Alex would like to purchase a new car for $20,000.  How much will his monthly payments be if he took out a 3-year loan at 6.75% interest?     $615.26     $616.52     $625.16     $652.61

Q: If you want to earn 4% annual simple interest on an investment, how much should you pay for a note…

A:

Q: Jaime’s refrigerator loan statement said that he would pay $1,026 as interest after 4 years at an…

A:

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

A:

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

A: Adding the sales tax we get the amount of money borrowed is equal to  1598+5% of 1598 =1598(1+5/100)…

Q: 2. Nicole and Janice received a total of P 600 in 5-peso coins last Christmas from their…

A:

Q: Sammy wants to buy a new stereo priced at $ 442 he enters into an agreement to pay $22 a month for…

A: According to the agreement Sammy pays $22 for 24 months, Therefore the amount she paid is 22×24=528…

Q: If Tanya purchased a $1,700 set of golf clubs on a 9-month layaway plan and had to pay a monthly…

A: Given that $17000 set of golf clubs is purchased. Monthly payment is $201 and number of months is 9.…

Q: Lee Sutherlin is a self-employed electrical consultant. He estimates his annual net earnings at…

A: Given that gross earning is $38,300 To find the withholding for the social security, apply the rates…

Q: How much interest (to the nearest dollar) would be saved on the following loan if the condominium…

A: NOTE: Refresh your page if you can't see any equations. . the down payment is 30% of the price so…

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

A:

Q: Michael needs Php 10,000 for the renovation of their house. If he will apply for a discounted one…

A: Simple interest(I) of principal amount P, with rate of interest r% for t years is given by, I=…

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

A:

Q: Mr. Jackson borrowed money from his bank and on his life insurance to start a business. His interest…

A:

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

A: Cost of necklace = $259 Down Payment = $19 Amount left to be paid = Cost of necklace - Down Payment…

Q: How much money does Nora have for her car down-payment if she invests $750 at a monthly interest…

A:

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: Monique buys a $5,127 air conditioning system using an installment plan that requires 12.5% down.…

A:

Q: karen and wayne need to buy a refrigerator because theirs just broke. unfortunately, their savings…

A:

Q: Dean is planning to purchase a new Nissan Altima which costs $26,865.  He has saved up $3,200 to put…

A:

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

A: From the given information we want to find the monthly payment.

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

A:

Q: If you have a business loan and you pay 1,133.62 each month for 20 years on the loan, what is the…

A:

Q: a car costs $12500 and youre offered a loan that requires $800 down and a monthly payment of 228.29…

A: Monthly payments of 228.29 for 66 months contribute to 228.29*66 = 15067.14   And 800 down payment.…

Q: If you are selling your house with a local realtor who requires a 3% commission fee what can you…

A:

Q: Mr. Jackson borrowed money from his bank and on his life insurance to start a business. His interest…

A: .as per our norms we are allowed to solve one question at a time.  Kindly repost the remaining…

Q: Santos has a poultry farm in General Santos City. Every week, he earns 593,840 for chicken and…

A: The price for which an article is bought is called its cost price. The price at which an article is…

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

Q: If a car priced  at $17,305 is offered for nothing down with 60 monthly payments of $397.63, what is…

A: Given Information -  Cost of the car = $17,305 Monthly payments to clear the debt = $397.63 Number…

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: a man buys a car for 34,000 if the interest rate on the loan is 12% compund monthly and if he wants…

A: Given that  a man buys a car for 34,000 if the interest rate on the loan is 12% compund monthly and…

Q: What interest will be charged on a $1200 loan for 9 months if the rate is 12%simple interest

A: In the given question we have to calculate the simple interest on $1200 loan for 9 months at the…

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: You buy a house for $280,000 and pay $25,000 down.  The rest is financed for 30 years at 6.5%…

A: Here, Value of House is $280,000 Down Payment is $25,000 Loan Amount (PV) is: Interest Rate (Rate)…

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…

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

A: Given, Sears offers them an installment loan at 16% (add-on rate). If the refrigerator at Sears…

Q: How long will it take a borrower to diminish P198, 480 if a lender charges 15.65% monthly and…

A:

Q: If you pay $20.55 each month for your cell phone for two years, how much is the total cost of your…

A:

Q: A car dealer will sell you the $16,150 car of your dreams for $3,290 down and payments of $338.97…

A: Let the APR (annual interest rate ) be r . r is determined in the following steps

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

A: Given: Price of refrigrator = $1538 + 5% sales tax, Rate of interest = 14%, Number of years = 3…

Q: Jenelle bought a home for $430,000, paying 12% as a down payment, and financing the rest at 4%…

A:

Q: Jackie has a saving account that promises to increase her balance by 1.5% per year. If she deposits…

A:

Q: Mr. Jackson borrowed money from his bank and on his life insurance to start a business. His interest…

A:

Q: Mr. Johnson borrowed $8000 for 4 years to make home improvements. If he repaid a total of $10,320,…

A:

Q: You want to buy a $241,000 home. You plan to pay 15% as a down payment, and take out a 30 year loan…

A: The total price of the home is $241,000. The down payment will be 15% among the total price.  Rest…

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

A: Given : Sears offers them an installment loan at 13% (add-on rate). If the refrigerator at Sears…

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

A: Given: Cost of refrigerator is $1500+5%sales tax. Interest rate of installment loan offered by…