A motorcycle can be acquired for 5,000.00 down payment and a monthly payment of 3,000.00 for 3 years. Using 3% effective monthly rate, what is the cash price of the motorcycle?

Q: A $8,200 loan, taken now, with a simple interest rate of 5% per year, will require a total payment…

A: Explanation is given below..

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…

Q: What is the monthly payment on a 15-year mortgage of $200,000 at 6% interest? What is the total…

A: Let A be the monthly payment. r = interest rate per period = interest rate per month = 6% / 12 =…

Q: Tom is  considering purchasing a consol that promises annual payments of $4.  If the current…

A: Here, the annual payments of consol is $4 and the current interest rate is 5 %. Price of the consol…

Q: What would be the monthly payment on an add-on loan from a credit union at 6% over 36 months for the…

A: I solved with detailed analysis

Q: What discount rate is used if the present value ₱89, 400 amounts to ₱135, 800 for 4 years and 5…

A:

Q: Calculate the simple interest due on a 45-day loan of $3500 if the annual interest rate is 8%.…

A: Follow the procedure given below.

Q: Matthew wants to set up a sinking fund that will be worth $100,000 after 20 years of monthly…

A:

Q: The monthly invested payment is $. (Round up to the nearest cent.)

A: We have to find the monthly payment value of given sinking fund.

Q: The sale of a property provides for payments of $6,000 due at the beginning of every three months…

A: Quarterly payment =$6000 Quarterly rate =2.266917% The effective rate for 3 months 1+0.09123 Number…

Q: Find the mortgage payment for a 15 year loan of 224,900$ at an annual interest rate of 8.05%. Round…

A: Given Pmt=Mortgage payment P=loan amounts=$224900 r=rate per period=0.0805 n=number of payment=15

Q: Find the interest refund on a 33-month loan with interest of $2,859 if the loan is paid in full with…

A: Given, Total interest is $2859. Total time of loan is 33 months, loan is paid in full with 11 months…

Q: A retiree invests $8,000 in a savings plan that pays 6% per year. What will the account balance be…

A: Given  invested amount  =  $ 8,000 intrest rate  = 6% per year

Q: Consider a 30-year fixed-rate home loan of $417,500 with an interest rate of 5.875%. What is the…

A: We will find the monthly payment as following.

Q: If the simple interest on $3,000 for 7 years is $1,050, then what is the interest rate? The rate is…

A: We need to solve it by the basic formula of simple interest.First we need to specify the given…

Q: What Is the monthly payment for a $14,000 loan for 6 years with an annual interest rate of 3.8%?

A:

Q: What is the total payment required to pay off a promissory note issued for $600.00 at 10% ordinary…

A:

Q: Calculate the simple interest due on a 45-day loan of P1,600 if the interest rate is 9%

A: Concept: Here we shall use the formula for simple interest: SI=P×r×t100 Here P is the principal, r…

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: Find the savings plan balance after 1515 months with an APR of 55​% and monthly payments of…

A: We have to use the formula  Where P=payment= 250250 n= number of months=1515 i= interest rate=…

Q: A lending company advertises that for a fee of P10, you can immediately borrow up to P200 for one…

A: The formula relates present value(P), future value(F), interest rate(i) and the number of years(n)…

Q: You owe $5,000 on your credit card, and you plan to pay it off through monthly payments of $100. If…

A: We use formulas: Simple Interest(SI) = (PRT)/100, where P = Principal Amount, R = Rate and T = Time…

Q: A ripped motorcycle can be purchase for P10,000 cash or an installment basis with P2000 down payment…

A:

Q: In order to purchase a​ home, a family borrows $55,000 at an annual interest rate of 11​%, to be…

A:

Q: Consider a 30-year fixed-rate home loan of $408,500 with an interest rate of 5.125%. What is the…

A:

Q: Find the annual simple discount rate equivalent to an annual simple interest rate of 5.4% over a…

A: Given, Rate,r = 5.4% Time period, m =2

Q: If $7,000 is borrowed and repaid with four quarterly payments of $600 during the first year and four…

A: Concept: A branch of mathematics which deals with symbols and the rules for manipulating those…

Q: What is the monthly payment on a 25 year loan of $67,800 if the annual interest rate is 5%?

A: We have Principal loan amount, P = $67,800 Annual interest rate r = 5% = 0.05 Number of monthly…

Q: You want to build a $100,000 college fund in 18 years by making regular, end-of-month deposits.…

A: A = $ 100,000 Y = 18 APR = 3% n = 12

Q: A man borrowed P10,000.00 from his friend and agrees to pay at the end of 90 days under 8% simple…

A: # Given: principal amount P=10000  rate of interest r=8%   then to find amount to be paid at the end…

Q: Adam leases a car with an upfront payment of $1,629 and monthly payments of $197. Assuming there are…

A:

Q: The Premier Car Title Loan Company makes emergency loans of up to $500 for 1 month for a fee of 4%…

A:

Q: a loan is to be repaid for 9 years that will start at the end of 5 years. if the interest rate is 5%…

A:

Q: A loan of P95,000 is borrowed for 240 days at a simple interest rate of 12.3 percent per year. What…

A:

Q: Determine the amount of the semi-annual coupon for the bond with a face value of 300,000 that pays…

A: Given: Face value, F=300,000 Coupon rate, r=10% The objective is to find the amount of the…

Q: Find the principal for a loan that has earned interest of $5500 with an annual rate of 10% for 5…

A:

Q: You have the option to take out a 30 year mortgage with an APR of 4.9% what will your monthly…

A:

Q: Consider a student loan at $12,500 at a fixed APR of 12% for 25 years the total payment over the…

A: Given information Loan=$12,500 Fixed APR r=12% ⇒r=12100=0.12 Time t=25 years First of all we will…

Q: Mr. Cruz obtained a 16-year mortgagee for 3,592,974. If this monthly payment is 17,520 how much is…

A:

Q: What is the monthly payment on a 25-year loan of $62,700 if the annual interest rate is 5% ?

A:

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

A: Given:monthly payment =17,000 Interest rate=12% Formula used: PV annuity=P×1-1+I-nI

Q: A payment of R150 000 due in 30 years' time is purchased from a company by means of level monthly…

A:

Q: Adam leases a car with an upfront payment of $1,873 and monthly payments of $182. Assuming there are…

A: We have to solve above question and find what will be the total cost of a two-year lease

Q: A retiree invests $9,000 in a savings plan that pays 5% per year. What will the account balance be…

A:

Q: If $1000 is borrowed and the interest after 24 months is $300, what is the annual interest rate for…

A:

Q: The principal is $3,000,000. Mortgage payments are paid monthly. Compare the mortgage payments for a…

A: Since we know the principal value is 3000000, we can say that the present value for both the…

Q: you purchase $24,000 in U.S. Treasury Bills with a discount rate of 4.9% for a period of 26 weeks,…

A: Principal =$24000, Time, T = 26 weeks = 182 days = 0.505 years Discount rate = 4.9%

Q: Violet is planning to make 30 semiannual loan payments of 1300 dollars each. If her bank charges…

A: How much principal is in the 22nd payment?

Q: Consider a 30-year fixed-rate home loan of $535,500 with an interest rate of 5.25%. What is the…

A:

Q: what is the FV of the investment. Round  to nearest cent. $7,000 for 4 years at 4.75%  annual…

A:

Q: Consider a home mortgage of ​$150,000 at a fixed APR of 4.5​% for 15 years. b. Determine the…

A: We will find the answers to all the parts as following.

Q: Consider a 30-year fixed-rate home loan of $415,500 with an interest rate of 3.375%. What is the…

A: Given that  Fixed rate P=$415500 Rate of interest R=3.375% Time T=30 years let total amount after 30…

Q: a new car is to be purchased for Ş14 500. A car dealer computes the monthly payment to be $267 for…

A: PV=A[(1-(1/1+R)^n)/r^(P)] PV=initial amount A=regular withdrawal amount n=number of years/period…

Q: You are currently making $70,000 a year after taxes and are interested in maintaining your current…

A:

Q: () A loan of P50,000 is made for a period of 20 months, at a Simple interest rate of 20% ,what…

A:

Q: The maturity value of a 50-day loan of $530 is $540. What is the annual simple interest rate (in…

A: