Description
Please provide the solutions to the following questions. No other documents required. Please attach file in response.
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Q1. Create a car Loan Calculator with the following Input/Output: (see figure -1)
Loan Amount:20000
Term in years: 5 Years
Annual interest rate: 2.5%
Down payment:4000
Your output Shows:
The monthly payment
Total amount to pay off the car loan (after 5 Years)
Total interest paid towards the loan
Figure - 1
Input
20,000
5
2.5%
4000
Loan Amount
Term (Years)
Annual Interest Rate
Down payment
Output
Monthly payment
Total amount to pay off the loan
Total interest paid towards the loan
Q2. Create a single input data table to display all results cells for Annual Interest Rate between 2.5%
and 6% in quarter percent increments. Shown in Figure -2.
Monthly Total amount to pay Total interest paid
APR % payment
off the loan towards the loan
2.50%
2.75%
3.00%
3.25%
3.50%
3.75%
4.00%
4.25%
4.50%
4.75%
5.00%
5.259
5.5096
5.75%
5.0096
B2 LA
BSS
Q3. Create a two-input data table to show monthly payments for each Loan option amount and
interest rate shown in Figure -3.
Loan Loan Loan Loan Loan Loan Loan
Opti Opt2 Opt3 Opt4 Opt5 Opt6 Opt7
APR% 20000 25000 30000 35000 40000
45000
50000
2.50%
2.75%
3.00%
3.25%
3.50%
3.75%
4.00%
4.25%
4.50%
4.75%
5.00%
5.25%
5.50%
5.75%
6.00%
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Explanation & Answer
See attached
Car Loan Calculator
INPUT
Loan Amount
Term(Years
Annual Interest Rate
Down Payment
OUTPUT
Monthly Payment
Total Amount to Pay off the Loan
Total Interest paid towards the loan
APR%
$
20.000,00
5
2,50%
4000
$354,95
21296,83
1296,83
2,50%
2,75%
3,00%
3,25%
3,50%
3,75%
4,00%
4,25%
4,50%
4,75%
5,00%
5,25%
5,50%
5,75%
6,00%
Monthly
Total ...
Completion Status:
100%
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BUS 300: Business Professional Development
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1
BUS 300: Business Professional Development
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