A loan of $2000 was made at 5.5% for four months.

Q: Corey would like to purchase a new car for $28,000.  How much will his monthly payments be if he…

A: Given that: Principal amount of loan, P=$28000TIme period of loan = 5 yearsRate of interest, r=5.75%

Q: Find the interest paid on a loan of ​$2300 for   two years at a simple interest rate of 10​% per…

A: Formula used: Simple interest formula: The formula for calculating the simple interest is I = Prt.…

Q: The total of the monthly payments for a 5-year loan is $10,692. The APR is 7%. How much money was…

A: Total payment is At=$10,692. The rate of interest is r=7%. Number of years is n=5. The formula for…

Q: A farmer purchased 275 acres of land for $4,500/acre. He paid 25% down and obtained a loan for the…

A: Find the annual payment from the given conditions

Q: Madi is looking to buy a used car that will cost her $10,000. She will make a down payment of $5,000…

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Q: Ben and Jane have been approved for a $320,000 loan, 30-year mortgage with an APR of 4.75%. What…

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Q: Ana borrows Php 20,000.00 from her uncle and agrees to pay him Php 22,000.00 in 15 months. What…

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Q: What was Yvette's monthly payment?

A: Balance after 36th payment = 6521.43 Balance after 37th payment = 6151.8 For monthly payments…

Q: What is her monthly payment on a 2005 Jeep priced at $7000 with a 13% interest rate for a 10 year…

A: Given Initial price of jeep P=$7,000Total time t=10 years Monthly interest i=13%

Q: How much will you pay on interest if you buy a $213,000 home on 4.6% interest with monthly payments…

A:

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: If you can afford to make payments of $350 per month for four years. What is the largest amount of a…

A: Given Monthly payment(P)=$350Annual Percentage Rate(APR)=5%n=4 years=48  monthsNow use the…

Q: Steven wants to buy a new couch priced at $558 and agrees to pay for it over two years with a…

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Q: A loan of $7,215 was repaid at the end of 11 months. What size repayment check (principal and…

A: The amount of the repayment check was $____

Q: Bella bought a living room suite for P85 000.00. She agreed to pay in 5 months at 12% simple…

A: We are authorized to answer one question at a time, since you have not mentioned which question you…

Q: In 25 years, a bond with a 4.75% annual interest rate earned $2,375 as interest. What was the…

A: Given Annual Rate R=4.75%Time T=25 yearSimple interest SI=$ 2375find principal amount p=?simple…

Q: Steven wants to buy a new couch priced at $705 and agrees to pay for it over two years with a…

A:

Q: Find the simple interest on a loan of 12,500 that is borrowed at 9% for 7 months.How much would it…

A: This question related to simple interest and solution is given below.

Q: Donna borrowed $10, 500 at a simple interest rate of 4% for 3 years to buy her new car.  How much…

A: Given: Donna borrowed $10,500 at a simple interest rate of 4% for 3 years to buy her new car.  How…

Q: Calculate the simple interest earned. Round to the nearest cent. P = $9070, r = 5.50%, t = 4 months…

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Q: You took out a loan of $8,000 in 2015 at an interest of 6% simple interest. What is the total amount…

A: We have to solve the given question.

Q: Imelda took a loan of Php950,000 from a financial institution to purchase a TV set. If the the…

A: Formula of compound interest: A=P1+rnnt where, A= Final amount P= Initial amount r= rate of interest…

Q: Sammy wants to buy a new stereo priced at $413. He enters into an agreement to pay $20 a month for…

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Q: find the total amount due and the amount of simple interest earned. round to the nearest cent…

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Q: Sofia obtained a house of 25-year mortgage for Php2,150,000. If his monthly payment is Php 15,500,…

A: Given that: Sofia obtained a house of 25-year mortgage for Php2,150,000. His monthly payment is Php…

Q: Sammy wants to buy a new stereo priced at $436. He enters into an agreement to pay $21 a month for…

A: GIVEN: Sammy wants to buy a new stereo priced at $436. He enters into an agreement to pay $21 a…

Q: An auto dealer advertised a down payment of $1,500 on a Mustang valued at $19,400. What is the…

A: we are given the Amount of down payment of Mustang= $1500                             Cost of down…

Q: A recent college graduate borrows $150,000 at an interest rate of 6% to purchase a condominium. A

A: Given a recent college graduate borrows $150000 at an interest rate of 6% to purchase a condominium.…

Q: Dobby borrowed $5,000 to start a foundation for recently freed house elves. If he pays the money…

A:

Q: Mr. Sun borrowed $15,600 for 54 months at simple interest to pay for a new swimming pool. If Mr. Sun…

A: Given, P=$15600 T=54/12=4.5yrs Rate=R

Q: Jake bought a new washer and dryer for $1439. He made a 15% down payment and financed the rest of…

A: The following formulae are used to find the required result. Monthly Payment=P0rn1-1+rn-ntFinance…

Q: Daniel paid $825 simple interest on a $1,400 loan for 5 years. What was the interest rate?

A: Here we have to find the interest rate i.e 'r'.

Q: What is her monthly payment on a 2010 Honda Civic priced at $4500 with a 15% interest rate for a 10…

A: formula for EMI is as below :

Q: An investor purchased a 93-day, Government of Canada T-bill that had a simple interest rate of 4.50%…

A: Given problem:- An investor purchased a 93-day, Government of Canada T-bill that had a simple…

Q: While buying a new car, David made a d payment of $1,100 and agreed to make end payments of $230 for…

A: Given- Down payment = $1,100 End payments of $230 for the next 4 years and 4 months. Interest rate…

Q: The couple has an initial amount of P50,000 to be deposited.

A: Option A: Principal =50,000 rate of interest =1.10% time = 3 amount…

Q: For the car loan described, give the following information. A car dealer will sell you the $30,750…

A: We need to find APR.

Q: An auto dealer advertised a down payment of $1,400 on a Mustang valued at $18,200. What is the…

A:

Q: Your total payment on a 7 year loan, which charged 6% annual simple interesr , amounted to $60,860.…

A: Given information -  Time period of the loan = 7 year. Rate of simple interest = 6% Total amount…

Q: What is $1,580/month in a weekly salary?

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Q: How much will you pay on interest if you buy a $217k home on 3.5% interest with monthly payments on…

A:

Q: Maddy Brown needed​ start-up money for her landscape service. She borrowed $11,000 for 42 months and…

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Q: Park bought a house 15 years ago, taking out a $140,000 mortgage at 6% interest for 30 years, making…

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Q: If I purchased an appliance for $2500 , paid $800 as a down payment and financed the remainder over…

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

Q: Find the amount due on a loan of $6500 at 8% simple interest at the end of 4 vear

A: Given P=$6500Rate= 8%Time = 4 yearsWe know that I=PTR100

Q: Sammy wants to buy a new stereo priced at $403. He enters into an agreement to pay $21 a month for…

A: Sammy wants to buy a new stereo priced at $403. He enters into an agreement to pay $21 a month for…

Q: How much will your principal be? At the end of 5 years, how much will you have to pay back? If you…

A: Here AS PER POLICY I SHOULD HAVE TO CALCULATE 3 SUBPART ONLY EVEN IF I HAVE CALCULATED 4 PLZ REPOST…

Q: Jennifer received a loan at 5% p.a. simple interest for 8 months. If he was charged an interest of…

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Q: $5000 are invested in a bank account at an interest rate of 5 percent per year.

A: