42. A recreational vehicle costs $80,000. You pay 10% down and amortize the rest with equal monthly payments over a 7-year period. If you pay 9.25% compounded monthly, what is your monthly payment? How much interest will you pay?

Q: A mortgage balance of ​$27,000 is to be repaid over a 12​-year term by equal monthly payments at…

A:

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

A:

Q: Tom and Sandy have set up a sinking fund in order to have $15,000.00 in 44 years for their child's…

A: According to question given :Tom and sandy have set up a sinking fund in order to have $15,000.00in…

Q: 18. Rommel borrows P20,700 and promised to pay the principal and interest at 12.5% compounded…

A: The formula for the amount using compound interest is A=p(1+rn)nt. Here, p is the principal, r is…

Q: A $19,000 loan is to be amortized for 10 years with quarterly payments of $606.51. If the interest…

A: Given informationPrincipal loan amount (p) = $19,000Time (t) = 10 yearInterest rate(r) = 5%Quarterly…

Q: A loan of 51000 dollars at 7.8 percent interest compounded annually is amortized with 11 equal…

A: We will find out the required value of equal size of payment.

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: 4.9 For a Federal Credit Union that offers an interest rate of 8% per year, compounded monthly…

A: Note: Since you have asked multiple question, we will solve the first question for you. If you want…

Q: 6. How much should you deposit at the end of each month into an IRA that pays 5.5% compounded…

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: Today, Lucia made a down payment of ₱125,000.00 for the purchase of a new automobile. If she is…

A:

Q: 2 Harry paid $250,000 for a 15-year indexed annuity in which the monthly payments received at the…

A: Given:-             Harry paid $250,000 for a 15-year indexed annuity in which the monthlypayments…

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

A:

Q: 3. Jay just graduated from college and he has decided to open a retirement account that pays 1.75%…

A:

Q: 4. Estimate the monthly payments of a loan for a 2016 Ford Raptor Baja. The amount borrowed is…

A:

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: 31. An account is opened with an initial deposit of $6,500 and earns 3.6% interest compounded…

A: Given that,An account is opened with an initial deposit of $6,500 and earns 3.6% interest compounded…

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: iii) Use your formula to determine the present value of a loan, with $200 payments at the beginning…

A:

Q: 6. A payday loan company charges a $35 fee for a $550 loan that will be repaid in 17 days. If we…

A: We will follow the below steps to find the annual rate of interest for pay day loans

Q: man is disabled in an accident and wants to receive an insurance payment that will provide him with…

A: Given query is to find the total amount after 10 years with $1800 month,6% compounded monthly.

Q: 21. A house remodeling costs $35.000, You decide to pay a 15% down payment and amortize the rest…

A: Formula used:

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. What amount would Vanessa Mae receive if she invests worth 250,000 pesos for 5 years and 9 months…

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 car on sale costs P2,850,000.00 and requires a 10% down payment if purchased on an installment…

A: There is no such introduction for the solution.I have explained it within the solution.Please go…

Q: If a loan P120, 000.00 is to be amortized for 2 years at 12.5% interest compounded monthly, how much…

A: The monthly payment amount can be defined as follows:

Q: 3. If you start a bank account with $33,000 and your bank compounds the interest quarterly at an…

A:

Q: 16. How long will an amount of money triple at a simple interest rate of 5% per annum?

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: 2. What is the monthly payment for a loan of 100,000 over 5 yea nominal interest rate is 12%…

A: This is a problem of financial math, series.

Q: 1. A business loan of 1,200,000 pesos is to be paid in full after 5 years. If the interest rate is…

A: Multiple questions-"As per our guidelines we are suppose to answer only one question.Kindly re-post…

Q: 1. If you borrow Pho 30,000 at 7.5% simple interest annually for 10 years, how much will you have to…

A:

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: A debt of $9000 is to be amortized with 8 equal semi-annual payments. If the interest rate is 8%,…

A:

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: You are considering taking out a loan of $10,000.00 that will be paid back over 8 years with monthly…

A: L=PMT1-1+rn-trn PMT=135.84 n=12 for monthly payment r=6.9%=0.069 here we need to find the unpaid…

Q: 19.) What is the maturity value of $12,000 loan for 18 months at 7.2% compounded quarterly? How much…

A:

Q: Suppose that you drive 40,000 miles per year and gas averages $4 per gallon. a. What will you save…

A: Given that you drive 40,000 miles per year and gas averages $4 per gallon.

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

A: