ristan bought a $225,000.00 house, paying 10% down, and financing the rest at 3% interest for 15 years. A. What is the monthly payment? Tristan has a payment of a month.

Q: Michael wants to buy some new exercise equipment for his home gym for ​$156,000 financed at an…

A:

Q: Karen and Wayne need to buy a refrigerator because theirs just broke. Unfortunately, their savings…

A: Adding the sales tax we get the amount of money borrowed is equal to  1598+5% of 1598 =1598(1+5/100)…

Q: Juanita is the self-employed owner of Juanita's Linens. Her estimated annual earnings are $79,040.00…

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Q: A store manager obtained a loan of $35,000, at  6 3 8%  interest, for 14 months to purchase…

A:

Q: Karen and Wayne need to buy a refrigerator because theirs just broke. Unfortunately, their savings…

A:

Q: PMT is Maximum Monthly Payment = 3,504 i = 3/1200 n = 360

A:

Q: If you want to earn 14% annual simple interest on an investment, how much should you pay for a note…

A: We Have Interest= Principal * rate * time(in years). Interest = 6200 Rate=14/100 and time= 6 months…

Q: In 2016, Donald Trump admitted he received a small loan of 1 million dollars from his father. If he…

A: Given, Principle = $ 10,00,000 time period T P = 32 years                              =32×12…

Q: The Habers purchase a $6500 living room set and take out a two-year loan for the entire amount at…

A: given  principal P=$6500 interest rate i=26% i=2612 =2.1666% =0.021667 time t=2 years number of…

Q: karen and wayne need to buy a refrigerator because theirs just broke. unfortunately, their savings…

A:

Q: Susie is paying $512.49 every month for her $150,000 mortgage. If this is a 30 year mortgage, how…

A: Given: Month payment=$512.49 Mortgage=$150,000

Q: Karen and Wayne need to buy a refrigerator because theirs just broke. Unfortunately, their savings…

A: From the given information we want to find the monthly payment.

Q: Raia purchases a finances it with a at a rate of 4.25% car payments?

A:

Q: and 6 months,

A: Introduction: Simple interest could be a fast and straightforward technique of calculative interest…

Q: Jay and Sybil are purchasing a home. They wish to save money for five years and purchase a house…

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Q: How much interest (to the nearest dollar) would be saved on the following loan if the condominium…

A: The solution is given below

Q: Sameer borrows $160,000 from a bank in the form of a 15-year mortgage to purchase a house. If he…

A: Principal amount is the amount you took and interest is the amount repaid extra apart from the…

Q: Graduation is 3 years away and you want to have $1300 available for a trip. If your bank is offering…

A: Given,           Amount, A = $1300,            Rate, r=2.2% =0.022           Time, t =3

Q: Stock Bonds and Mutual Funds/ Compound Ammount Formula/ Credit Card and Consumer Loan/APR 1. Mr.…

A: Given:      Loan amount d=980       Annual interest rate r=15%…

Q: A contractor boughtba concrete mixer at $3200, if paid in cash. The mixer may also be purchased by…

A: Given P=3200 n=5 i=8% =0.08

Q: How much interest (to the nearest dollar) would be saved on the following loan if the condominium…

A: Loan amount = 264,000 x (70%) = 184,800 Let's assume the monthly payments (EMIs) are made to pay…

Q: A man bought his girlfriend a new necklace for $259. Instead of paying cash, he paid $19 down,…

A: Given,       the cost price of the necklace is $259       the discount given on the necklace is $19

Q: Rubbermaid Plastics Corp. invested $10,000,000 in manufacturing equipment for producing small…

A:

Q: interest and agreed to pay it off over a 2 year period, how much would your monthly payment be?

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Q: Connor bought a house for $215,000.00, paying 10% down, financing the rest at 7% interest for 25…

A: The objective is to find monthly payment and interest over the life of loan.

Q: Wendy, a loan officer at a bank, has $1,000,000 to lend and is required to obtain an average return…

A: Given, Wendy, a loan officer at a bank, has $1,000,000 to lend and is required to obtain an average…

Q: The new car costs ​$28,000 and can be financed with a three​-year loan at 6.72​%.  A​ three-year old…

A: The monthly payment can be obtained using the formula PMT=Prn1-1+rn-nY where  P is the principle…

Q: Vic bought a new plasma TV for ​$2400. He made a down payment of ​$200 and then financed the balance…

A:

Q: Jeremy had an agrrement to repay payments of $6,500 in four years and $11,225 in seven years. How…

A:

Q: Olivia wants to pay her student tuition and fee in four annual payments: 6,000TL, 8,000 TL and…

A: Olivia wants to pay her student tuition and fee in four annual payments: 6,000TL, 8,000 TL and…

Q: Karen and Wayne need to buy a refrigerator because theirs just broke. Unfortunately, their savings…

A: Given, Sears offers them an installment loan at 16% (add-on rate). If the refrigerator at Sears…

Q: if a loan's annual simple discount rate is 4.34%, how many years would it take for the debt to…

A: Given discount rate dR=4.34%=0.0434. Formula for given problem is M=P1-dRT…

Q: Karen and Wayne need to buy a refrigerator because theirs just broke. Unfortunately, their savings…

A: Given: Price of refrigrator = $1538 + 5% sales tax, Rate of interest = 14%, Number of years = 3…

Q: Jenelle bought a home for $430,000, paying 12% as a down payment, and financing the rest at 4%…

A:

Q: A couple buys a new bedroom furniture set for 16,000 pesos and 10 years later sells it for 8,000…

A: We have to find the depereciated value after 14 years.

Q: How much interest (to the nearest dollar) would be saved on the following loan if the condominium…

A:

Q: Francella  is considering a loan of $15,000 at 12% interest paid monthly. She is undecided about…

A: Given:  Loan amount, P    = $15,000 Annual interest, R = 12% Term of loan, t     = a) 2 years…

Q: In the Sum of the years-digits depreciation method, if the asset has 6 years of life, then the…

A: Topic-year digit depreciation calculation

Q: You want to buy a $241,000 home. You plan to pay 15% as a down payment, and take out a 30 year loan…

A: The total price of the home is $241,000. The down payment will be 15% among the total price.  Rest…

Q: Rita wants to buy a lot which costs 1 million pesos. She plans to give a down payment of 20% of the…

A: Given that  Rita wants to buy a lot which costs 1 million pesos. She plans to give a down payment of…

Q: Alex Montague needs $6500 to finish his basement. Find the face value of a simple discount note that…

A: Alex Montague needs $6500 to finish his basement. Given Time T=200 days=200365year Discount rate…

Q: A new furniture set costs $2500. If you make a down payment of $500 and finance the rest at a rate…

A:

Q: Ben Halls is trying to decide whether to lease or purchase a new car costing $18,000. If he leases,…

A: If Ben leases the car than his total cost can be calculated as under: he will have to pay $600…

Q: Oprah Winfrey has closed on a 42-acre estate near Santa Barbara, California, for $52,000,000. If…

A: Given Total cost =$52000000 After putting 30% down

Q: A family obtained a 1m mortgage. If the monthly payment is 38,000 for four years, how much is the…

A:

Q: Shawn and Oscar decide to share a house. Oscar purchases the house in his name but they will spilt…

A: Given that, Oscar bored $ 135675 at a fixed rate of 5.125% for 30 years.

Q: Karen and Wayne need to buy a refrigerator because theirs just broke. Unfortunately, their savings…

A: Given : Sears offers them an installment loan at 13% (add-on rate). If the refrigerator at Sears…

Q: Karen and Wayne need to buy a refrigerator because theirs just broke. Unfortunately, their savings…

A: Given: Cost of refrigerator is $1500+5%sales tax. Interest rate of installment loan offered by…

Q: Alejandro put down a deposit of $70.00 on a graduation ring, and he then began making weekly…

A: