Suppose you want to buy a new car that costs $32,700. You have no cash – only your old car, which is worth $3000 as a trade-in. The dealer says the interest rate is 3% add-on for 4 years. Find the monthly payment. The monthly payment is $ (Type an integer or decimal rounded to the nearest cent as needed.) Enter your answer in the answer box. Th Te Show * download (18).jpg U Untitled presentati.pdf photo-144098589...jpg hp hp Sd Sbund

Q: The amount of $200 is deposited at the end of every six months into a savings account that pays 3%…

A: Given A=$200 n=5 years=10 half years Interest rate is 3% compounded semi annually. then i=32=1.5%…

Q: Tirade Owens, a professional athlete, currently has a contract that will pay him a large amount in…

A: GIVEN :-  Tirade Owens, a professional athlete, currently has a contract that will pay him a large…

Q: The average daily balance of a credit card for the month of December was $5600, and the unpaid…

A: Given Data: The average daily balance of a credit card for December is: A=$5600 The unpaid balance…

Q: Clark borrows 25000 dollars on December 1st 2021. He has to be repay the amount in 15 equal monthly…

A:

Q: The all - new Vespa Sprint 150 is sold at a cash price of 205,000 php. Johnny acquired his unit at a…

A: topic - application of geometric progression

Q: On April 13, Michelle Lizaro borrowed $3,000 from her credit union at 9% for 100 days. The credit…

A: Given that on April 13, Michelle Lizaro borrowed $3000 from her credit union at 9% for 100 days.…

Q: Determine the future value of Php29, 500.00 loan after 7 years at 3% per annum

A: FORMULA: A=P1+rnnt where A= Future value P= Initial value r= rate of interest t= time period n=…

Q: To finance a property, a loan at 1.2% annual interest is taken out on 01.01.2021 in the amount of…

A: Let's find final interest amount.

Q: A partial payment is made on the date indicated. Use the United States rule to determine the balance…

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Q: Businessman has a note of Php. 20,000 dated April 17, 2016. The date is due in 130 days with the…

A: Given : Principal amount =20,000 Interest rate=15% Dated April 17,2016

Q: On June 15, Julio borrowed $1,070.00 from Sheridan Credit Union at 7.3% per annum calculated on the…

A: Given,          Balance before payment=$1,070.00                            Amount Paid=$160.00…

Q: An employee invests $400 per month in an ordinary annuity. If the interest rate is 5.2%, find the…

A: Given P= 400, t= 25 and r =0.052, n = 12

Q: aduating from school, Ahmet, 30 years old, wants to make a retirement plan for his future with the…

A: After graduating from school, Ahmet, 30 years old, wants to make a retirement plan for his future…

Q: Central Auto Parts borrowed $346,000 at 9% interest on July 30 for 129 days. a. If the bank uses the…

A:

Q: Determine the exact simple interest on P150 000 for the period June 25, 2005 to September 2, 2006,…

A: When the interest is simple, the formula that to be used is I=Prt, where I is the simple interest, P…

Q: years

A:

Q: Central Auto Parts borrowed $550,000 at 9% interest on July 12 for 120 days. (a) If the bank uses…

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Q: On 5th July 2020,Fatimah borrowed RM900 and agreed to repay the loan in 100 days at 10% per annum…

A: Solution

Q: Central Auto Parts borrowed $250,000 at 9% interest on July 8 for 120 days. (a) If the bank uses the…

A: Given Information P=$250,000 R=9% T=120 days=0.33 year we have formula : Interest = PRT100 Ordinary…

Q: An interest –in-advance collected from an amount of P85, 500 borrowed for 450 days and discount rate…

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Q: What is the value of $2000 per year, at a discount rate 11% , if the first payment received 9 year…

A: Given query is to find the future value of the above agreement.

Q: Mr. Canlapan deposited his money from selling his old vehicle. The fund would allow him to withdraw…

A: We will find out the required value.

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A: Given future lump sum of money at 15th year = 23236.25  Interest rate = 8% To determine the deposit…

Q: 5. For the purchase of an SUV worth P1,200,000, the bank requires a minimum  amount of 20% down…

A: Given: SUV worth is  P1,200,000. 20% required down payment. To find mortgage amount.

Q: Compute the future value of a salary loan worth Php 35,000 at 8% for 3 years and 6 months.

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Q: $27000

A:

Q: Compute bank discount using: $12,000; 13%; 120 days ordinary interest  proceeds  effective…

A: Given query is to find the ordinary interest  proceeds  effective interest rate.

Q: Calculate the missing information on the revolving credit account. Interest is calculated on the…

A: To find the missing information

Q: Find the ordinary interest and exact interest both approximate respectively on Php 6,025 at 6 1/4%…

A: To find the ordinary interest and exact interest both approximate from November 20, 1989 to April 6,…

Q: Congratulations! You just won the Pennsylvania Lotto Wild Ca$h Multiplier – their newest scratch-off…

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Q: ABC acquired a new Laser Machine worth P580,000.00. The center plans to pay 40% advance payment and…

A: Let's find.

Q: A loan made today has a future worth of P53,376 at the end of 6th year and P93,091 at the beginning…

A: Let's find the solution,

Q: To help open up a jewelry store, Amy borrowed money from her credit union. She took out a personal,…

A: Given that  Loan amount (P) = $48,500 Interest rate  = 6.45% = 0.0645  Monthly rate (r)  =…

Q: The employees at an NGO are awarded increments on their salary according to the following policy: no…

A: Given: Increment after 2 years is 5%. Increment after 4 years is 13%. Current salary of the…

Q: Calculate the future value of an investment worth $1,800 that pays 1.5% simple interest rate after 5…

A: Given,  Investment amount=$1800 annual rate of interest, r= 1.5%=0.015 time, t= 5 years

Q: Using ordinary interest, 360 days, calculate the missing information for the simple discount note.…

A: 1) Maturity date for 106 days From 8th September will be (22+30+30+24) = 106 day Which will be 24…

Q: Find the ordinary and exact interest on P10,490 at 10% interest rate for 108 days.

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Q: To help open up a restaurant, Isabel borrowed money from her credit union. She took out a personal,…

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Q: Engr. Singson wants to get married on June 8, 2023. According to his estimates, he will need…

A:

Q: Central Auto Parts borrowed $250,000 at 9% interest on July 8 for 120 days. (a) If the bank uses the…

A: Interest = PRT/100 Ordinary interest has 360 days per year.

Q: Due to a car accident you receive a settlement from insurance of $50 a month for the next ten years.…

A:

Q: Ahmed borrows $10,000 from Al- Rasheed Bank on June 1 and must repay a total of $11,400 exactly 2…

A: Solution of given question is written in below steps.

Q: Eight thousand dollars has to be invested for ten years. For each option below, calculate the…

A: Given, Principal P0 = $8000 rate of interest r=6.5% compounded monthly time n=10 years

Q: You will be in graduate school for the next two years, You borrowed some money from the bank for…

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Q: 2. Elen Serug needs P70,000 to repair her roof. Find the face value of the note that will provide…

A: To find- Elen Serug needs P70,000 to repair her roof. Find the face value of the note that will…

Q: A certain sum of money in simple interest scheme amount to 8,880 in years and 7,920 in 4 years…

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Q: paid on July 5

A: Given- A loan of P100,000 was made on January 25, 2018 with 4.7% simple interest. In the given…

Q: Kimberly has just started her first job and decides to begin saving for a car. She opens a savings…

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Q: Determine the interest rate being used if Php105, 200 earns Php60,000 after 5 years

A: considering the Simple interest , The principal is Php 105,200 The Interest  earned is Php 60,000…

Q: A man borrows Php 100,000 from the Social Security System for a term of one year. The interest…

A: Bank Discount  =100000×15100=15000