Don buys a car for $22,500. Don gets a loan for 5 years with an interest rate of 3% per year. How much total interest will Don pay over the five years? $675 $3.375 $25,875 $19.125

Q: You want to be able to withdraw $30,000 each year for 30 years. Your account earns 6% interest. a)…

A:

Q: You deposit $100 each month into an account earning 5% interest compounded monthly. a) How much will…

A: NOTE: Refresh your page if you can't see any equations. . here we have PMT=100 t=15 years n=12 for…

Q: You deposit $200 each month into an account earning 3% interest compounded monthly. a) How much will…

A:

Q: A man borrowed P2000 from a bank and promise to pay the amount for one year. He received only the…

A: Solution

Q: Pearl purchase a $278 car stereo at worst buy he paid $23 at the time of purchase and agreed to pay…

A: Solution

Q: You want to be able to withdraw $40,000 each year for 15 years. Your account earns 6% interest.a)…

A: From the given information, the amounts withdraw $40, 000.The number of years is 15 and interest is…

Q: Evelyn borrows $33,000.00 to buy a Honda Civic. She pays $580.00 a month for 5 years. How much total…

A: Cost of Honda Civic = $33,000 She pays $580 per month for 12*5 = 60 months

Q: Lynn needs to borrow $5500 for cosmetic surgery. She obtains a loan from her grandmother for 48…

A: Given: Lynn borrows a loan for cosmetic surgery of $5500 at simple interest rate 7.3% for 48 months.

Q: Jerry borrowed $4,000 for 5 years at 6% simple interest rate. How much interest is that? ____ $800…

A: All values given.. Use the formula of simple intrest.. And put the values..

Q: Kenneth wants to have PhP 5,000,000 in his account when he retires in 25 years. The retirement…

A: Annuity Formula: PN=d((1+rk)Nk−1)(rk) PN is the balance in the account after N years. d is the…

Q: A newspaper advertisement offers a $9,000 car for nothing down and 36 easy monthly payments of…

A: Given: Principal amount of car $9,000 Monthly payments  $347.50 Number of payments 36

Q: Mary Branson invested her summer earnings of $5000 in a savings account for college. The account…

A: Soln  Here,  P= $5000                      r = 4.5% = 0.045                      t = 3

Q: Mohamed accepted a new position as an electrician. Mohamed has a starting annual salary of 65,000…

A: Given Annual salary(P)= 65000/- Expected raise(r)= 2.4% No. of years(t)= 10

Q: deposited ​$7,000 into a savings account 5 years ago. The simple interest rate is 2​%. How much…

A:

Q: Dagmar has a 4-year car loan at an annual interest rate of 6.5%. She has made 28 payments of…

A:

Q: House cost $225,000, you put 20% down. Get 30 yr loan at 3%. How much interest did you pay over 30…

A: Given problem is :

Q: Neema bought appliances costing ​$3795 at a store charging 5​% ​add-on interest. She made a $600…

A: Given that, The principal amount, P=3795-600=3195 The interest rate, r=0.05. The number of times…

Q: Jessica ANarado Raul inherited $3,500.00 from his grandmother. He wants to use the money to take his…

A: Given that:                        Money inherited, P=$3500Time , t=21 monthsRate of interest,…

Q: Joaquin pawns his favorite watch for a loan of $120. After 30 days, he buys his watch back for $140.…

A: Given, Joaquin pawns his favorite watch for a loan of $120. After 30 days, he buys his watch back…

Q: You have $4,000 on a credit card that charges a 12% interest rate. If you want to pay off the credit…

A: For the given  Amount = 4000  and interest rate = 12 % The amount need to pay each month for a…

Q: Martin deposits $7,000 in an account with a rate of 3.25%.Find the amount of interest earned and the…

A: To find- amount of interest.

Q: Dobby borrowed $5,000 to start a foundation for recently freed house elves. He gets a 3.25% interest…

A:

Q: loan

A:

Q: You want to be able to withdraw $40,000 each year for 25 years. Your account earns 5% interest.a)…

A: Consider the given question,Given regular withdraw amount(d) = $40,000Number of years(n) = 25…

Q: You deposit $500 each month Into an account earning 5% Interest compounded monthly. a) How much will…

A: a) Obtain the amount in the account after 30 years as follows. Use the formula below.…

Q: Neema bought appliances costing ​$3735 at a store charging 7​% ​add-on interest. She made a $900…

A: Formula: A=P1+rnnt where A= Final Amount P= Initial Amount r= Rate of Interest t= Time period n=…

Q: You want to be able to withdraw $25,000 each year for 15 years. Your account earns 7% interest. a)…

A: (a) $227698 (b) $375000 (c) $147302

Q: George bought a car for $30,000. He makes a down payment of 15% What is the amount financed?

A: use basic math operation and evaluate the down payment for answer.

Q: Q15: Your family has annual loan payments equal to 28% of its annual income. During the year,the…

A: 15. Let the annual income of family is $x. Now, it is given that annual loan payment is 28% of…

Q: Find the amount at the end of the specified time.  P = $30,000, r = 4%, t = 6 years, m = 4

A: The compounded amount is given by A=P1+rmmt where P is the principle, r is the rate of interest, m…

Q: Mary Branson invested her summer earnings of ​$3000 in a savings account for college. The account…

A: Given principal amount P=$3000 interest rate r=1.5%=0.015  investment period t=3 months =14years.

Q: Angela was given a 5 year add on interest loan for $7620 to pay for new equipment for her home. The…

A: Given information P=$7620 Rate of interest r=6.05% ⇒r=6.05100=0.0605 And number of years t=5 years…

Q: A man buys an electric fan from a merchant that charges P1,500 at the end of 120 days. The man…

A:

Q: Shyna borrowed Php. 35,000 with an annual interest of 6%. How much would be the interest? a. 2,100…

A:

Q: Jerry takes out a 30-year mortgage for $190,000.00 to buy a condo. His monthly mortgage payment is…

A: The total amount taken to buy a condo is $190,000 for mortgage of 30-years which mean 360=30×12…

Q: Johnny found a job at McDonalds with a starting salary of $27,000. He is guaranteed a raise of 4.75%…

A:

Q: Leo borrowed P35,000 from a bank that charges 7½% simple interest. How much will the interest be…

A:

Q: 2. Three years ago, Jerry purchased a co-op. This year his monthly maintenance fee is $1,397. Twenty…

A:

Q: Find the interest. Round to the nearest cent. John borrowed $4800 from his aunt to buy a car. He…

A: Formula:

Q: Ernie Rolph deposits ​$7150 at 4​% for 1 year. How much interest will he​ earn? What is the account…

A: Given query is to find the amount after 1 year.

Q: Ethan borrowed $2,190 for a new dirt bike. He will pay the money back in 3 years with a simple…

A:

Q: Lindsey bought a new car for $29,000. She paid a 20% down payment and financed the remaining balance…

A:

Q: Camille invested $3,000 into an account that earned annual simple interest. She made no additional…

A:

Q: a repa

A: Kara makes a monthly payment of = $175

Q: Juan went to his local car dealership. He decided to buy a $24,390 car. His loan was approved at an…

A: Given, PrincipalP= $24,390Rater=5.3%Timen=5 years The formula for finding the total amount paid by…

Q: Fran deposits $1.000 in an employees' savings ac- count at 6 percent. How many months will it be…

A:

Q: Mike saves $2,000 at a yearly simple interest rate of 2%. He earns $280 in interest. For how many…

A: The solution is given below

Q: George had to borrow $24,000 for a new car for 7 months. The interest rate was 13% per year. How…

A: The interest formula is PRT100 where P is the amount borrowed; R is rate of interest in percentage…

Q: Mary took out a loan for $46,000 for her daughter's wedding. She can borrow the money from a bank…

A: To determine the monthly payment if the loan amount is $46000 and interest rate is 6.25% and the…

Q: Neema bought appliances costing ​$3765 at a store charging 6​% ​add-on interest. She made a $900…

A: Cost of the appliance = $3765

Statements and Logic

Logic is the analysis of general patterns of thoughts without regard to any specific sense of context.