Corey would like to purchase a new car for $28,000.  How much will his monthly payments be if he took out a 5-year loan at 5.75% interest? Show your work.

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: The ordinary simple interest charged after 130 days on a loan of P 10,200 is P575. Find the interest…

A: Given: P=10,200I=575R=?T=130  days

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

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: What is her monthly payment on a 2005 Jeep priced at $7000 with a 13% interest rate for a 10 year…

A: Given Initial price of jeep P=$7,000Total time t=10 years Monthly interest i=13%

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

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Q: The Habers purchase a $6500 living room set and take out a two-year loan for the entire amount at…

A: given  principal P=$6500 interest rate i=26% i=2612 =2.1666% =0.021667 time t=2 years number of…

Q: How much will you pay on interest if you buy a $213,000 home on 4.6% interest with monthly payments…

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

A:

Q: Joe Levi bought a home in Arlington, Texas, for $125,000. He put down 30% and obtained a mortgage…

A:

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: Steven wants to buy a new couch priced at $558 and agrees to pay for it over two years with a…

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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: Find the simple interest and total amount if you borrow $8000 at 12% for 3 years.

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Q: Elon has misplaced the sales contract for his car and cannot remember the amount he originally…

A: Elon has misplaced the sales contract for his car and cannot remember the amount he originally…

Q: Carolyn borrowed $38,500 to pay for college. If the interest rate is 3.2%, how much total will she…

A: A = P(1+r/100)n P = Principle A = amount r = interest rate n = number of years

Q: Kevin buys a $4,317 air conditioning system using an installment plan that requires 9.5% down. How…

A:

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

A: The solution is given below

Q: Kanye wants to save $16,000 in 6 years by making monthly payments into an ordinary annuity for a…

A: Given Kanye wants to save $16,000 in 6 years by making monthly payments into an ordinary annuity…

Q: Jonathan wishes to buy a used Chevy Malibu for $12,500. He only has $1,000 for a down payment so the…

A: Simple interest is given by I=PTR/100

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

A:

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

A: Loan amount = 264,000 x (70%) = 184,800 Let's assume the monthly payments (EMIs) are made to pay…

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: Ruth availed of a cash loan that gave her an option to pay P5,000 monthly for 1 year. The first…

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: Mr. Smith buys a television that is listed for $1500. He pays $500 down and pays the balance in 12…

A:

Q: Colleen has an offer to buy a car with a sticker price of $25,900 by paying $460 a month for 72…

A:

Q: A friend lends you $860, which you agree to repay with 2% simple interest. How much will you have to…

A: Other

Q: Susie is paying $531.8 every month for her $150,000 mortgage. If this is a 30 year mortgage, how…

A: Consider the given question,Total mortgage = $150,000 Monthly payment of Susie = $531.8Total time of…

Q: Daniel paid $825 simple interest on a $1,400 loan for 5 years. What was the interest rate?

A: Here we have to find the interest rate i.e 'r'.

Q: What is her monthly payment on a 2010 Honda Civic priced at $4500 with a 15% interest rate for a 10…

A: formula for EMI is as below :

Q: An investor purchased a 93-day, Government of Canada T-bill that had a simple interest rate of 4.50%…

A: Given problem:- An investor purchased a 93-day, Government of Canada T-bill that had a simple…

Q: Maria paid ₱9,300 on a loan made 6 months before at 14% simple interest. Find the interest…

A:

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: 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: Mary and Kevin buy a vacation home for $350,000 down and take out a 15- year mortgage for the…

A:

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

A:

Q: Morgan loaned $3100 to Rolf at a simple interest rate of 0.65% per month. What was the term of the…

A: Here I am using simple interest formula.

Q: Patty took out a payday loan for $700 due in 2 weeks that charged a $140 fee. What is the periodic…

A: We can find the annual  rate of interest as follows

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: Maddy Brown needed​ start-up money for her landscape service. She borrowed $11,000 for 42 months and…

A:

Q: The simple interest on a $7,600 loan at 7% per year amounted to $4,788. When did the loan mature?

A: To Determine: The simple interset on a $7600 loan at 7% per year amounted to $4788. When did the…

Q: A new furniture set costs $2500. If you make a down payment of $500 and finance the rest at a rate…

A:

Q: Find the interest paid by veronica on P35,000 that she borrowed for 2 years at 15% simple interest.

A: Given: P=$15000t=2 yrsr=15%

Q: You want to make monthly payments of $440, but you don't want a car loan over your head for more…

A: Let the loan amount is P. it is given that monthly payment M is 440. the interest rate is 0.015…

Q: How much will your principal be? At the end of 5 years, how much will you have to pay back? If you…

A: Here AS PER POLICY I SHOULD HAVE TO CALCULATE 3 SUBPART ONLY EVEN IF I HAVE CALCULATED 4 PLZ REPOST…