eeds extra money to buy a truck to start up a delivery service. He takes out a simple interest loan for $4000.00 for 3 mon

Q: You decides to buy a car by making a deposit of 20% and R2500 every month for 3 years. If the…

A: periodic monthly car payment =R2500 calculating the loan amount of car using the PV of annuity…

Q: Andre takes out a student loan for his first year of civil engineering. The loan agreement states…

A: Given query is to find the loan amount.

Q: If you lend $4000 to a friend for 15 months at 8% annual simple interest, find the future value of…

A: Given: P=4000r=0.08n=1512 The formula for future value: FV=PV1+rn

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: If you lend $3600 to a friend for 15 months at 8% annual simple interest, find the future value of…

A:

Q: Jimmie has a job at an advertising agency earning $54000 per year. Jimmie is currently 26 years old…

A:

Q: If you lend $7,000 to a friend for 16 months at 9% annual simple interest, find the future value of…

A: given that lend amount, P=$7000 for 16 months,  T=1612years=43 years  rate of interest , R=9% annual…

Q: If you lend $3800 to a friend for 15 months at 10% annual simple interest, find the future value of…

A: We know:- Simple interest = PRT ⇒P=initial amount ⇒R=Rate of interest⇒T=Time in years

Q: Use the formula for the future value of an ordinary annuity to solve for n when (formula in image)…

A: When we invest a fixed sum at a fixed interval of time, it is called an annuity. The formula to…

Q: A child’s grandparents are considering buying a $40,000 face-value, zero-coupon bond at birth so…

A: A child’s grandparents are considering buying a $40,000 face-value, zero-coupon bond at birth so…

Q: Gregory Mines Corporation wishes to purchase a new piece of equipment in 4 years. The estimated…

A: it is known that  number of compounding factor = lengths of time ×4 given length of time = 4 years…

Q: Find the savings plan balance after 12 months with an APR of 2​% and monthly payments of ​$100.

A:

Q: When Albertina opened her law​ office, she bought ​$13,000 worth of law books and $7400 worth of…

A: Given: Albertina bought $13000 worth of law books and $7400 worth of furniture. She paid $1200 down…

Q: If you lend $3300 to a friend for 15 months at 8% annual simple interest, find the future value of…

A: Given that, Present value, P = $3300 rate, r = 8% annually = 0.08 time, t = 15 months = 15/12 years…

Q: d) Sofea is saving for the down-payment on a house and plans to buy the house in 3 years. How much…

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

Q: Mychael wants to buy some new exercise equipment for his home gym for 377,000 financed and in annual…

A:

Q: Janet's parents want her to go to the same college that they did. They decided to pay a lump sum…

A: Lump sum payment(P) is $94000 Rate of interest(R) is 5% compounded semiannual Time(T) in which she…

Q: A television set is for sale at P13, 499 in cash or in installment terms, P2,500 each month for the…

A:

Q: How much could you save for retirement if you chose to invest the money you spend on Starbucks…

A: Cost of 1 cup of coffee is $4.35. Therefore, the total cost of coffee = $4.35×50=$217.5. This is the…

Q: Q6: June Allyson made ordinary annuity payments of $15 per month for 16 years, earning 4.5% interest…

A: Given: A=$15i=4.5%per annum⇒i=4.5%12⇒i=0.375% per month⇒i=0.00375n=16 year×12 months⇒n=192 periods

Q: Angela deposits $4000 into an account with an APR of 4.6% for 12 years find the future value of the…

A:

Q: You want to buy a $33,000 car. You can make a 10% down payment, and will finance the balance with a…

A: The purchasing price of the car is $33,000. I have paid 10% payment on cash. Then the remaining…

Q: Bernadette needs to borrow P2,000 in order to buy furniture. She's approved for two different loans.…

A: For loan 1 , principle is 2000 and after one year, the amount will also be 2000 For loan 2 ,…

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: If you lend $3100 to a friend for 15 months at 8% annual simple interest, find the future value of…

A: P=$3100r=8%⇒r=8100=0.08t =15 months⇒t=1512=1.25  in years   formula: I=Prt

Q: Janet’s payments on her $12,500 car are $420 a month for 3 years. Assuming that interest is…

A: Janet’s payments on her $12,500 car are $420 a month for 3 years. P = $12,500, t = 3 years & n =…

Q: The Betzes have leased an auto for 2 years at $400/month. If the money is worth 7%/year compounded…

A: find explanation below

Q: David deposited P2,500 for 2 years at 10% compounded annually and earned a compound interest of…

A: Given that the principle amount=2500And compound interest=525So the future value= 2500+525=3025

Q: Curtis bought a condominium for $319 000 and made a down payment of $64 000. The annual interest…

A:

Q: A man borrowed P50,000.00 and promise to pay the amount after 8 months with 16% interest rate. What…

A:

Q: Leo needs $30,000 to cover

A:

Q: What is the present value of a mortgage that costs $2400 per month for 5 years at an annual interest…

A: Given, Monthly payment= PMT= $ 2400 n= terms in months= 5*12= 60 months i= rate of interest per…

Q: $30,000 is invested for 3 months at an annual simple interest rate of 2%.  how much interest will…

A: Given

Q: You decide to buy a 2020 blue Rolls-Royce Phantom for $455,000. Use the simple interest formula to…

A:

Q: Lynn Ally, owner of a local subway shop, loaned 62,000 to Pete hall to help him open a subway…

A: Given that Lynn Ally, owner of a local subway shop, loaned 62,000 to Pete hall to help him open a…

Q: John buys a stereo system for $640. He agrees to pay $32 a month for 2 years. Assuming that interest…

A:

Q: Dawson is saving for a down payment to buy a house. The account earns 2.5% interest compounded…

A:

Q: Just before his first attempt at bungee jumping, John decides to buy a life insurance policy. His…

A: * SOLUTION :-

Q: Dave wants to save $20,000 for a down payment on a really cool speedboat. He opens an annuity at…

A: Given: Dave wants to save $20,000 for a down payment on a really cool speedboat. He opens an annuity…

Q: Rich buys a car for $28,000 and has two options for financing. The dealership offers either…

A: Solution:-. calculate the principal by compounded monthly.

Q: Aldin invests 20% of his 140,000 php monthly salary at the end of each month in a fund that pays 4%…

A:

Q: A Pawn Loan: Jeffrey Kowalski wants to take his mother out for dinner on her birthday, but until the…

A: This question can be solved using the concept of simple interest.

Q: A man bought a Ford vintage car for P210,000 on installment basis at the rate of 12% per year…

A: A man bought a Ford vintage car for P210,000 on installment basis at the rate of 12% per year…

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.

Q: Mr. Samal deposits 5,000 php at the end of each month at a product with an interest rate of 8%…

A:

Q: In order to save for her high school graduation, Zeinab decided to save P200 at the end of each…

A: