Calculate the total amount due after nine years on a loan of $1900 with a simple interest charge of 2%. 74100

Q: Samuel lent $2,060 at a simple interest rate of 2.50% p.a. to his friend on June 09, 2013. Calculate…

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Q: Pat bought a home for $165,000 and made a $25,000 down payment. She got a fixed rate mortgage at 5%…

A: Consider the given data  cost of home=$165,000down payments=$25,000rate of mortgage r=5%time t=30…

Q: Find the monthly payment for the loan. (Round your answer to the nearest cent.) A $255,000…

A: We find the monthly payment for the loan when $255,000 condominium bought with a 30% down payment…

Q: loan of $4,000 was repaid at the end of 10 months with a check for $4,270. What annual rate of…

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Q: Find the future value of this loan. $21,415 at 4.9% for 7 months The future value of the loan is $

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Q: Find the amount (in $) of interest on the loan. Principal Rate (%) Time Interest $50,000 6 months…

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Q: John made a lump sum deposit of $ 7,600 in an account that pays 6.5% per year. Find the value…

A: Given amount=$7600 , interest=6.5% , Time =5 yearsfind interest and maturity value

Q: Maggie took out a car loan in the amount of $54,200. Her loan agreement says that she will pay the…

A: Given: The loan amount is $54200. The interest rate is 15.1% compounded annually. The duration is 2…

Q: Leona Jefferson purchased a home and obtained a 25-year loan of $437,750 at an annual interest rate…

A: Simple interest problem

Q: Sarah lent $2,630 at a simple interest rate of 2.75% p.a. to her friend on August 06, 2013.…

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Q: Determine the total amount of a loan of $5400 at a simple interest rate of 2.1% for 8 years.

A: We have to find the total amount of loan at a simple interest. We know that in a simple interest,…

Q: accumulate enough money for a down payment on a house, a couple deposits $597 per month into an…

A: We will find out the required value.

Q: A bond has a 14000 face value, an 8 year maturity and a 3.05 coupon. Find the total of the interest…

A: Face value = 14000 Coupon = 3.05% Thus interest rate = 3.05% = 0.0305

Q: Find the amount (in dollars) indicated. (Round your answer to the nearest cent.) the monthly…

A: Given t=5 yearsr=4.75%PV= $40,000 Explanation let us consider an annuity that earns interest at an…

Q: Find the APR (rounded to the nearest tenth of a percent) for the loan described below. Purchase a…

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

A: The principal amount to be financed is P=$100,000 for t=20 months at the interest rate of r=8.75%…

Q: Mr. Sonny applied for a 250,000 php loan. He plans to pay for this loan annually at 8% per annum for…

A: Given that, Mr. Sonny applied for a 250,000 php loan. He plans to pay for this loan annually at 8%…

Q: Find the monthly payment for the loan. (Round your answer to the nearest cent.) Finance $350,000 for…

A: Let's say a person has taken a certain amount of loan and wants to repay it in equal installments.…

Q: Aaron lent $2,480 at a simple interest rate of 2.50% p.a. to his friend on July 10, 2013. Calculate…

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Q: ind the interest on the following loan $1050 at 5.5% for 3 months

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Q: You need a home loan of 95000 after your down payment.how much will your monthly house payment be if…

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Q: Find the monthly payment for the loan. (Round your answer to the nearest cent.) A $517,000 home…

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Q: Find the monthly payment for the loan. (Round your answer to the nearest cent.) A $513,000 home…

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Q: Find the monthly payment for the loan. (Round your answer to the nearest cent.) A $503,000 home…

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Q: Find the amount on P55, 000 at 5 ½ % simple interest for 5 years

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Q: urchased a new washer and dryer for $1,310.66 (including sales tax ar full purchase price and the…

A: Given, the cost of a new washer and dryer is given. The loan was given for 10 months. The cost of…

Q: Find the APR (rounded to the nearest tenth of a percent) for the loan described below purchase a…

A: Solution by using formula for APR as follows :

Q: Find the amount (in dollars) indicated. (Round your answer to the nearest cent.) the monthly…

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Q: Maritess bought a television set using her credit card with monthly payment of 1,200 php at 3%…

A: topic - application of geometric progression

Q: $5.000 deposit, simple interest at 8% for 3 years O 1125 O 1200 O 1275 O 1100

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Q: Find the amount of interest and the monthly payment for the loan described. Purchase of a living…

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Q: Find the APR (rounded to the nearest tenth of a percent) for the loan described below. Purchase a…

A: The living room set was purchased for $3,100 at 10% add-on interest for 3 years. The amount of…

Q: Rebecca earned $2,999 as interest by lending a certain amount at 2.00% p.m. for 16 months. b.…

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Q: Anny takes out an installment loan to finance the purchase of a pickup truck costing $14,900. Her…

A: The amount Anny need to pay with 60 months is 285·60=$17100 .

Q: If you borrowed $10,000 for 7 months at 17% annual simple interest, how much must you repay at the…

A: Solution: The objective is to find how much must you repay at the end of the 7 months

Q: rest cent.) 7.26 the total interest paid on the loan. 4122.95 dditional Materials eBook

A: Givan See the handwritten solution

Q: You take out a 7-yr car loan for $25,000 with a 7.5% APR. The fixed monthly payment is $383.46. How…

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Q: (c). $74,835 invested at 4% for 55 days. Balance = $ Number Interest = $ Number

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Q: Find the accumulated amount at the end of 9 months on a $2400 bank deposit paying simple interest at…

A: Formula used for simple interest:

Q: Find the monthly payment for the loan. (Round your answer to the nearest cent.) A $511,000 home…

A: We will solve the problem

Q: Luis Mahla purchases a Porsche Boxster for $43,800 and finances the entire amount at an annual…

A: Total cost = p.p + sales tax + license fee

Q: Find the interest and the amount to pay back on the following simple interest loans $875 at 8.7% for…

A: We have given principal amount  , rate of interest and time period and we have to find out interest…

Q: Find the interest and amount on P 800 at 6 ½% simple interest for 9 months

A: It is required to find the interest and final amount after 9 months.

Q: Anny takes out an installment loan to finance the purchase of a pickup truck costing $14,700. Her…

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Q: Peter lent $2,860 at a simple interest rate of 3.75% p.a. to his friend on September 08, 2020.…

A: This question involves concept of simple Interest. Simple Interest The interest rate is multiplied…

Q: Chez Bazan Bakery borrowed $24,300 for a new commercial oven. The simple interest loan was repaid in…

A: Follow the steps below to yield the result. First compute the simple interest amount. Calculate the…

Q: eased equipment worth $70,000 for 5 years. If the lease rate is 5.75% unded quarterly, calculate the…

A: Please refer to the image below

Q: Matthew obtains a 25-year $149,000 house loan with an APR of 8.04%. What is his monthly payment?

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

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