Auto & Mortgage Monthly Payments

Auto & Mortgage Monthly Payments

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Makenzie is looking to purchase a used Jeep Wrangler that costs $21,000. She will make a $4,000 down payment and borrow the remaining with a 60-month loan that has an annual interest rate of 5.3%. Determine Makenzie’s monthly car payment to the nearest dollar amount.

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Jadyn is looking to purchase a home for $182,000 and will make a $40,000 down payment in order to borrow the remainder. Jadyn’s bank is offering a annual interest rate of 4.2% for a 15-year mortgage. What is Jadyn’s monthly mortgage payment to the nearest dollar?

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Nichole wants to buy a Dodge Charger that costs $29,500. She will make a $6,000 down payment and borrow the remaining with a 72-month loan that has an annual interest rate of 4.8%. Determine Nichole’s monthly car payment to the nearest dollar amount.