Kiara is expected to settle a loan by paying $8,500. What amount should she pay if she decides to settle the loan six months earlier? The interest rate is 3.50% compounded monthly. Round to the nearest cent

Q: Parents wish to have $80,000 available for a child's education. If the child is now 5 years old, how…

A: The formula for the compound interest is given by, A=P1+rnnt where, A is the final amount, P is the…

Q: Kathy Crag, the owner of The Fabric Corner, lent $15,000 to Dani Flynn to open her own card shop.…

A:

Q: Jaspreet set up a fund that would pay his family $4,500 at the beginning of every month, in…

A: We can evaluate the following as follows

Q: Calculate the simple interest due on a 66-day loan of $1500 if the interest rate is 3%. (Round your…

A: Calculate the simple interest due on a 66-day loan of $1500 if the interest rate is 3%. (Round your…

Q: In order to accumulate enough money for a down payment on a house, a couple deposits $209 per month…

A:

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

A:

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

A:

Q: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 7% interest…

A:

Q: Nathan and Haley Scott are buying a $300,000 house and putting 20% down. The bank is offering a…

A:

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: Bill is saving for his son's college education. If the savings account earns 5% interest compounded…

A: First I have written the formula for future value when money is invested with compound interest.Just…

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: Justin leased equipment worth $70,000 for 5 years. If the lease rate is 5.75% compounded quarterly,…

A: calculation of lease payment are as follows

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: Ann and Tom want to establish a fund for their​ grandson's college education. What lump sum must…

A:

Q: What amount should be deposited today to buy for a P 216,000.00 house and lot in 6 years? The bank…

A: We need to find the amount that should be deposited today to buy for a P 216,000.00 house and lot in…

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

A:

Q: Cameron set up a fund that would pay his family $4,000 at the beginning of every month, in…

A: We have to find the size of investment.

Q: Lupé made a down payment of $6000 toward the purchase of a new car. To pay the balance of the…

A:

Q: Dylan deposited $4,000 in a 3-year CD account that pays 3.08% interest, compounded weekly. What is…

A: Use formula of compound interest weekly.

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

A:

Q: Shelby received a 15 year loan of $250,000 to purchase a house. the loan was 5.10% compounded…

A: Loan Amortization Formula A=Pi(1+i)n(1+i)n-1 where A is payment amount per period P is loan amount i…

Q: Devin set up a fund that would pay his family $3,500 at the beginning of every month, in perpetuity.…

A:

Q: Omar has decided to finance a $25,000 car at 8% interest compounded monthly for 10 years.  Determine…

A:

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

A:

Q: Steven Nolte owes his parents $47,000 for his college education. Find the required monthly payment…

A: Thanks for the question :)And your upvote will be really appreciable ;)

Q: Q9. On a $45,000 4-year loan, how much less is the monthly payment if the loan is @8.4% compounded…

A: image is attached

Q: The payment on a 15 year loan at 9.36% compounded weekly is $180. Calculate the amount of the loan.

A:

Q: A merchant sells an item worth 64,999 php. If an initial payment of 20,000 php was paid to the…

A: A merchant sells an item worth 64,999 php. If an initial payment of 20,000 php was paid to the…

Q: An insurance settlement of $750,000 must replace Laura's income for the next 40 years. What income…

A:

Q: What is the present value of an annuity that pays ? per month for 10 years, where ?= 2055 if money…

A:

Q: The rebate offer is $3100, and you can obtain a car loan at your local bank for the balance at 4.6…

A:

Q: Mr. and Mrs. Maglalang decide to set aside ₱ 500,000 today and place it on a bank savings account…

A:

Q: In order to accumulate enough money for a down payment on a house, a couple deposits $327 per month…

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

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

A:

Q: Casey received a loan of $27,000 from the bank at 4.50% compounded monthly. If he had to repay $250…

A:

Q: Meg's pension plan is an annuity with a guaranteed return of 7.5% per year compounded quarterly. She…

A: First we calculate present value using formula of present value then obtained present value will…

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: A collector mae a $10,000 down payment for a classic car and agreed to make 18 additional quarterly…

A:

Q: Find the monthly payment for the loan. (Round your answer to the nearest cent.) A $512,000 home…

A:

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

A:

Q: While buying a new car, Derek made a down payment of $1,000.00 and agreed to make month-end payments…

A: (a) The given data is: APR=4%

Q: Miguel purchased a $9,000 bond that was paying a 4.25% compounded semi-annually coupon rate and had…

A:

Q: You deposit $1,000 in an account at the Lifelong Trust Savings and Loan that pays 4% interest…

A:

Q: Calculate the simple interest earned. Round to the nearest cent. P = $2100, r = 5.3%, t = 6 months

A:

Q: Jennifer received a loan at 5% p.a. simple interest for 8 months. If he was charged an interest of…

A: