Jerry takes out a 30-year mortgage for $190,000.00 to buy a condo. His monthly mortgage payment is $907.00. How much interest will he pay over the life of the loan? Round to the nearest whole dollar. Interest

Q: Miguel purchased a hot tub costing $5,010 by taking out an installment loan. He made a down payment…

A: Cost of hot tub=$5,010 Down payment=$1,300 hence the loan amount=$(5030-1300)=$3730 Payment each…

Q: Jeremy gets a 4-year simple interest loan from the local bank. If the loan is for $8,938 and the…

A: Given: Jeremy gets a 4-year simple interest loan from the local bank. The loan amount is $8,938 and…

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: The total of the monthly payments for a 5-year loan is $10,692. The APR is 7%. How much money was…

A: Total payment is At=$10,692. The rate of interest is r=7%. Number of years is n=5. The formula for…

Q: Veronica owes a clothing store $1300, but until she makes a payment, she pays 5% interest per month.…

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Q: Callie calculates the monthly payment is $578.92 for a 30 year $255.00 mortgage with a 3% rate. With…

A: Given : The monthly payment is $578.92 for a 30 year $255.00 mortgage with a 3% rate.

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Q: Scott took out a 72 month loan for $35.000 to purchase a new boat. If Scott paid $8,925 in simple…

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Q: Moira borrowed $8,700 from her grandfather to pay for her first year of college. Five years later,…

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Q: Moira borrowed $3,500 from her grandfather to pay for her first year of college.  Four years later,…

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

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Q: Jacqueline took out a $30,000 student loan with a fixed interest rate to pay for college. Jacqueline…

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Q: Hernandez Engineering borrows $6,500, at 8% interest, for 150 days. If the bank uses the ordinary…

A: Principal Amount = $6,500 Rate of Interest = 8.5% time = 150 days

Q: Margo borrows S1500, agreeing to pay it back with 8% annual interest after 13 months. How much…

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Q: Anthony purchased a $212 stereo system at Wrigley's Department Store. He paid $49 down and agreed to…

A: This question is related to interest and finance, We will solve it using given information.

Q: Bella bought a living room suite for P85 000.00. She agreed to pay in 5 months at 12% simple…

A: We are authorized to answer one question at a time, since you have not mentioned which question you…

Q: MIKE DEPOSITED ON MARCH 12, 2020 AT 10.5% SIMPLE INTEREST. ON SEPTEMBER 8, THE FUND ACCUMULATED TO…

A: Given- Mike deposited on March 12, 2020 at 10.5% simple interest. On September 8, the fund…

Q: Georgia purchased a new laptop, which was advertised for $950. She bought it on the installment plan…

A: Given : Price of laptop  = $950, Payment at the time of purchase = $60 Interest rate  = 12% Time  =…

Q: Bob Rohrman is offering a 2016 Toyota Camry for $29,000. If you have a $5,000 down payment and are…

A:

Q: Pat borrowed $2,000 to help Pay college expenses. The interest rat was 8% annually, and she will…

A: P = 2000 r = 8% annually t = 6

Q: Lindsay borrowed a certain amount of money for 4 years at an annual simple interest rate of 5.2%. If…

A: Given:   Lindsay borrowed a certain amount of money for 4 years at an annual simple interest rate of…

Q: Dr. Grant borrowed money from his friend with simple interest of 12 %, find the present worth of P…

A: Future Amount (F) = P50,000 interest rate (i) =12% number of months (n)= 9 months

Q: Dr. Seals had to borrow $12000 to pay for college to get her doctorate degree. She agrees to a…

A: Given,  Principal = p = $ 12000  Rate of interest = r = 8%  Time period = n =  2  years    We have…

Q: Carolyn borrowed $38,500 to pay for college. If the interest rate is 3.2%, how much total will she…

A: A = P(1+r/100)n P = Principle A = amount r = interest rate n = number of years

Q: You took out a loan of $8,000 in 2015 at an interest of 6% simple interest. What is the total amount…

A: We have to solve the given question.

Q: Jefferson borrowed $4000 for his college tuition at an annual simple interest rate of 5.5%. When he…

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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: rett put a $410 item on layaway by making a down payment of 16% of the purchase price. How much does…

A: A down payment is an initial payment made by a buyer for the purchase of an item or service on…

Q: How many weeks was Anastasia's loan for? Round your answer to the nearest week.

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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: Mike deposited on March 12, 2020 at 10.5% simple interest. On September 8, 2020, the fund…

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Q: Reina borrowed 1,200,000Php for the purchase of the car. If her monthly payment is 31,000Php or a…

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Q: Dobby borrowed $5,000 to start a foundation for recently freed house elves. If he pays the money…

A:

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

A:

Q: Victor used a 36 month line of credit for $15,000 to remodel his kitchen. If the interest rate is…

A: We have to find interest

Q: Jake bought a new washer and dryer for $1439. He made a 15% down payment and financed the rest of…

A: The following formulae are used to find the required result. Monthly Payment=P0rn1-1+rn-ntFinance…

Q: Jenny borrows 3000 from her local bank at annual interest rate of 3.25% to be paid back in six…

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Q: Shaynen borrowed P 1,200,000.00 for the purchase of his car. If his monthly payment is P 30,000.00…

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Q: Kyle took out a loan at a simple interest rate of 6% for 10 years. He ended up having to pay $12,000…

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Q: Goran borrowed $5000 from a lender that charged simple interest at an annual rate of 9%. When Goran…

A: Solution ) P = $5000,  R = 9% , SI = $2250 formula  Simple interest = ( P × R × T) /100…

Q: Mr. Smith borrowed $26,000 to purchase stock for his baseball card shop. He repaid the simple…

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Q: Jo makes $30,000 this year, after a 20% raise. Find old salary.

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Q: Bill took out a 10 year loan to buy a car. If the loan carried an annual interest rate of 4.3% and…

A: From the given information we find total interest to pay EMI = P × r × (1 + r)n/((1 + r)n - 1

Q: Park bought a house 15 years ago, taking out a $140,000 mortgage at 6% interest for 30 years, making…

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Q: Hernandez Engineering borrows $6,500, at 8% interest, for 150 days. If the 2 bank uses the ordinary…

A:

Q: Luis lent $5,300 at 3.00% p.a. on March 15, 2014. Calculate the amount of interest she would receive…

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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: Debi borrows money from a bank at 7% simple interest.  She borrowed $8,500 for 4 years.  If she pays…

A:

Q: Josh makes a $1500, 7% simple interest personal loan to his friend Sean for a period of 9 years.…

A: Consider the information given in the problem, Here the objective is to find the amount of money…