Bob Rohrman is offering a 2016 Toyota Camry for $29,000. If you have a $5,000 down payment and are able to borrow the rest at a 2.99% APR on a 48 month loan, how much will your payments be? (round to the hundredths place)

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: Find the discount if $2,000 is discounted for 6 months at 8% discount rate.

A:

Q: Miguel purchased a hot tub costing $5,030 by taking out an installment loan. He made a down payment…

A: Miguel purchased a hot tub costing $5,030. He made a down payment of $1,300. Financed the balance…

Q: Callie calculates the monthly payment is $578.92 for a 30 year $255.00 mortgage with a 3% rate. With…

A: Given : The monthly payment is $578.92 for a 30 year $255.00 mortgage with a 3% rate.

Q: JAB Consulting received a promissory note of $11,500 at 9% simple interest for 15 months from one of…

A:

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

A:

Q: A credit card company offers an annual 2% cash-back rebate on all gasoline purchases. If a family…

A: Let x be rebate at  the end year According to given data x/5800= 2/100 Multiplying 5800 on both…

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

A:

Q: Angela Montery has a five-year car loan for a Jeep Wrangler at an annual interest rate of 5.7% and a…

A: find explanation below

Q: Daniel, the owner of a hockey rink, received an invoice for $28,775 that had payment terms of 2/10,…

A: It is given that, Daniel received an invoice for $28,775 that had payment terms of 2/10, n/30 and…

Q: Find the monthly payment for the loan. Used car financing for $600,000 for 25 months at 11.75%.…

A: here we have to find the monthly payment for the loan. PV (present value of car) = $600,000 n(number…

Q: Jacqueline took out a $30,000 student loan with a fixed interest rate to pay for college. Jacqueline…

A:

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

A:

Q: Hernandez Engineering borrows $6,500, at 8% interest, for 150 days. If the bank uses the ordinary…

A: Principal Amount = $6,500 Rate of Interest = 8.5% time = 150 days

Q: Susan Company received an invoice for $77,000.00 that had payment terms of 2/5 n/30. If it made a…

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: Abigail purchased furniture for $4,500.00 and received an invoice dated June 2, 2013 with terms 4/10…

A: In this question, concept of Discount is applied. Discount When a seller sells items to a buyer, the…

Q: Consider a credit card with a balance of $7000 and an APR of 15.99%. In order to pay off the balance…

A: Given Amount borrowed =$7000 APR=15.99% Time =3 year

Q: A debt of P20, 000 is due on December 1, 2020. What was the value of this debt on December 1, 2018…

A:

Q: Used-car financing of $100,000 for 20 months at 8.75%. what is the monthly payment

A: Given: The principal amount to be financed is P=$100,000 for t=20 months at the interest rate of…

Q: Melissa Hernandez received an 8-year subsidized student loan of $29,000 at an annual interest rate…

A: It is given that Melissa received an 8-year loan of $29,000 at an annual interest rate of 4.5%.

Q: Shelby and Mark Lawrence were married a year ago and are planning to purchase a condo as their first…

A:

Q: . Akihiko instalment price of a smartphone is P30,000 for a 12-month loan. If a P3,000 down payment…

A:

Q: Jeffery Wei received a 7-year non-subsidized student loan of $30,000 at an annual interest rate of…

A: Solution: The objective is to find Jeffery's monthly loan payments for this loan after he graduates…

Q: 5. The Jacobs Family owned a condo in Bethpage Acres. They bought it for $130,000 6 years ago and…

A:

Q: JAB Consulting received a promissory note of $14,500 at 7% simple interest for 15 months from one of…

A: JAB Consulting received a promissory note of $14,500 at 7% simple interest for 15 months from one of…

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

A:

Q: Troy Juth wants to purchase new dive equipment for Underwater Connection, his retail store in…

A:

Q: George bought a car for $30,000. He makes a down payment of 15% What is the amount financed?

A: use basic math operation and evaluate the down payment for answer.

Q: 2. Mike deposited on March 12, 2020 at 10.5% simple interest. On September 8, 2020, the fund…

A: Solution

Q: Nicolas Cage borrowed $3,456 from his nephew to fund his new movie. Eight months later, he paid back…

A:

Q: Hernandez Engineering borrows $6,500, at 8% interest, for 150 days. If the bank uses the ordinary…

A:

Q: Mike deposited on March 12, 2020 at 10.5% simple interest. On September 8, 2020, the fund…

A:

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: Your friend has a credit card with an APR of 49.9%. What would his finance charge be on a $500…

A: From the given information, it is observed that APR = 49.9% Duration = 1 month Amount = $500 Note…

Q: Stephen lent $4,300.00 at a simple interest rate of 4.00% p.a. on March 15, 2014. Calculate the…

A: Given :-initial principal amount=$4,300.00interest rate=4.00% per annumDays Between Two Datesmarch…

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: monthly payment for the loan. (

A: Given that  Finance amount (P) = $855,000 Interest rate = 4.6% = 0.046  Monthly rate (r)= 0.003833…

Q: JAB Consulting received a promissory note of $13,500 at 9% simple interest for 15 months from one of…

A:

Q: Jacqueline took out a $30,000 student loan with a fixed interest rate to pay for college. Jacqueline…

A: The amount of loan she took P1 =  $30,000  The current loan amount balance P2 = $56,000   Percentage…

Q: Hernandez Engineering borrows $6,500, at 8% interest, for 150 days. If the 2 bank uses the ordinary…

A:

Q: Gabrielle purchased furniture for $3,500.00 and received an invoice dated May 5, 2011 with terms…

A: We know that, Cash discount refer to an incentive that a seller offers to a buyer in return for…

Q: Jane Windsor financed a $5,900 ski boat with a 12% add-on interest installment loan for 12 months.…

A: Ski boat cost=$ 5900Down payment need to pay on purchase=10100x5900=$590∴Remaining principal…

Q: Miguel purchased a hot tub costing $5,070 by taking out an installment loan. He made a down payment…

A: Amount which is financed is: A=5070-1300A=$3770Monthly installment:a=$173.77Number of…

Q: A homeowner has a mortgage payment of $995.60, an annual property tax bill of $589, and an annual…

A: The given data is: A homeowner has a mortgage payment of $995.60 The annual property bill is $589 An…

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: Luis lent $5,300 at 3.00% p.a. on March 15, 2014. Calculate the amount of interest she would receive…

A:

Q: A graduating college student owes $41,866 for a student loan. The loan charges an APR of 4.2%. What…

A:

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: Joseph borrowed Php 5,000 on November 2, 2015 from Arthemus, which is to be repaid on May 21, 2016…

A: Here we will find out the required value.

Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.