$2,000 deposit, simple interest at 6% for 2 year O 225.20 O 269.02 O 302.85 O 240

Q: IKEA Furniture's forniture with 3year Biaple isterent 84 interest What is maturilyy sahue of loan?…

A: We have to find the extra amount to be paid first.

Q: My first 30-year fixed mortgage was for $200,000 at 6.25%. Determine my monthly mortgage payments.

A:

Q: Good Bikes, Inc. adds 12% simple interest to cover other operating costs. Louie buys a P10 000 bike…

A: topic - simple interest

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: Mr. Luke Fajardo took out a bank loan. He was given P1,342 by the bank and pledged to repay P1,300…

A: Given that, The bank has given him P=1342. He needs to repay, M=1300. Time, t=1 year. We know the…

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

A:

Q: What are Jeffery's monthly

A: Given: Jeffery Wei received a 6-year non-subsidized student loan of $31,000 at an annual interest…

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

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: Find the interest refund on a 33-month loan with interest of $2,859 if the loan is paid in full with…

A: Given, Total interest is $2859. Total time of loan is 33 months, loan is paid in full with 11 months…

Q: Jungkook purchased a new car under these terms: 800,000 php downpayment and 17,500 php each month…

A:

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: Bill borrows 3500 dollars, to be repaid with 12 equal monthly payments, the first coming 6 months…

A:

Q: Mr. Ramirez borrowed P180,000.00 two years ago. The terms of the loan are 10% interest for 10 years…

A: Mr. Ramirez borrowed P180,000.00 two years ago. The terms of the loan are 10% interest for 10 years…

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: the monthly payments necessary on a 5 year loan of $40,000 at 4.75%

A:

Q: my house cost $249,900 my down payment is 20% my interest rate 3.65% my loan type is 30 years. what…

A:

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

A:

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

A:

Q: Brent deposits P25 000 on August 13, 2020 and had deposited the same amount on the same date every…

A: Given that: Brent deposits P25000 on Aug 13, 2020 and had deposited the same amount on the same date…

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

A:

Q: A loan is issued for $15,000 with a simple interest rate of 4% for 5 years. Calculate the interest…

A:

Q: What price should you be willing to pay for the following bond? 5 year $5000 bond; interest at 3.5%

A: Recall the following fact.

Q: Jeffery Wei received a 6-year non-subsidized student loan of $31,000 at an annual interest rate of…

A:

Q: Find the amount (in $) of interest on the loan. Principal Rate (%) Time Interest $13,800 9.4 years $

A: We have, Principal, P = $13800Rate of interest, r= 9.4% = 0.094 and Time, t  = 534yrs = 234yrs

Q: Alan decides to buy a home. He takes out a mortgage of $400,000 with an interest rate of 4.6%.…

A:

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

A:

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

A:

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

A:

Q: Mark borrowed 65,000 php from Rhenz under the following conditions: simple interest rate of 2.5%; to…

A: Given query is to find the interest amount.

Q: You sign a simple discount promissory note for $7,000 at a discount rate of 3%, for 48 months. What…

A:

Q: 10. Curtis bought a condominium for $319 000 and made a down pa for a five-year fixed rate mortgage…

A: Introduction: The formula of the monthly payment is given by, Monthly Payment=A×RN1+RNNT-1 where A…

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: Jeffery Wei received a 7-year non-subsidized student loan of $33,000 at an annual interest rate of…

A: Since it is a non-subsidized loan, interest would accrue during the 4 years Jeffery is in college.…

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: Adam Lisa's a car with an upfront payment of $2,708 and monthly payments of $156 assuming there is…

A:

Q: Sandra buys a new car for $18,600. She puts 15% down and obtains a simple interest amortized loan…

A: Here, Car price= $18,600 Down payment=0.15 Annual rate= 6.25% Number of months= 5*12= 60 months

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: You will have a 350,000 mortgage for 30 years at the rate of 2.39%. What will your monthly payment…

A: We will find out the required monthly payment.

Q: Find the ending balance: $3,000 for 30 years 3.5% annual simple interest

A: Simple interest (si) is calculated as  SI = P×R×T  Where P= principal amount              R= Rate of…

Q: On March 26, 2016, Emmett borrowed $81,2 July 6, 2017. a) How much was the maturity value of the $…

A:

Q: Jeffery Wei received a 7-year non-subsidized student loan of $32,000 at an annual interest rate of…

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: Find the future value of this loan. $23,783 at 10.7% for 11 months

A:

Q: Discount

A:

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…

Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.