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How to do the calculation in details?

How to do the calculation in details?


·      You purchase a new car for for $33,333. What is the outstanding balance on the loan after you make the second payment if you have a 5-year loan with monthly payments and an interest rate of 7.84%. (Round your answer to the nearest integer)

·      Selected Answer:D. $32,419

·      Answers:A. $30,025

·      B. $32,877

·      C. $31,957

·      D. $32,419


·      You take out a loan for $3500 at an annual interest rate of 6%. You must pay back the loan in 48 monthly installments. How much of the principal is paid in the second installment ?

·      Selected Answer:D. $65.02

·      Answers:A. $64.80

·      B. $71

·      C. $64.70

·      D. $65.02


·      

You take out a loan for $3500 at an annual interest rate of 6%. You must pay back the loan in 4 annual installments. How much of the principal is still outstanding after you make the first payment? (Round your answers to nearest integer)

·      Selected Answer:B. $2,700

·      Answers:A. $3,290

·      B. $2,700

·      C. $3,710

·      D. $3,490

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