Selling price of home: 78,000 Down payment:4000 Principal(loan):74000 Rate of interest7% Years: 30 What is the total cosy of interest

Q: Sam borrows $28 000 to buy a new car at a flat interest rate of 9% per annum over 3 years. How much…

A: It's a question of flat (simple) interest rate. We will calculate interest, add the same to the…

Q: 700 dollars is placed in an account with an annual interest rate of 8.25%. How much vill be in the…

A: Follow the procedure given below.

Q: Find the interest. Principal $1850 Rate Time in Months Interest 5.5% 3 The interest is $ (Round to…

A:

Q: The discounted value of a perpetuity is $20 000 and the yield on the fund is j2 = 8%. What payment…

A: EAR = 8.16%           1+8%22-1                     Apr (monthly compounding)…

Q: ind the time required for an investment of 5000 dollars to grow to 8400 dollars at an interest rate…

A:

Q: suppose you pay back $455 on a $425 loan. You had the loan for 120 days. what is your simple annual…

A: Formula for simple interest:A=P1+rtwhere A= Total amount         P=initial amount         r=…

Q: Amount borrowed is $250,000 and the interest rate is 8% . The loan amount is to be paid back in 6…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Compute the total and annual retun on the following investment. Five years after paying $2900 for…

A: Given, Five years after paying $2900 for shares in a startup company,             you sell the…

Q: Use PMT=P(r/)n) / 1−(1+r/n)^−nt to determine the regular payment​ amount, rounded to the nearest…

A: From the given details, we have  Credit card balance P = $3600 Annual interest rate r = 14% = 0.14…

Q: You deposit $100 each month into an account earning 7% interest compounded monthly. Round to the…

A: NOTE: Refresh your page if you can't see any equations. . here we have PMT=100 r=7%=0.07 n=12 for…

Q: 8300 dollars is placed in an account with an annual interest rate of 6.5%. How much will be in the…

A: The rate of interest is, r = 6.5 The principal amount is, 8300 dollars  So, the annual interest…

Q: Find the monthly payment (in $) and the total interest (in $) for a mortgage of $42,000 at 52% for…

A:

Q: Find APR (rounded to the nearest tenth of a percent) for the loan. Purchase a living room set for…

A: Compound Interest: The annual percentage can be calculated by using the formula: APR=2NrN+1Where,…

Q: House cost $225,000, you put 20% down. Get 30 yr loan at 3%. How much interest did you pay over 30…

A: Given problem is :

Q: The price of a home is ​$210,000. The bank requires a​ 15% down payment. The buyer is offered two…

A:

Q: 12. Miko borrowed P25,000 at 10% annual simple interest rate. How much should he pay after 3 years…

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: You want to purchase a bond that has a face value of $40,000

A: Given, Face value of the bond: F=40000 Quarterly interest payment: I=40000×8100×14=100×8I=800 Yield…

Q: Mr. Nelson had to borrow $1500 to purchase a new water heater after the snowpacalypse. The loan had…

A: Question is related to interest.

Q: Mr. Reyes borrowed P125,000 at 5% rate of interest for 4 years. What percent greater is the amount…

A: Solution

Q: 20-year home currently Suppose mortgages are available at a rate of 5.5 percent per year. Jason and…

A:

Q: Vicki takes out a 10-year loan. The loan is repaid by making 10 level annual repayments at the end…

A:

Q: you pay $6200 for a municipal bond. When it matures after 16 years, you receive $11,800. a. The…

A: (a)The future value FV=$11,800Present value PV=$6,200r= rate of return per annumn= number of…

Q: You want to be able to withdraw $20,000 each year for 20 years. Your account earns 5% interest…

A:

Q: a. Identify the amount​ borrowed, the annual interest​ rate, the number of payments per​ year, the…

A: Here we have, An individual borrowed  $72,000 at an APR of 6​% which will be paid off with monthly…

Q: Preview Principal $1,125,000 $ 1125000 Correct. Good Job! b) How much interest will she pay over the…

A:

Q: The purchase value of an office computer is $12,500. Its annual depreciation is $1875. Find the…

A: Given- The purchase value of an office computer is $12,500 and its annual depreciation is $1875. To…

Q: House cost $225,000, you put 20% down. Get 30 yr loan at 3%. What is the total amount of the monthly…

A: Given that, House cost = $225000, Down Payment = 20% of cost, Interest rate (r) = 3 % Time period…

Q: Megan leased a car for 5 years at a rate of 4.80% compounded monthly. It required her to make…

A: Total amount paid after 5 years or 60 months = 665 x 60 = $ 39900 Remaining amount that she can pay…

Q: In order to purchase a residential homesite, a man borrows $50,000 from his father. The son pays his…

A: Let's find.

Q: How much interest will this account earn, if compound interest is calculated yearly? Principal =…

A:

Q: Find the total monthly payment for a $280,000 mortgage loan at 3.% for 20 years. The assessed value…

A: The formula to calculate the EMI that is the equal monthly installment is: EMI = P·r·1+rn1+rn-1…

Q: Cueton Hep For her daughter's education, Georgina Harcourt has invested an inheritance in a fund…

A:

Q: Your family plans to start a small businessin your neighborhood. Your father borrows $10,000 from…

A: Given query is to find the interest amount.

Q: Principal          145,000 Rate% Time                  2 years Interest            18,850…

A:

Q: Donny has paid $15,000 for a retirement annuity from which he will receive $2.063 at the end of…

A: Donny has paid $15,000 for a retirement annuity from which he will receive $2,063 at the end of…

Q: You want to save $20,000 for a down payment on a home by making regular monthly deposits over five…

A:

Q: 2020 Honda Civic, Price is $22,000. Loan is 6 years at 3% interest monthly. Calculate the monthly…

A: Given Initial price of car P=$22,000Total time t=6 years Monthly interest i=3%

Q: Maria invests RSO 000 in an investment accourt where she eams 5% interest per annum. How much money…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Craig decides to purchase a property that has been valued at $560,000. He has $90,000 available as a…

A: According to the given information, The total value of property = $560000 Amount of deposit = $90000…

Q: Caitlin borrowed a certain amount of money for 6 years at an annual simple interest rate of 5.2%. If…

A: Given:   Caitlin borrowed a certain amount of money for 6 years at an annual simple interest rate of…

Q: A company gets a discount loan at a 12 percent interest rate.  They borrow $100,000 for one year.…

A:

Q: At auction on August 18, 2005, 3-month T-bills were sold at a discount of 3.470%. What was the…

A:

Q: Original cost: $98 Current cost: $89 Find the percent of decrease. [? ]% Round to the nearest whole…

A:

Q: Trevor invests an amount of R20 000 in a bank. Calculate, using appropriate formulae, the…

A: Here AS PER POLICY I HAVE CALCULATED FIRST MAIN QUESTION ONLY

Q: 3400 dollars is placed in an account with an annual interest rate of 7.5%. How much will be in the…

A: Given:  Principal=P = $ 3400 Rate of interest= 7.5% To find the amount of money in account after…

Q: etermine the interest and the amount for the indicated time. (F» 1. Principal: $4,000 at 6% for a) 4…

A:

Q: 2020 Ford Escape, Price is $28,000. Loan is 6 years at 3% interest monthly. Calculate the monthly…

A: The given data is: PV=$28,000Loan=6 yearsn=6×12=72r=3  To calculate the monthly payment using the…

Q: You want to take out a $125,000 mortgage. The interest rate on the mortgage is 5%, and the loan is…

A:

Q: A man bought a car for 2.5m cedis. He paid 40% of the cost and paid the rest in equal monthly…

A: cost paid initially=2.5×40100=1 (in million of cedis)amount to be paid=2.5-1=1.5M but he took 8…

Q: John grosses $27,000 a year. What is his gross semi-monthly wage?

A: