Question You want to take out a $140,000 mortgage (home loan). The yearly interest rate on the loan is 6%, and the loan is for 30 years. How much will your monthly payment be?

Q: To borrow​ money, you pawn your guitar. Based on the value of the​ guitar, the pawnbroker loans you…

A: Given:To borrow​ money, you pawn your guitar. Based on the value of the​ guitar, the pawnbroker…

Q: You want to be able to withdraw $35,000 each year for 30 years. Your account earns 5% interest. a)…

A: Amount withdraw each year is P=$35000.,000. Annual interest rate is r=5% Total number of withdrawals…

Q: You want to buy a $240,000 home. You plan to pay 20% as a down payment, and take out a 30 year loan…

A: As per bartleby guidelines only 3 subparts are answered, please upload the rest separately. If 20%…

Q: Salaries If you accept a job paying $32,000 for thefirst year, with a guaranteed 8% raise each year,…

A: Formula an=a1(1+r)n

Q: You want to buy a car. The loan amount will be $28,000. The company is offering a 2% interest rate…

A:

Q: You want to buy a $134,000 home. You plan to pay 5% as a down payment, and take out a 30 year loan…

A: Given: cost  of home=134000 downpayment=5% rate=4.5% time =30

Q: You can afford a $200 per month car payment You've found a 5 year loan at 2% interest. How big of a…

A:

Q: You can afford a $350 per month car payment. You've found a 3 year loan at 6% interest. How big of a…

A: Monthly payment is R= $350 Monthly interest rate is i=0.0612=0.005 Number of payments=n=12×3=36 The…

Q: a) What is the principal of her mortgage? Principal b) How much interest will she pay over the life…

A: Here given mortage details

Q: You want to buy a $23,000 car. The company is offering a 3% interest rate for 60 months (5 years).…

A: Consider the following:

Q: A man used as a loan program for a small business to obtain a loan to help expand his vending…

A:

Q: You want to buy a $136,000 home. You plan to pay 20% as a down payment, and take out a 30 year loan…

A: a) Given that, the down payment is 20% of $136,000. That is,DP=$136,000×20100.…

Q: You want to buy a $21,000 car. The company is offering a 4% interest rate for 36 months (3 years).…

A: By using formulaes we solve the given problem :

Q: BRIDGE LOANS To help finance the purchase of a new house, the Abdullahs have decided to apply for a…

A:

Q: A woman uses a loan program for small businesses to obtain a loan to help expand her vending…

A:

Q: Solve the problem. In order to purchase a home, a family borrows $50,000 at an annual interest rate…

A:

Q: You invest $1,000 in an account that pays 7% simple interest.  What will the balance be after 8…

A:

Q: We want to pay our mortgage in 15 years. The annual interest rate is 6 percent. The bank told us we…

A: Hello! As you have posted 2 different questions, we are answering the first question. In case you…

Q: Someone borrowing from a five-six ( Bumbay) money lender. How much will be charged if you want to…

A: The formula of simple interest is,                                SI =PRT/100 Where,  SI = simple…

Q: A man uses a loan program for small businesses to obtain a loan to help expand his vending machine…

A:

Q: You are looking to buy a house with a 30-year mortgage.  The interest rate is 2.85%. 5. What will…

A: As per our guidelines we are supposed to solve only question, kindly repost the remaining question…

Q: You want to buy a car. The loan amount will be $12,000. The company is offering a 5% interest rate…

A: Given that, Loan amount (P) = $ 12000 Interest rate (r) = 5% = 0.05 Time period (n) = 60 months We…

Q: Use the Saving for Retirement information above to answer this question. You decide to deposit $180…

A: Given data:- You have to deposit $ each month, P=180$ The retirement fund earning is,…

Q: Tony needs $17,900 worth of new equipment for his shop. He can borrow this money at a discount rate…

A: According to the question,   Tony needs $17,900 worth of new equipment for his shop.   So, P = $…

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

A: Given: Amount with which John wants to retire with per month is $10,000. To find: Principal that is…

Q: Peyton received a 10-year subsidized student loan of $33,000 at an annual interest rate of 4.1%.…

A:

Q: You want to buy a $28,000 car. The company is offering a 4% interest rate for 36 months (3 years).…

A: Solution is given below:

Q: Instruction: Solve the following problems. Write your solution in a separate sheet of paper. 1. What…

A: # we are entitled to solve one question at a time, please resubmit the other questions if you wish…

Q: Which option, if any, would allow you to repay a loan in less time? a) decrease the regular payment…

A: Let us solve the given question in the next step.

Q: Use the add-on method of calculating interest to find th total interest and the monthly payment.…

A:

Q: 3. Estimate the monthly payments of a loan for a 2016 BMW 18. The amount borrowed is $141,000 at a…

A:

Q: 00 5. %24 %24 %24 You want to buy a $237,000 home. You plan to pay 10% as a down payment, and take…

A:

Q: A loan is used to purchase a new truck. the total price of the truck

A:

Q: Use the savings plan formula to answer the following question.   Your goal is to create a college…

A: The savings plan formula is, A=PMT×1+APRnnY-1APRn In the formula, A be the accumulated balance, PMT…

Q: You can afford a $400 per month car payment. You've found a 4 year loan at 6% interest. How big of a…

A:

Q: your goal is to create a college fund for your child. suppose you find a fund that offers an APR of…

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

Q: 6 Chloe deposits $2,000 in a money market account. The bank offers a simple Interest rate of 1.2%.…

A:

Q: 2. At age 30 you invest P5,000 into a mutual fund. If the fund averages an 8% annual return, your…

A: Note: According to our expert guidelines only first individual question is to be answered kindly…

Q: You can afford a $250 per month car payment. You've found a 3 year loan at 3% interest. How big of a…

A: Given: You afford $250 per month for a car. The interest rate is 3%  and repay the loan in 3 years.…

Q: You borrow $5,000 from the bank to pay tuition for your first year of university.  The bank charges…

A: Given: Principal amount, P=$5,000            Rate per annum, R=6% To find: a) Amount to be repayed…

Q: You have $3,000 on a credit card that charges a 23% interest rate. If you want to pay off the credit…

A: The objective is to find the monthly payment

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

A: The formula for Payout annuity is given by P0=d1-1+rk-kNrk d= Withdrawal amount k=Number of…

Q: ou are thinking of purchasing a house. The house costs $200,000. You have $29,000 in cash that you…

A: Given that The total house costs = $200,000 Down payment = $29,000 Therefore, Loan amount =…

Q: You buy items costing $1200 and finance the cost with a simple interest fixed  installment loan at…

A:

Q: Bill bought a $2,000 ,9-month certificate of deposit  that would earn 8% annual simple interest rate…

A:

Q: You want to buy a car. The loan amount will be $32,000. The company is offering a 3% interest rate…

A: In this question, monthly payment is to be calculated. Loan The term loan refers to a sort of credit…

Q: A woman uses a loan program for small businesses to obtain a loan to help expand her vending machine…

A:

Q: You want to buy a $205,000 home. You plan to pay 10% as a down payment, and take out a 30 year loan…

A: Given data - Purchase Price of home = $205,000. Time = 30 years. Down payment = 10%. We have to find…

Q: You want to be able to withdraw $20,000 from your account each year for 15 years after you retire.…

A: