How much can you barrow to buy a house if you agree to pay $1500 per month for 30 years at 4.5% annual interest rate? What is your total payment at the end?

Q: You can get a car loan with a term of three years at an apr of 3%. If you can afford a monthly…

A: Given: interest rate per annum is= 3%, monthly payment= $300, time=3 years To find the amount of…

Q: You take out a loan of $59,000 for a term of two years at 11% interest compounded annually. What is…

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Q: A loan of $14400 is to be repaid in end of quarter payments of $600. How many payments are required…

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

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: You want to buy a 9 year bond with a maturity value of $6,000, and you wish to get a return of 5.5%…

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Q: Suppose you purchase a car for a total price of $32,740, including taxes and license fee, and…

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Q: You take out a loan of $120,000 for a term of ten years at 10% interest compounded semi-annually.…

A: We need to find the total interest.

Q: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 2% interest…

A: Given: Amount deposited=$1000Rate of interestcompound=2% quaterly To Find: Amount after 10 years.

Q: Consider a 30-year fixed-rate home loan of $555,500 with an interest rate of 3.25%. What is the…

A: Given: Time = 30 years, Initial Value =  $555,500, Interest rate = 3.25%. Let us first find the…

Q: A house sells for  $155,000  and a  20%  down payment is made. A mortgage was secured at  3%  for…

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Q: Michelle wants to have a $16,000 down payment when she buys a new car in 6 years. How much money…

A: Find the attchment for the solution.

Q: How much will you need to invest today in an account paying 7% compounding quarterly to have $10,000…

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Q: A house costs $350,000. You pay a 15% down payment and amortise the rest with equal monthly payments…

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Q: How much should Alexandra's dad invest into a savings account today, to be able to pay for…

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Q: f you borrow $2,400 for 4 years at an annual interest rate of 6%, how much will you pay altogether?

A: In this question, the concept of compounded interest is applied. Compounded Interest  Compound…

Q: Niagara Vineyards borrowed $75,000 to update their bottling equipment. They agreed to make payments…

A: Need to find how long company have to make payments

Q: Your car loan payment extends for six years at 8% interest compounded monthly. After how many months…

A: To find the number of months required to pay off half of loan.

Q: How much should Lindsey's dad invest into a savings account today, to be able to pay for Lindsey's…

A: I am attaching image so that you understand each and every step.

Q: 2. Emma availed of a cash loan that gave her an option to pay P10,000 monthly for 1 year. The first…

A: We will find out the required value.

Q: A woman wants to borrow $12,000 to buy a car. She wants to repay the loan by monthly installments…

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Q: If John wants to retire with $10,000 per month, how much principal is necessary to generate this…

A: Given interest rate is 10% and expected monthly income after retirement is $10,000 This monthly…

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: Lily purchased a car for $52,400; she paid 20% of the cost as a down payment and financed the…

A: The compound interest formula for a principal amount of P for an interest rate of r% for t years…

Q: Mckenna’s family bought a cottage and now have a mortgage in the amount of $78 000. They will repay…

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Q: Shannon finances her new car with a $9,900 auto loan. The loan has a 5-year term at a fixed annual…

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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: 2.Consider a student loan of $18,000 with an APR of 6% for 8 years. Find: a) the monthly payment;…

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Q: Megan leased a car for 5 years at a rate of 4.80% compounded monthly. It required her to make…

A: Total amount paid after 5 years or 60 months = 665 x 60 = $ 39900 Remaining amount that she can pay…

Q: You owe $17,000 on student loans at an interest rate of 3.5% compounded monthly. You want to pay off…

A: This question is related to principal, amount ,and loan . Solve in step 2.

Q: You want to buy a 5 year bond with a maturity value of $7,000, and you wish to get a return of 5.5%…

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Q: The total amount paid on a 35 year loan was $98,000. If the interest rate was 4.1% and compounded…

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Q: You decided to buy a TV set on an installment basis. agree to pay 2, 999 every end of the month,…

A: To find: The amount of payments after 18 months. Given information: A person buy TV set on an…

Q: Consider a 30-year fixed-rate home loan of $525,500 with an interest rate of 3.75%. What is the…

A: We have to find the interest of given amount. The solution is following.

Q: Consider a 30-year fixed-rate home loan of $595,500 with an interest rate of 3.25%. What is the…

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Q: Mark and Natalie want to buy a house selling for $120,000. They will put $20,000 down  as a down…

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Q: You take out a 7 month, $2,000 loan at 8% annual simple interest. How much would you owe at the end…

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Q: Erin would like to buy a $350,000 apartment when she retires in 10 years. How much should she…

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

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Q: You want to buy a 5 year bond with a maturity value of $8,000, and you wish to get a return of 5.5%…

A:

Q: Consider a 30-year fixed-rate home loan of $535,500 with an interest rate of 5.25%. What is the…

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Q: How many months would it take you to repay a $ 5225 loan by making payments of $ 57 at the end of…

A: The formula for computing the number of years required to pay off a loan when payment is made at the…

Q: Melissa agrees to contribute $500 to the alumni fund at the end of each year for the next 4 years.…

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

A: Here we will use the recurring deposit formula for calculating the compound interest. Sum of the…

Q: Lush Gardens Co. bought a new truck for $50,000. It paid $5,500 of this amount as a down payment and…

A: Solution

Q: Mike buys a ring for his fiancee by paying $30 a month for one year. If the interest rate is 10% per…

A: It is given that monthly payment is $30 for one year and the interest rate is 10% per year. To find…

Q: How much should you invest into an account with 3.2% interest compounded quarterly if you want to…

A: According to the question, we have the data set: Interest rate= 3.2 % = 0.032  n= 4 (amount is…

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

A:

Q: 2. Sammy borrowed $10,000 to purchase a new car at an annual interest rate of 11%. She is to pay it…

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Q: If you want to earn 15% annual simple interest on an investment, how much should you pay for a note…

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Equations and Inequations

Equations and inequalities describe the relationship between two mathematical expressions.

Linear Functions

A linear function can just be a constant, or it can be the constant multiplied with the variable like x or y. If the variables are of the form, x2, x1/2 or y2 it is not linear. The exponent over the variables should always be 1.