A civil engineer is considering the purchase of a dump truck. He made a 10% down payment of  ₱120,000 and the balance paid in 48 equal monthly payments with interest at 1% per month. The payments are due at the end of each month. What is the monthly payment

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A:

Q: Michael wants to buy some new exercise equipment for his home gym for ​$156,000 financed at an…

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Q: Martin wants to buy a new bedroom set that costs $1,829 including tax. Unfortunately, he doesn’t…

A: Martin wants to buy a new bedroom set that costs $1,829 including tax. Unfortunately, he doesn’t…

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Q: In 2016, Donald Trump admitted he received a small loan of 1 million dollars from his father. If he…

A: Given, Principle = $ 10,00,000 time period T P = 32 years                              =32×12…

Q: 5. Ms. Cruz can buy a piece of property for P6,500,000 cash or P4,200,000 in five (5) years. If she…

A: Given:         The first option is paying ₱6,500,000.         The second option is paying…

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Q: Sammy wants to buy a house that is priced at $120,000 on the marker. He wants to put 10% down as a…

A: Price of house = $120,000 Down payment = 10% of the house price.

Q: The agreement for leasing a new car with a purchase price of $21,000.00 includes a down payment of…

A: To own the car, we need to pay the down payment, monthly instalments for 4 year and then last amount…

Q: If you finance the cost of your car ($200,000) at 6.9% APR for 3 years, determine the monthly cost:…

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Q: A car is to be purchased in monthly payments of 19,500 php for 5 years strating at the end of 3…

A: Given: Car monthly payment=19500 for five years Interest rate=10% To find: Cash value of the car.

Q: You borrow $5000 now and agree to pay this whole amount back in three payments: OW

A: Given, you borrow $5000  now and agree to pay this whole amount back in three payments:Payment 1. $X…

Q: Mr. Remo is considering to pay his outstanding balance after 6 years of payment. The original amount…

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Q: rate

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Q: ) You would like to take a housing loan with amount equal to JD 110,000, the bank annual rate on…

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Q: Karen and Wayne need to buy a refrigerator because theirs just broke. Unfortunately,their savings…

A: Given: Karen and Wayne need to buy a refrigerator because theirs just broke. Unfortunately, their…

Q: Raia purchases a finances it with a at a rate of 4.25% car payments?

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Q: A mortgage of $100,050 is repaid in 240 monthly payments of $900. Determine the monthly rate of…

A: A mortgage of $100,050 is repaid in 240 monthly payments of $900. Therefore the total amount of…

Q: The minimum monthly payment for Brian's credit card is 3.5% of his balance or $25, whichever is…

A: Brian's balance at the end of his billing cycle=$722 The minimum monthly payment for Brian's credit…

Q: Three years ago, Pete took out a loan of $55,000.  The loan was taken out for 10 years with an…

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A: We need to use the total amount payable formula with certain interest over a period of time.

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A: To answer the following

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Q: Stock Bonds and Mutual Funds/ Compound Ammount Formula/ Credit Card and Consumer Loan/APR 1. Mr.…

A: Given:      Loan amount d=980       Annual interest rate r=15%…

Q: A man bought his girlfriend a new necklace for $259. Instead of paying cash, he paid $19 down,…

A: Given,       the cost price of the necklace is $259       the discount given on the necklace is $19

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A: Let, Present value=p=2241 Rate of interest per month = r=1.7%=0.017 Number of months=n=48 and m be…

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Q: Janina purchased a laptop priced at Php25000. She put Php4500 as downpayment and made equal monthly…

A: Given That, Janina Purchased a laptop priced at Php 25000. She put Php 4500 as a down payment and…

Q: The new car costs ​$28,000 and can be financed with a three​-year loan at 6.72​%.  A​ three-year old…

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Q: Karen and Wayne need to buy a refrigerator because theirs just broke. Unfortunately, their savings…

A: To find the monthly payment.

Q: ok out $12,000 in student loans to pay for his schooling. If he must pay the loan back over 10 years…

A: Simple interest: Simple interest is a method for calculating the amount of interest charged on a sum…

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A: Given:The equation B = 203,400 – 660 N which relates the balance B(in $) left on a mortgage loan and…

Q: How much is the cash value of the car if the interest used is 12% monthly?

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Q: Jason takes out a car loan for $14,500 and is paying simple interest of 7%.  He finances the loan…

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Q: if a loan's annual simple discount rate is 4.34%, how many years would it take for the debt to…

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Q: 5. Ahmed borrowed $450 from his credit union to buy a copier. If the interest rate is 9.9% and he…

A: Interest= p×r×t100, where p is the principal amount, r is rate of interest and t is time in years,…

Q: The extinguishment of a loan of P87, 650 will be made by quarterly payment of how much to an agency…

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Q: If you borrow $800 for 6 months at 6% annual simple interest, how much must you repay at the end of…

A: Simple Interest Formula: A = P 1+r·t where A is the final amount. P is the initial amount. r is the…

Q: assume you will put down 10% on a house that costs 424,900 dollars, and borrow the rest. What is the…

A: Cost of house=$424,900 Amount put down=10%

Q: A man bought a lot worth P1.2M if paid in cash. On the installment basis, he paid a down payment of…

A: In this question, we have to calculate simple interest of last 2 year. As given on this question.

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A: Given that loan is of 'add-on interest' typeAdd on interest = Principal *Rate of interest…

Q: Scott is taking out a mortgage for $258,000 to buy a new house and is deciding between the offers…

A: Given that, Scott is taking out a mortgage for $258,000 to buy a new house and is deciding between…

Q: Vic bought a new plasma TV for $1800. He made a down payment of ​$500 and then financed the balance…

A: Given,           Vic bought a new plasma TV for $1800. He made a down payment of ​$500 and then…

Q: A one-year membership to the gym costs $362. When signing up, members pay $54 for the first month,…

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Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.