Scarlet Company received an invoice for $57,000.00 that had payment terms of 2/5 n/30. If it made a partial payment of $16,700.00 during the discount period, calculate the balance of the invoice.

Q: A $8,200 loan, taken now, with a simple interest rate of 5% per year, will require a total payment…

A: Explanation is given below..

Q: My first 30-year fixed mortgage was for $200,000 at 6.25%. Determine my monthly mortgage payments.

A:

Q: Find the monthly payment for the loan. (Round your answer to the nearest cent.) New-car financing…

A: Introduction -  Monthly payment formula  A=P(r(1+r)n)(1+r)n-1 where, A=payment amount per period…

Q: If Sound Design sends in a partial payment of $40,000.00 within the discount period, what is the net…

A:

Q: Violet is planning to make 29 semiannual loan payments of 1460 dollars each. If her bank charges…

A: The given data is: Violet is planning to make 29 semiannual loan payments of 1460 dollars each The…

Q: What would be the monthly payment on an add-on loan from a credit union at 6% over 36 months for the…

A: I solved with detailed analysis

Q: A chiropractic student receives a 10-year PLUS Loan for $50,000 to complete the last 2 years of the…

A:

Q: Find the amount of an annuity that consists of ten annual payments of $1000 each into an account…

A: Given: Annual payment = R = $1000 Interest rate = i = 6% = 0.06 Number of annual payment = n =10

Q: Find the refund fraction on a 48​-month loan with interest of ​$2,803 if the loan is paid in full…

A: Refund fraction is the percentage of refund you will get when you complete the loan before the…

Q: A motorcycle can be acquired for 5,000.00 down payment and a monthly payment of 3,000.00 for 3…

A:

Q: A bond with a face value of $4000 and a 3.8% coupon has a 5-year maturity. Find the annual interest…

A: Given: Face value (P) = $ 4000 Interest rate (r) = 3.8%

Q: Angela Montery has a five-year car loan for a Jeep Wrangler at an annual interest rate of 5.7% and a…

A: find explanation below

Q: What is the APR of a payday loan for $1825 due in 18 days that charges a $135 fee?

A: Given,           The APR of a payday loan for $1825 due in 18 days that charges a $135 fee.

Q: 3. How many more monthly payments are made for a 5-year loan than for a 2-year loan?

A: Number of monthly payment for a 5year plan is = 5*12=60 months. (in 1year total number of months is…

Q: What is the mortgage amount for a house showing closing costs for a purchase of $212,000 requiring a…

A:

Q: Find the amount of an annuity that consists of 40 annual payments of $2000 each into an account that…

A:

Q: Consider a 30-year fixed-rate home loan of $419,500 with an interest rate of 3.625%. What is the…

A: The formula to calculate the EMI that is the equal monthly installment is: Here, P is the loan…

Q: A bond has a $14,000 face value, a 9-year maturity, and a 2.95% coupon. Find the total of the…

A: Given Principal = $14000 time = 9 rate r = 2.95%

Q: Susan Company received an invoice for $77,000.00 that had payment terms of 2/5 n/30. If it made a…

A:

Q: Calculate the simple interest due on a 45-day loan of P1,600 if the interest rate is 9%

A: Concept: Here we shall use the formula for simple interest: SI=P×r×t100 Here P is the principal, r…

Q: Determine the total amount of a loan of $5400 at a simple interest rate of 2.1% for 8 years.

A: We have to find the total amount of loan at a simple interest. We know that in a simple interest,…

Q: Find the savings plan balance after 1515 months with an APR of 55​% and monthly payments of…

A: We have to use the formula  Where P=payment= 250250 n= number of months=1515 i= interest rate=…

Q: Julius takes out a loan of $8,500, at 9.5% simple interest, for 5 months. what is the maturity value…

A: Here is the Answer and Explanation

Q: A ripped motorcycle can be purchase for P10,000 cash or an installment basis with P2000 down payment…

A:

Q: Consider the 20-year fixed rate home loan of $185,500 with an interest rate of 6.75% what is the…

A: given, home loan=$185500 r= 6.75% = 0.0675 t=20 years frequency is monthly m= P(r/n) / 1-(1+r/n)-nt

Q: In order to purchase a​ home, a family borrows $55,000 at an annual interest rate of 11​%, to be…

A:

Q: Consider a 30-year fixed-rate home loan of $408,500 with an interest rate of 5.125%. What is the…

A:

Q: If $7,000 is borrowed and repaid with four quarterly payments of $600 during the first year and four…

A: Concept: A branch of mathematics which deals with symbols and the rules for manipulating those…

Q: What is the monthly payment on a 25 year loan of $67,800 if the annual interest rate is 5%?

A: We have Principal loan amount, P = $67,800 Annual interest rate r = 5% = 0.05 Number of monthly…

Q: You want to build a $100,000 college fund in 18 years by making regular, end-of-month deposits.…

A: A = $ 100,000 Y = 18 APR = 3% n = 12

Q: Find the monthly payment on a 30-year fixed mortgage loan of $108,525 if the interest rate is 6 3/4%

A: Formula used to calculate the monthly payment of mortgage loan is given below: M=PR1-1+R-N Where…

Q: Scarlet Company received an invoice for $62,000.00 that had payment terms of 3/5 n/30. If it made a…

A: Given Invoice amount = $62,000.00 Payment terms 3/5 n/30 Partial payment = $17,700.00

Q: Find the monthly payment for the loan. Round to nearest cent. Finance $852000 for an apartment…

A:

Q: A bond has a $11,000 face value, a 6-year maturity, and a 2.9% coupon. Find the total of the…

A: solutionGiven principle(p)=$11,000Rate=2.9%=0.029timet=6

Q: A man borrowed P10,000.00 from his friend and agrees to pay at the end of 90 days under 8% simple…

A: # Given: principal amount P=10000  rate of interest r=8%   then to find amount to be paid at the end…

Q: Find the monthly payment (before the balloon payment) for a 25-year, interest-only balloon mortgage…

A: Given that:  P = amount of loan = $300,000  r = APR = 7% =0.07  n = length of the loan = 25 yr

Q: Dr. Gupta is considering a 30-year mortgage at 6% interest. She can make payments of $3500 a month.…

A:

Q: Determine the amount of the semi-annual coupon for the bond with a face value of 300,000 that pays…

A: Given: Face value, F=300,000 Coupon rate, r=10% The objective is to find the amount of the…

Q: Scarlet Company received an invoice for $77,000.00 that had payment terms of 2/5 n/30. If it made a…

A:

Q: What is the monthly payment on a 25-year loan of $62,700 if the annual interest rate is 5% ?

A:

Q: Adam Lisa's a car with an upfront payment of $2,708 and monthly payments of $156 assuming there is…

A:

Q: A bond has a $11,000 face value, a 9-year maturity, and a 3.05% coupon. Find the total of the…

A: Annual interest on bond is simple interest earned on face value of bond, calculated as follows:

Q: Find the amount of an annuity that consists of 20 annual payments of $5000 each into an account that…

A:

Q: What is the present value of an annuity that consists of 25 annual payments of $1200 at an interest…

A:

Q: Find the maturity value and the amount of simple interest earned. Round to the nearest cent. 2)…

A: Recall the following fact.

Q: A bond has a $14,000 face value, a 9-year maturity, and a 2.85% coupon. Find the total of the…

A: Topic - interest payment on bond Interest Payment = face value × r ×t

Q: Anny takes out an installment loan to finance the purchase of a pickup truck costing $14,700. Her…

A:

Q: Find the monthly payment for the loan. Finance $450000 for an apartment complex with a 8.5% 30 year…

A: Given   Amount =$45000      years=30    interest=8.5%  since we have the monthly payment for…

Q: () A loan of P50,000 is made for a period of 20 months, at a Simple interest rate of 20% ,what…

A: