Dr Nick

(4)

$14/per page/Negotiable

About Dr Nick

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Art & Design,Computer Science See all
Art & Design,Computer Science,Engineering,Information Systems,Programming Hide all
Teaching Since: May 2017
Last Sign in: 344 Weeks Ago, 2 Days Ago
Questions Answered: 19234
Tutorials Posted: 19224

Education

  • MBA (IT), PHD
    Kaplan University
    Apr-2009 - Mar-2014

Experience

  • Professor
    University of Santo Tomas
    Aug-2006 - Present

Category > Accounting Posted 08 Jun 2017 My Price 0.00

Hector has several financial decisions

Hector has several financial decisions to make in the near future.  He is planning to buy a car, open a savings account, and place money in a certificate of deposit (CD) so that he may purchase a boat when he retires.  Hector has asked that we help him decide which options are best for him.

The car Hector has chosen costs $24,000.  Most car loans are calculated using simple interest, a method which interest is calculated only once per year.  His first option is a loan with 3% interest over six years.  How much will Hector pay over the course of the next six years if he chooses this option?

Answers

Dr Nick
(4)
Status NEW Posted 08 Jun 2017 09:06 AM My Price 0.00

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