1 years ago, she borrowed $10,000 for 48 months at 8.4% compounded monthly. Her monthly payments are $246.01, but she'd like to pay off the loan early. When Maria Acosta bought a car 2 1 -year mark? (Round your answer to the nearest cent.) How much will she owe just after her payment at the 2

Q: If you borrow $700 for 6 months at 2% annual simple interest, how much must you repay at the end of…

A: As we know that the formula of the simple interest is:   Simple interest =I=P×r×t   Where,…

Q: Hans borrowed $8000 at a rate of 17%, compounded semiannually. Assuming he makes no payments, how…

A:

Q: Carmen deposited $4000 into an account with 4.8% interest, compounded quarterly. Assuming that no…

A:

Q: Jimmy paid off a mortgage by paying $725 per month for 16 years. What was the original amount of the…

A: Given

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A:

Q: The Weidmans want to save $25,000 in 2 years for a down payment on a house. If they make monthly…

A: Amount required in 2 years (Future value) =$25,000Time in months (n) = 2*12=24Interest rate is 12%…

Q: The Jones want to save $86,000.00 in 3 years for a down payment on a house. If they make monthly…

A:

Q: The Nelsons would like to take a cruise to Alaska in 5 years and will need $9,350. What amount…

A:

Q: Rosa Burnett needs $7,000 in three years to make the down payment on a new car. How much must she…

A: Given information Future value=$7,000 Rate of interest r=0.5% compounded annually ⇒r=0.5100=0.005…

Q: If you borrow $29,000 at 8.4% annual simple interest for 11 years, how much must you repay at the…

A: use formula written below

Q: A P2000 loan was originally made at 8% simple interest for 6years. At the end of this period the…

A: Given that:                  Principal amount, P=P2000Simple interest rate, r=8%Time period, t=6…

Q: Grandma Riley wants to help Scott while he's in college by giving him a $220 monthly allowance for 5…

A:

Q: A house costs $350,000. You pay a 15% down payment and amortise the rest with equal monthly payments…

A:

Q: John borrowed $8000 at a rate of 13%, compounded annually. Assuming he makes no payments, how much…

A:

Q: Evaristo would like to invest N$ 12,500.00 a month at the beginning of each month at an interest…

A: To find the C.I.

Q: 3. Ryza borrows Php150,000. At what rate compounded bi-monthly will her interest be if she agrees to…

A: Given that Ryza borrows Php 150,000. She agrees to pay Php 10,000 more at the end of 2 years. And…

Q: When Maria Acosta bought a car 2 1/2 years ago, she borrowed $16,000 for 48 months at 6.6%…

A:

Q: While buying a new car, Keith made a down payment of $800.00 and agreed to make month-end payments…

A: Please look on to the solution which is uploaded in the step 2

Q: The Weidmans want to save $35,000 in 2 years for a down payment on a house. If they make monthly…

A: Weidmans want to save $35,000 in 2 years  Let's assume, The monthly deposit = x  The account paying…

Q: The Weidmans want to save $50,000 in 2 years for a down payment on a house. If they make monthly…

A:

Q: Hudsucker Industries took out a loan on August 11, 2019 for $29,000 with interest at 5.10%…

A:

Q: Kiara is expected to settle a loan by paying $8,500. What amount should she pay if she decides to…

A: The given data is: To settle a loan by paying P=$8,500 Interest rate r=3.50% ( compounded monthly)…

Q: When Maria Acosta bought a car 2 1/2 years ago, she borrowed $12,000 for 48 months at 8.4%…

A:

Q: While buying a new car, Benjamin made a down payment of $1,000.00 and agreed to make month-end…

A:

Q: If you borrow $600 for 18 months at 8% annual simple interest how much must you repay at the end of…

A:

Q: Cameron is expected to settle a loan by paying $7,500. What amount should he pay if he decides to…

A: Here we find loan settlement amount.

Q: Stephanie purchased an annuity that will provide her with payments of $1,500 every month for 4…

A: Given that Stephanie purchased an annuity that will provide her with payments of $1,500 every month…

Q: Susan Orman wants to pay $1,550 semiannually to her granddaughter for 10 years for helping her…

A:

Q: Leo needs $30,000 to cover

A:

Q: A service car whose cash price was P540,000 was bought with a down payment of P162,000 and a monthly…

A: Consider the given information.

Q: The total amount paid on a 35 year loan was $98,000. If the interest rate was 4.1% and compounded…

A:

Q: Q9. On a $45,000 4-year loan, how much less is the monthly payment if the loan is @8.4% compounded…

A: image is attached

Q: The rebate offer is $3100, and you can obtain a car loan at your local bank for the balance at 4.6…

A:

Q: What is the simple interest paid on $1600 at 3 % for 4 years? Round your answer to the nearest cent.

A:

Q: Jim financed the purchase of a new car. If the loan had an annual rate of 3.25% compounded annually…

A: By using formula we solve the given problem as follows :

Q: After paying his down payment, Leo takes out a $320,000 mortgage at 3.6% compounded monthly for 30…

A:

Q: Matthew deposited $1,300 at the end of every month into an RRSP for 8 years. The interest rate…

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Q: Casey received a loan of $27,000 from the bank at 4.50% compounded monthly. If he had to repay $250…

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Q: In buying a car, Amiel pats P 210,000.00 cash and agrees to pay P790,000.00 for 4 years at 12%…

A: Given that, in buying a car, Amiel pats P 210,000.00 cash and agrees to pay P790,000.00 for 4 years…

Q: The Weidmans want to save $45,000 in 4 years for a down payment on a house. If they make monthly…

A: It is given that the Weidman’s want to save $45,000 in 4 years for a down payment.The interest is…

Q: Dawson is saving for a down payment to buy a house. The account earns 2.5% interest compounded…

A:

Q: Elysa bought a car priced at $8942 for 12% down and equal semi-annual payments for 4 years. If…

A:

Q: Martina borrowed $8000 at a rate of 6%, compounded quarterly. Assuming she makes no payments, how…

A: Amount = P(1+r/n×100)nt

Q: Dave wants to save $20,000 for a down payment on a really cool speedboat. He opens an annuity at…

A: Given: Dave wants to save $20,000 for a down payment on a really cool speedboat. He opens an annuity…

Q: While buying a new car, Derek made a down payment of $1,000.00 and agreed to make month-end payments…

A: It is given that periodic monthly payment is $310 The interest rate is 4% compounded quarterly i.e.,…

Q: Lush Gardens Co. bought a new truck for $50,000. It paid $5,500 of this amount as a down payment and…

A: Solution

Q: While buying a new car, Derek made a down payment of $1,000.00 and agreed to make month-end payments…

A: (a) The given data is: APR=4%

Q: asa has invested money from the settlement of an insurance claim. she plans to withdraw 1900 from…

A: Given: Interest rate = 7% compounded semi annually The payment hold over for 6 years

Q: After making the thirtieth payment of $582.48 on your car loan, you wanted to find out how much is…

A: