Question 11 4 pts Jennifer purchased a new car for $28,000. She was allowed $8,000...

90.2K

Verified Solution

Question

Finance

image
Question 11 4 pts Jennifer purchased a new car for $28,000. She was allowed $8,000 for her trade in and financed the remainder over 60 months at a rate of 1.99% per year. How much is her monthly payment? $350.47 O $413.18 $449.11 O $339.28 Question 12 4 pts Adrian bought 200 shares of stock at a price of $24 a share. He used 60% margin to make the purchase. He sold his stock after a year for $28 a share. Ignoring margin interest and trading costs, what is his return on the equity for this investment? O 16.67% 0 24.67% O 27.78% 21.78%

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students