Dobby borrowed $5,000 to start a foundation for recently freed house elves. If he pays the money back over 6 years and  owed the bank a total of $5975. What interest rate does the bank charge?

Q: Corey would like to purchase a new car for $28,000.  How much will his monthly payments be if he…

A: Given that: Principal amount of loan, P=$28000TIme period of loan = 5 yearsRate of interest, r=5.75%

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: 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: If an amount $2144 at a simple interest rate of 10% for 4 years. Then the simple interest is $. O…

A:

Q: Mr. Jackson borrowed money from his bank and on his life insurance to start a business. His interest…

A:

Q: If you want to earn 14% annual simple interest on an investment, how much should you pay for a note…

A: We Have Interest= Principal * rate * time(in years). Interest = 6200 Rate=14/100 and time= 6 months…

Q: What was Yvette's monthly payment?

A: Balance after 36th payment = 6521.43 Balance after 37th payment = 6151.8 For monthly payments…

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

A:

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

A:

Q: karen and wayne need to buy a refrigerator because theirs just broke. unfortunately, their savings…

A:

Q: Michelle Payne deposited $12,000 in a savings account paying 6.25% simple interest. How long (in…

A: Let it will take t years to be a amount of $12,000 deposited in a accountunit 6.25%.Simple interest…

Q: On January 1, 2009, Molly owed $7,388 to her friend Juan, who was kind enough not to charge Molly…

A: Given, The amount of money Molly owed to Juan on Jan 1 2009 is =$7388 The amount of money Molly owed…

Q: If you would like to make $1079 in 5 years, how much would you have to deposit in an account that…

A: Given that $1079 has to be made in 5 years and the simple interest rate is 7%. It is required to…

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

A: We will find out the required value.

Q: If sue borrowed $6300 from the bank , she has already paid 2/7 of the loan, whats the remaining…

A:

Q: You owe $5,000 on your credit card, and you plan to pay it off through monthly payments of $100. If…

A: We use formulas: Simple Interest(SI) = (PRT)/100, where P = Principal Amount, R = Rate and T = Time…

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: A payday loan company charges a $90 fee for a $600 payday loan that will be repaid in 20 days.…

A:

Q: your total payment on a 2 year loan, which charged 9% annual interest, amounted to $40,260. how much…

A: Given data is: Future value is FV=$40,260 Annual interest r=9% Time t=2 year To find how much did…

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: a car costs $12500 and youre offered a loan that requires $800 down and a monthly payment of 228.29…

A: Monthly payments of 228.29 for 66 months contribute to 228.29*66 = 15067.14   And 800 down payment.…

Q: The interest rate on an $859.50 debt was 104%. For how many months was the loan outstanding if it…

A: Given: The interest rate on an $859.50 debt was 1014%. Find for how many months was the loan…

Q: Lainee would like to purchase a new car for $45,000.  How much will his monthly payments be if he…

A:

Q: present value of the loan

A:

Q: A payday loan is made for four weeks, where the amount of interest owed per $⁢100 borrowed is $10.…

A: Principal = $800 Time period for the loan = 4 weeks Amount of interest owed per$100 is $10   Total…

Q: A man bought his girlfriend a new necklace for $259. Instead of paying cash, he paid $19 down,…

A: Given,       the cost price of the necklace is $259       the discount given on the necklace is $19

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: Connor bought a house for $215,000.00, paying 10% down, financing the rest at 7% interest for 25…

A: The objective is to find monthly payment and interest over the life of loan.

Q: Mr. Sun borrowed $15,600 for 54 months at simple interest to pay for a new swimming pool. If Mr. Sun…

A: Given, P=$15600 T=54/12=4.5yrs Rate=R

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: On January 1, 2009, Deandre owed $9,230 to his friend Mariah, who was kind enough not to charge…

A: Introduction: It can be assumed that Person D payed some amount back to Person M for each of the 12…

Q: Sonia received a statement on her Certificate of Deposit showing that her investment had returned…

A:

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

A:

Q: Stefan borrowed $8,950 for an engagement ring. At a 6.85% simple interest rate, how much total will…

A:

Q: Mr. Jackson borrowed money from his bank and on his life insurance to start a business. His interest…

A:

Q: How much will you pay on interest if you buy a $217k home on 3.5% interest with monthly payments on…

A:

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: Ernie Rolph borrowed ​$7400 at 8​% annual simple interest. If exactly 1 year later he was able to…

A: Consider a person who borrows $7400 at 8% annual simple interest. He is able to repay the loan…

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

A:

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

A: image is attached

Q: On May 28, 2020, Amy purchased a Government of Canada T-bill that matures on August 4, 2020. How…

A: Future value is $10,000 Rate of interest 1.35%

Q: Mr. Samson received annual salary of ₱30,000. At the end of the year, what would be his 13th month…

A:

Q: If Ms. Smith receives an income of $26,247 per year, how much does she receive each month?

A: If Ms. Smith receives an income of $26,247 per year, how much does she receive each month

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

A:

Q: In 2016 Donald Trump admitted he received a small loan of a million dollars from his father if he…

A: We can use this formula to compute the monthly payment,  Monthly payment = P×r(1+r)n1+rn-1 Where P…

Q: If you pay $5,500 for a simple interest note that will be worth $6,000 in 21 months, what annual…

A: topic - percentage