APR on the loan

by | Sep 4, 2021 | Assignment Help

1. pay everything on 11/15/18 ($3,455.30)2. pay in 2 payments: $2,327.28 on 11/15/18 and $1,187.39 on 5/15/193. pay in 3 payments: $1,187.39 on 11/15/18, 2/15/19 and 5/15/19I had $10,000 in a bank account with an APR of 6%, compounded monthly. I was deciding between paying the entire property tax ($3,455.30) on 11/15/18 or going with option #3, the 3 equal payments.Which should I choose? What’s the APR that they’re charging me on the loan? Assume monthly compounding. (please show steps)ACCOUNTLAST YEAR’S TAXSee back for explanation of taxes marked with (* ):3, 348.75CURRENT TAX BY DISTRICT`U Lane Education Service DistU Lane Community College51. 05VALUES AS OF 01 101/2018`141.60REAL MARKET VALUELAST YEAR`_THIS YEARU Eugene School District*Eugene School District Local Option1, 0BB. 10LAND{20 0. 08STRUCTURES98, 48198. 3 76Education Totals :*197. 38.91. ATB. B.ZTOTAL`172, 460270, 041U. Lane County`295, 765River Road Water District202. 81 .`MIS SPECIAL450. 45` ASSESSED VALUERiver Road Park and Rec LOMIS REAL MIKT VALUERiver Road Park & Rec District107.50ASSESSED VALUE*270.941222, 063295. 765Lane County Public Safety LOEXEMPTIONS*228, 725Lane County 4 HIExtension LOTIT. TO3:43TAXABLE VALUE222, 06.3228, 725General Government Totals .1, BTO. TAU Lane Community College Band !!U Eugene School District Band !151 . 65360.!Bonds – Other. Totals .412.60MORTGAGE CO .If a mortgage company pays your taxes ,this statement is for your records only .TAX PAYMENT OPTIONSGo back of statement for RE`THE `HILLSPay BY“Discount`in Full`THATGROTE|2:130`THEROTE*2018- 2018 TAXES BEFORE DISCOUNT3. 562. 17TOTAL TAX ( After Discount*3, 455.30

This is a sample question

Need help with a similar assignment?

Place an order at Study Pirate

Attach all custom instructions.

Make Payment. (The total price is based on number of pages, academic level and deadline)

We’ll assign the paper to one of writers and send it back once complete.