BMW M5
RWD, 500hp, 0-100 in 4.7s
PRICE = $80,000
Term = 36 months
i = 4.0%
Down Payment = $0
Monthly Payments (end-of-month) = $2,361.92
How much interest does the borrower pay over the term of the loan? In other words, how much of the blended loan payments is interest?
A) $5,029.08
B) $3,401.17
C) $3,200.00
D) $5,561.92
E) $5,763.09
Textbook 
Corporate Finance Online

Corporate Finance Online


Edition: 1st
Authors:
Read 895 times
7 Replies
Replies
Answer verified by a subject expert
BlimpBlimp
wrote...
Posts: 499
7 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1
Pol. Sci. Major
Minoring in Business
Columbia University Sophomore

Related Topics

wrote...
4 years ago
THANK YOU
wrote...
4 years ago
Thank you!
wrote...
3 years ago
thank you
wrote...
3 years ago
Thank you
wrote...
3 years ago
Thank you
wrote...
2 years ago
Thank you!
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1149 People Browsing
Related Images
  
 256
  
 133
  
 543
Your Opinion
What percentage of nature vs. nurture dictates human intelligence?
Votes: 387

Previous poll results: Do you believe in global warming?