Sanjeep takes out a $250,000 mortgage. The yearly interest rate on the loan is 5% and the loan is for 25 years. Calculate the total amount of interest that Sanjeep will pay over the lifetime of the loan.  Round your answer to the nearest dollar. Do NOT round until you have calculated the final answer.

Q: Rafael and Natalia Sandino built a new barn. To finance the loan, they paid $1,292 interest on…

A:

Q: George invests $9,000.00 in an account that pays 8.75%. How many days will it take for him to make…

A: b.232

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.

Q: You deposit $600 in an account earning 3% interest compounded annually. How much will you have in…

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

Q: Kenneth wants to have PhP 5,000,000 in his account when he retires in 25 years. The retirement…

A: Annuity Formula: PN=d((1+rk)Nk−1)(rk) PN is the balance in the account after N years. d is the…

Q: Calculate the simple interest due on a 58-day loan of $3400 if the interest rate is 2%. (Round your…

A:

Q: what is the 2%interest rate over 5 years

A: here given    carlos has 3000 to open a bank account p =3000 R =2% N = 5 years  I =PRN100

Q: Mohamed accepted a new position as an electrician. Mohamed has a starting annual salary of 65,000…

A: Given Annual salary(P)= 65000/- Expected raise(r)= 2.4% No. of years(t)= 10

Q: A loan of $19,312 was repaid at the end of 15 months. What size repayment check (principal and…

A: Given : P = $19312 ,    t = 15 months  ,  r = 11% = 0.11

Q: Arianna has put $37,600 into a retirement fund. The fund has an estimated annual return of 10%. If…

A:

Q: Dagmar has a 4-year car loan at an annual interest rate of 6.5%. She has made 28 payments of…

A:

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: Hui purchased a 91-day T-Bill that has a face value of $1000 and an interest rate of 4.00% p.a. a.…

A: Given, Interest Rate R=4.00%=0.04 Face Value = $1000 91 days T-bill

Q: peso fund that pays 1% interest compounded annually. How much should he deposit if he wants to have…

A: Use compound interest formula

Q: You take out a 50-day single-payment loan for $910 with an interest rate of 19%. Find the amount of…

A: using :- simple interest = P×R×T

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

A:

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: You have $3,000 on a credit card that charges a 19% interest rate. If you want to pay off the credit…

A:

Q: Dobby borrowed $5,000 to start a foundation for recently freed house elves. He gets a 3.25% interest…

A:

Q: loan

A:

Q: Determine the simple interest. p=587, r=0.045% per day, t=2 months

A:

Q: You borrow $625 for 90 days at a simple interest rate of 4.1%. what is the interest on the loan?

A: To calculate the simple interest under the given conditions

Q: On the 7th birthday of Dane's daughter, he deposited an amount in a bank peso fund that pays 1%…

A:

Q: Calculate the simple interest earned. Round to the nearest cent. P = $9070, r = 5.50%, t = 4 months…

A:

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

A: Given query is to find the the total interest paid in 5 years.

Q: Tuition of $2025 will be due when the spring term begins in 4 months. What amount should a student…

A:

Q: Find the interest earned after 3 years if Php12,000 is deposited in a savings account which earns 5%…

A: given  t=3 years principle deposit P=Php12,000 rate of interest, r=5% claim- find the interest…

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

A:

Q: You have $3,000 on a credit card that charges a 12% interest rate. If you want to pay off the credit…

A:

Q: Jerry takes out a 30-year mortgage for $190,000.00 to buy a condo. His monthly mortgage payment is…

A: The total amount taken to buy a condo is $190,000 for mortgage of 30-years which mean 360=30×12…

Q: 4% simple interest

A:

Q: You have $3,000 on a credit card that charges a 18% interest rate. If you want to pay off the credit…

A: To find the amount need to pay per month

Q: You borrow 630,000 pesos from your credit union to purchase a used car. The interest rate on your…

A: Given:       Loan amount P=630,000 pesos    rate of interest =0.25% per month…

Q: Ana nec a loan of Pnp120. 000.00 for 15 montns ana paia Pnp360.00 interest. What was the simple…

A:

Q: Ernie Rolph deposits ​$7150 at 4​% for 1 year. How much interest will he​ earn? What is the account…

A: Given query is to find the amount after 1 year.

Q: Divya has a 30-year mortgage for $248,000 with a 3.8% fixed annual interest rate. What is the total…

A: Basic simple interest problem of algebra. Here option (C) is correct the solution is provided below

Q: A loan company charges $50 interest for a one month loan of $1000. Find the annual interest rate…

A:

Q: 5. Ahmed borrowed $450 from his credit union to buy a copier. If the interest rate is 9.9% and he…

A: Interest= p×r×t100, where p is the principal amount, r is rate of interest and t is time in years,…

Q: Ryan bought a $255,000.00 house, paying 10% down, and financing the rest at 7% interest for 15…

A:

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

A:

Q: Karen borrowed $4,046 from a bank for 6 months. The bank collected simple interest on the loan at an…

A: we know that simple interset is calculated as I=PRT100 where P is the principal  R=annual rate of…

Q: Karen's Katering borrows $3,500, at 8.5% interest, for 220 days. If the bank uses the exact interest…

A:

Q: Tuition of $1260 will be due when the spring term begins in 9 months. What amount should a student…

A: $1260 tuition fee will be due when the spring term begins in 9 months

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

A:

Q: Ahmed borrowed $450 from his credit union to buy a copier. If the interest rate is 9.9% and he takes…

A: From the given problem Ahmed borrowed $450 on the interest of 9.9%  for a year  Therefore P=$450…

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: Michelle invests in a savings account that pays 5% interest compounded monthly. What is the APY…

A: we know that  APY = 1+rnn-1

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

A:

Q: Find the amount in the account at the end of 8 years.

A:

Q: Joseph borrowed Php 5,000 on November 2, 2015 from Arthemus, which is to be repaid on May 21, 2016…

A: Here we will find out the required value.