You bought a Car. The price was 25,000, the down payment was $5,000, you rate on the
5 year note was 8.5. Calculate your monthly payment, amortization schedule, D/E ratio's, and opinie as to if this was a good investment.
1. Calc. Payment 2. Amortize. Schedule 3. Debt to Equity Ratio at 15 months, and at 48 months, assuming 1% growth rate on Car? 4. At what month will D/E be (about) even?
What I need to put in here?
Loan Amount 5,000?
Interest Rate 0.085?
Term (years) 5?
Are they correct?