21. A house remodeling costs $35.000, You decide to pay a 15% down payment and amortize the rest with equal monthly payments over a 5 year period. What is your monthly payment, if you pay an interest of 4.2% compounded monthly?

Q: Jomai borrowed P6,666.00 to be paid after 2.5 years with interest at 15% compounded semiannually and…

A: Given: Jomai borrowed P 6666.00 for t=2.5 years and the interest rate 15%(compounded semiannually),…

Q: 7. The price of a home is $150,000. The bank requires a 5% down payment. After the down payment, the…

A:

Q: 4. If you pay P50.00 at the end of each month for 40 years on account that pays interest at 10%…

A: *** This is the problem related to financial mathematics and we are advanced math expert and have…

Q: hoi Home Repair needs to accumulate $26,000 in 6 years to purchase new equipment. What sinking fund…

A: .

Q: 1. Suppose that you borrow $10,000 for four years at 8% toward the purchase of a car. Find the…

A:

Q: Suppose that a 20-year government bond has a maturity value of $1000 and a coupon rate of 9%, with…

A: For 20 years, the government bond has a mutual value of $1,000 at a coupon rate of 9%…

Q: 28. An investment offers an annuity that pays 5.5% compounded monthly. What equal monthly deposit…

A: From given A = 50,000, r = 5.5% and n = 5(12) = 60.

Q: A sailboat costs $19,286. You pay 25% down and amortize the rest with equal monthly payments over a…

A: The term per cent means for every hundred. A fraction whose denominator is 100 is called a…

Q: HOW IS THE MONTHLY PAYMENT OF 350,00 LOÀN WHICH IS TO BE REPAID MONTHLY FOR 1 YEAR WITH AN INTEREST…

A: This is a compound interest problem and I solved it in the next steps.

Q: A group of private investors purchased a condominium complex for $3 million. They made an initial…

A:

Q: A group of private investors purchased a condominium complex for $2 million. They made an initial…

A:

Q: A sailboat costs $19,058. You pay 10% down and amortize the rest with equal monthly payments over an…

A: The formula to calculate the monthly payment is written as follows:

Q: 1. Shirly started to deposit 18,000 semi-annually in a fund that pays 5% compounded semi-annually.…

A:

Q: A mortgage for a condominium had a principal balance of $45,700 that had to be amortized over the…

A:

Q: A business must raise $57,000 in 5 years. What should be the size of the owners’ quarterly payment…

A: ANSWER IS AS BELOW:

Q: 42. A recreational vehicle costs $80,000. You pay 10% down and amortize the rest with equal monthly…

A: From the given information:Cost of vehicle = $80,000Down payment amount = 10% = 10% of 80,000 =…

Q: A sailboat costs $27,434. You pay 15% down and amortize the rest with equal monthly payments over a…

A:

Q: A loan of $10,000 is to be amortized with 10 equal quarterly payments. The interest rate is 6%…

A: Solution

Q: . What is the monthly payment on a 30 year, $250,000 mortgage, with an interest rate of 4%,…

A: here n = 30*12 = 360 month  i = 4 = 4/12 = 1/3% monthly P = $250000 monthly payment =…

Q: A $14,000 loan is to be amortized for 10 years with quarterly payments of $446.90. If the interest…

A: Given, Loan: $14,000 Time: 10 years Quarterly payment: $446.90 Rate: 5% (0.05)

Q: You are considering taking out a loan of $7,000.00 that will be paid back over 12 years with…

A: To find the unpaid balance

Q: 8. A loan of 67,000 pesos is to be amortized by paying quarterly in 1 year. If the money is worth…

A:

Q: 1) At what simple interest rate per annum will P35,500 accumulate to P61,000.00 in 6 years and 9…

A: Since you have posted a multiple question according to guildlines I will solve first question for…

Q: 7. An investment account pays 3.9% interest compounded semi-annually. If $4,000 is invested in this…

A: We are given,Principal P = $4000Rate , r = 3.9% = 0.039Interest is compounded semi-annually then ,…

Q: When must an obligation of P3,483 be made  to extinguish a loan of P3,000 which bears interest at 4%…

A: Let x be the number of days after which an obligation of P3,483 is to be made to extinguish a loan…

Q: A. ABC’s bank offered a loan with conditions of a P5,000,000 face amount, 6-month term, 4% interest…

A: We'll answer the first question since the exact one wasn't specified. Please submit a new question…

Q: Allison is 34 years old and plans to retire at age 65 with ​$1,380,000 in her retirement account.…

A: Given: Final amount is $1,380,000 Interest is 4% that is compounding daily Time is 31 years (from…

Q: What is the size of the payments that must be deposited at the beginning of each 6-month period in…

A:

Q: Today, Dora bought a condominium unit valued at ₱2,500,000.00. After making a down payment of…

A: We can use this formula to calculate the final amount, A = P1+rnnt, here P is 2,500,000-250,000 =…

Q: 4. Your mother bought an oven-toaster costing P12,000 if paid in cash. However, the saleslady told…

A:

Q: (b) A young couple plans to buy a property whose price is £450,000. They have a deposit of £150,000,…

A:

Q: 1. Ana must pay 10,000 to pay an obligation of 8,000 at 3% compounded monthly. When should the…

A: Given that,   1. Ana must pay 10,000 to pay an obligation of 8,000 at 3% compounded monthly. When…

Q: A condominium unit is being amortized with a quarterly payment of P56,000 for 5 years at 3%…

A: Solution :  Given that  quarterly payment = P 56000 Interest rate r = 3% Compounded quarterly , n =…

Q: A debt of $8,800 is to be amortized with 8 equal semiannual payments of $1,417.12. If the annual…

A: SOLUTION-

Q: Problem. A P45,000 loan at 10% compounded monthly is to be amortized every month a year. Find the…

A:

Q: 4. How much should be deposited in an account paying 7.5% interest compounded quarterly in order to…

A: Compound interest

Q: Mr Bullock wants to purchase a car which costs $200,000 and requires 20% down payment. Period of…

A:

Q: Suppose that a 25-year government bond has a maturity value of $1000 and a coupon rate of 5%, with…

A:

Q: 18. Lupe Martinez will owe her retired mother $45,000 for a piece of land. Find the required…

A: 18. Here the principal amount is $45000Time is 4 yearsinterest rate is 10% which compounded…

Q: 4. What principal must be deposited in a 4.5% saving account compounded monthly in order to have a…

A:

Q: Compute for the Effective Interest Rate Payment Period = Semi-annual 1. 10% Compounded Yearly =…

A: Note: We will only answer up to three sub-parts as the exact one is not specified. Please resubmit…

Q: Your grandfather left an inheritance for you of $80,000. However you can only drawdown on the…

A: Since you have posted multiple questions, we will solve only first question for you. To get…

Q: The price of a new car is $20,000. Assume that an individual makes a downpayment of 25% toward the…

A: Given that The price of a new car is $20,000. Assume that an individual makes a downpayment of 25%…

Q: what is the unpaid balance immediately after the sixth payment?

A: Periodic payment (EMI) = $434.55 Interest rate per period, r = (6%)/4 = 1.5% Interest =…

Q: 11. Ali is deciding on buying a 4-storey building to expand his business. Currently he was offered…

A: Here AS PER POLICY I HAVE CALCULATED FIRST MAIN QUESTION ONLY

Q: Planning to give his son a car as a gift when he graduates from college 2 years from now, Adam…

A: From the question we know the time(t) is 2 years, n is 12 ( compounded monthly) and rate(r) is…

Q: 14. At what simple interest rate per annum will P20,000 accumulate to P25,000 in 3 years?

A:

Q: A $5,500 bond that carries a 3.00% coupon rate payable semi-annually is purchase years before…

A: We will find the required.

Q: 4. Mrs. Román wants to invest in a loan of $ 25,000 at 3.9% annual interest for four years,…

A: Mrs. Román wants to invest in a loan of $ 25,000 at 3.9% annual interest for four years, compounded…

Q: Q. 4. If you sell your car to someone for OMR 9500 and agree to finance it at 15 % compounded…

A: