Determine the monthly payment if you take out a loan for $160,000 with an annual interest rate of 4.25% and the term of the loan is 20 years

Q: Find the savings plan

A: We have to find the savings plan balance .

Q: Selena and Dustin have a pre-approved mortgage for $249 000. The current annual interest rate for a…

A:

Q: Home Mortgage A couple who wants to purchasea home with a price of $350,000 has $100,000 for adown…

A: Total price of the house = $350000 Down payment=$100000 Unpaid balance= $350000-$100000…

Q: An annuity pays 5700 dollars on January 1 of each year, starting on January 1, 2000. If 23 payments…

A:

Q: Find the monthly payment needed to amortize principal and interest for the fixed-rate mortgage. Use…

A: loan amount(A) = $116000 interest rate=6.5%=0.065 term =20 years total payment(n) = 20 x 12 = 240…

Q: You want to buy a car. The loan amount will be $28,000. The company is offering a 2% interest rate…

A:

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

A:

Q: Determine the monthly payment if you take out a loan for $ 190000 with an annual interest rate of…

A: Given : Loan Amount  = $ 190,000 Interest rate    = 6.25% Time              = 20 years The formula…

Q: Amount borrowed is $250,000 and the interest rate is 8% . The loan amount is to be paid back in 6…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Use PMT=Prn1−1+rn−nt to determine the regular payment​ amount, rounded to the nearest dollar. The…

A: PMT=Prn1-1+rn-nt Price of small cabin=$75000 bank requires a​ 5% down payment The buyer is offered…

Q: You want to buy a $14,000 car. The company is offering a 2% interest rate for 48 months (4 years).…

A: We will find out the required value.

Q: Use PMT to determine the regular payment amount, rounded to the nearest dollar. The price of a small…

A: Answer

Q: Find the monthly payment for the loan. (Round your answer to the nearest cent.) A $509,000 home…

A: The answer is given as follows:

Q: Gary is buying a $1,250 computer on an installment plan. He makes a down payment of $150. He has to…

A: Ans is given in following photo

Q: The price of a home is ​$210,000. The bank requires a​ 15% down payment. The buyer is offered two…

A:

Q: You want to buy a $21,000 car. The company is offering a 3% interest rate for 60 months (5 years).…

A:

Q: Use PMT = to determine the regular payment amount, rounded to the nearest dollar. The price of a…

A: We will find out the required value.

Q: A house sells for $192,500 and a 35% down payment is made. A 15-year mortgage at 7% was obtained.…

A: As per bartleby expert policy, only first three subparts are to be answered. Kindly repost remaining…

Q: Use PMT = to determine the regular payment amount, rounded to the nearest dollar. The price of a…

A: Given that, the price of the cabin is $70,000 and the down payment is 5%. Obtain the down payment.…

Q: P Use PMT= to determine the regular payment amount, rounded to the nearest dollar. -nt 1- The price…

A: *** This is the problem related to financial mathematics and we are Advanced math expert and have…

Q: House cost $225,000, you put 20% down. Get 30 yr loan at 3%. What is the total amount of the monthly…

A: Given that, House cost = $225000, Down Payment = 20% of cost, Interest rate (r) = 3 % Time period…

Q: 1. Enrique takes out a student loan to pay for his college tuition this year. Find the interest on…

A:

Q: You want to buy a $25,000 car. You can make a 10% down payment, and will finance the balance with a…

A: To find the monthly payments

Q: Compute the monthly payments for each add-on interest loan. The amount of the loan is $1300. The…

A: Addon interest also known as simple interest formula is given by the equation; A=P1+rt100 Where A is…

Q: onsider a student loan of ​$17,500 at a fixed APR of 9​% for 20 years.

A:

Q: Harold Hill borrowed $16,600 to pay for his Child's education at Riverside community college. Harold…

A: Given that Harold borrowed $16600 at an interest rate of 212%. He must repay the loan at the end of…

Q: Find the monthly payments (just PMT) on a 20-year mortgage for $191,888 if the annual interest rate…

A:

Q: You want to buy a $160,000 home. You plan to pay 10% as a down payment, and take out a 30 year loan…

A: First, we have to find the total loan amount, and then we can proceed further.

Q: calulate the monthly loan payment if you borrow 100,000 over a period of 30 years at a fixed APR of…

A: Calculate the monthly loan payment if you borrow 100,000 over a period of 30 years at a fixed APR of…

Q: You want to buy a $33,000 car. The company is offering a 4% interest rate for 60 months (5 years).…

A: We have to find Monthly Payment.

Q: Compute the monthly payments for the add on interest loan. The amount of the loan is $9,963.00. The…

A: The interest for a loan of principal amount P for an interest rate of r% for t years is given by;…

Q: Martina borrowed money from a bank to buy a fishing boat. She took out a personal, amortized loan…

A:

Q: ats to start saving for a down payment on ccount that pays 3% annual interest, com n Carli's account…

A: Introduction: The formula of a loan of monthly payment A is given by, A=Pr12r12+1nr12+1n-1

Q: Your Friend buys $19,000 car. You friend is financing the purchase with a loan at 3.6% with monthly…

A:

Q: 2020 Honda Civic, Price is $22,000. Loan is 6 years at 3% interest monthly. Calculate the monthly…

A: Given Initial price of car P=$22,000Total time t=6 years Monthly interest i=3%

Q: The monthly payment for an add-on interest loan of $1940, with an annual interest rate of 7% and a…

A: Amount of loan P=$1940 interest r=0.07 yearly t=4 year payment mode- monthly. Formula for given…

Q: You want to buy a $32,000 car. The company is offering a 5% interest rate for 60 months (5 years).…

A:

Q: Find the future value (FV) of the annuity due. (Round your answer to the nearest cent.) $190…

A:

Q: Compute the monthly payments for the add on interest loan. The amount of the loan is $9,011.28. The…

A:

Q: Find the savings plan balance after 6 months with an APR of 4​% and monthly payments of ​$100. The…

A:

Q: You purchased a car on January 1, 2022 with a 10,000 dollar loan. Your loan carries an interest rate…

A: Given the principal amount is P=10,000 dollars Rate of interest is r=6%=0.06 Rate per month will be…

Q: Determine the monthly payment for the installment loan amount financed 950 annual percentage rate 6%…

A:

Q: new furniture set costs $ 2400. If you make a down payment of $ 700 and finance the rest at a rate…

A:

Q: You want to buy a $157,000 home. You plan to pay 10% as a down payment, and take out a 30 year loan…

A: # Given principal amount p=157000  Time =30 year & rate of interest r=5.55%  Then to find…

Q: You want to buy a car. The loan amount will be $32,000. The company is offering a 3% interest rate…

A: In this question, monthly payment is to be calculated. Loan The term loan refers to a sort of credit…

Q: 2020 Ford Escape, Price is $28,000. Loan is 6 years at 3% interest monthly. Calculate the monthly…

A: The given data is: PV=$28,000Loan=6 yearsn=6×12=72r=3  To calculate the monthly payment using the…

Q: Yukon

A: Please refer to the image below

Q: Willie deposits a fixed monthly amount into an annuity account for his child’s college fund. He…

A: We have to find monthly deposits and interest earned.