Anthony purchased a $212 stereo system at Wrigley's Department Store. He paid $49 down and agreed to pay the balance in 12 equal monthly payments. The finance charge was 9.9% simple interest. What was the amount of each payment?

Q: Miguel purchased a hot tub costing $5,010 by taking out an installment loan. He made a down payment…

A: Cost of hot tub=$5,010 Down payment=$1,300 hence the loan amount=$(5030-1300)=$3730 Payment each…

Q: A trader gives a 5% discount for cash payments. What cash discount will he give on a bill of…

A: The expression: "p% of q" is same as p100×q.

Q: Twenty years after purchasing shares in a mutual fund for $5900, the shares are sold for 11,300. The…

A: Thanks for the question :)And your upvote will be really appreciable ;)

Q: Mark borrowed $18,742 to help pay for expenses. If the loan carries an annual interest rate of 3.9%…

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

Q: Bianca bought a couch for $599 (before taxes), which included a $150 manufacturer coupon. How much…

A: retailer will receive ammount = selling price - coupon

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: To pay for a $22,200 car, Linda made a down payment of $3200 and took out a loan for the rest. On…

A: Price of car is $22,200 Linda made a down payment of $3200 Rest amount she took out a loan. Monthly…

Q: Miguel purchased a hot tub costing $5,010 by taking out an installment loan. He made a down payment…

A:

Q: Anna's employer covers 80% of the cost of a $5700-per-year health insurance plan, and her share of…

A:

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: Ichan bought a car, he puts Php25,000 down payment and make monthly payment of Php12,000. If his car…

A: In your problem, the interest rate is absent. Here we consider as no interest applied. Assume he…

Q: Scott took out a 72 month loan for $35.000 to purchase a new boat. If Scott paid $8,925 in simple…

A:

Q: Moira borrowed $3,500 from her grandfather to pay for her first year of college.  Four years later,…

A:

Q: Susie is paying $589.35 every month for her $150,000 mortgage. If this is a 30 year mortgage, how…

A: Consider the given question,Total mortgage value = $150,000 Monthly payment of Susie = $589.35Total…

Q: Anthony purchased a $218 stereo system at Wrigley's Department Store. He paid $46 down and agreed to…

A:

Q: Taylor plans to borrow $4,500 from the bank to purchase a used vehicle. If he borrows the money at…

A:

Q: To pay for a $23,800 car, Dante made a down payment of $3600 and took out a loan for the rest. On…

A: Given : Down payment = $3600 Loan Principal amount = 23800 - 3600 = 20200 Loan period = 12*5 = 60…

Q: Sammy wants to buy a new stereo price at $443 he enters into agreement to pay $22 a month for 24…

A: Cost of New Stereo = $443 He will pay $22 a month for 24 months to buy the sterio. Calculating the…

Q: Jane Doe has a job in Detroit, MI, that pays $45,550 per year.  How much can she afford to spend…

A: Given that. Salary per year =  $45,550 Set budget = 15% of monthly take home pay.

Q: Georgia purchased a new laptop, which was advertised for $950. She bought it on the installment plan…

A: Given : Price of laptop  = $950, Payment at the time of purchase = $60 Interest rate  = 12% Time  =…

Q: Susie is paying 594.16 every month for her 150,000 mortgage. If this is a 30 year mortgage, how much…

A: The monthly amount Susie paying per month = 594.16Total mortgage = 150,000The time period of…

Q: To buy a minivan you can pay $16,000 cash or put down $4750 and make 24 monthly payments of $551.50.…

A: To determine the total interest paid over 24 months.

Q: "Carole’s new job will pay $3,525 per month, but about 30% will be withheld for taxes. Estimate her…

A:

Q: An appliance center agent sold a set of kitchen utensils for P20,000 and got a P600 commission. What…

A: The rate of commission is calculated using the formula below.             Disclaimer: Since you…

Q: Jenn borrowed $900 from her sister at a simple interest rate of 1.5%. If Jenn will pay back her loan…

A:

Q: Arvin took out a small loan of ₱900 for 18 months. The simple interest rate on the loan was 10.5%.…

A:

Q: Yu-Feng Liang bought a used car for $8000. He made a down payment of $1000 and paid off the balance…

A: Value of Down Payment = $1000 Monthly payment of $202 for 48 months Total Payment made by Yu-Feng…

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: To pay for an SIK,600 motorcycle, Raina made a down payment of $4700 and took out a loan for the…

A:

Q: A family purchased a washer for $496. If they paid 25% down and agreed to pay the remainder in…

A:

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: Anthony purchased a $229 stereo system at Wrigley's Department Store. He paid $40 down and agreed to…

A:

Q: Victor used a 36 month line of credit for $15,000 to remodel his kitchen. If the interest rate is…

A: We have to find interest

Q: Sam Song plans to buy a $16,000 Ford Focus with an interest charge of $4,000. Sam figures he can…

A:

Q: 3. EVUH Used half 8f Kis paycheck for his car payment, then $125 for groceries. If he has $215 left,…

A: Assume the total amount for the paycheck be $ x. Now, calculate the total sum of the paycheck. Car…

Q: Juan bought a stereo with a sticker price of $850. If he paid $20 a week for a year, what was the…

A: Explanation: Given that: Price of stereo with a sticker is $850. Calculation: Juan paid $20 a week…

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: 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: Bailey received a loan of $13,690 from her friend. If she was charged the interest amount of $965 at…

A:

Q: Wally Chin, the owner of an ExxonMobil station, bought a used Ford pickup truck, paying $1,900 as a…

A: Here, payment made = $1990 percent left=75%

Q: You purchase a car for $12000 and agreed to pay it off in 48 monthly payments of $365 each. What…

A: Given Information: You purchase a car for $12000 and agreed to pay it off in 48 monthly payments of…

Q: Susie is paying $577.02 every month for her $150,000 mortgage. If this is a 30 year mortgage, how…

A: The formula used to calculate the EMI (monthly instalment) for a loan is: EMI = P×r×1+rn1+rn-1 Here:…

Q: Kyle took out a loan at a simple interest rate of 6% for 10 years. He ended up having to pay $12,000…

A:

Q: Johnny made ten annual payments of $1000 each into an account that pays 6% interest per year.  What…

A: The given question can be solved as shown in step2.

Q: Dave purchased a $22,000 life insurance policy at the price of $26 per $1000 of coverage. If he pays…

A: Dave purchased a $22,000 life insurance policy at the price of $26 per $1000 of coverage. If he pays…

Q: Fred recieved a check for $5,000 from the sale of some stocks, after both a 10% sales commission and…

A: Let total sales price be x Sale commission=10 % of x                          = 10100x x…

Q: At the start of the month, Stephen’s savings account had a balance of $1,624. He made a $420…

A:

Q: To pay for a 19,300 motorcycle, Keith made a down payment of 4500 and took out a loan for the rest.…

A:

Q: kenneth lent his niece $1,200 to buy a computer. two years later, she paid him back the $1,200 plus…

A: Given: P=$1200 I=$96 t=2years r=?