Question

# \$5.00Juan would like to add a shuttle service for his hotel guests to nearby shopping centers.

Chapter 1, # 0
Posted by :

Rating (141):B
Tutorials Posted: 3117,
Earned: \$8,695.28

Q:

4. Juan would like to add a shuttle service for his hotel guests to nearby shopping centers.
The van has a price tag of \$35,000. His bank will give him a loan for \$25,000 at only 6%
interest, compounded monthly, if Juan pays \$10,000 as a down payment. What is Juan’s
loan amortization schedule for the first five months?

Tutorial

\$5.00
Juan would like to add a shuttle service for his hotel guests to nearby shopping centers.
• This tutorial was purchased 1 time and rated No Rating by students like you.
• Posted on Mar 31, 2012 at 9:58:59PM
A:
Preview: ... mpounded monthly, if Juan pays \$10,000 as a down payment. What is Juanâ€™s loan amortization schedule for the first five months? Answer: Present value = \$25000 Time = 4 years Interest = 6% =Â  PV/(1-1/(1+i)n)/i} Where, PV ...

The full tutorial is about 122 words long .