To pay for a $22,200 car, Linda made a down payment of $3200 and took out a loan for the rest. On the loan, she paid monthly payments of $341.42 for 5 years. (a) What was the total amount Linda ended up paying for the car (including the down payment and monthly payments)? ? (b) How much interest did Linda pay on the loan?

Q: The cost to repair a car after a collision was $3,800. The automobile insurance policy paid the…

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Q: mr jackson borrowed money from his bank and on his life insurance to start a buiseness . his…

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Q: Lenese is buying new furniture at Discount Furniture Mart because they are offering to finance her…

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A: Find the annual payment from the given conditions

Q: Maria’s job pays her $1500 a month. What is her gross bi-weekly wage?

A: Given , monthly wage of Maria= $1500

Q: Anna's employer covers 80% of the cost of a $5700-per-year health insurance plan, and her share of…

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Q: Mr. Jackson borrowed money from his bank and on his life insurance to start a business. His interest…

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Q: Moira borrowed $8,700 from her grandfather to pay for her first year of college. Five years later,…

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

A: Cost of necklace = $259 Down Payment = $19 Amount left to be paid = Cost of necklace - Down Payment…

Q: How much money does Nora have for her car down-payment if she invests $750 at a monthly interest…

A:

Q: Jane’s side job is $700 a month less 21% in tax deductions , what is her monthly salary?

A: Given that: Jane's side job earning = $700 a month less 21%

Q: Mary borrowed $28,500 to start her business. The bank charges 4.5% annual simple interest and…

A: Mary borrowed $28,500 to start her business. The bank charges 4.5% annual simple interest and…

Q: Anthony purchased a $218 stereo system at Wrigley's Department Store. He paid $46 down and agreed to…

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Q: Anthony purchased a $212 stereo system at Wrigley's Department Store. He paid $49 down and agreed to…

A: This question is related to interest and finance, We will solve it using given information.

Q: Jasleen saved Rs 5 in the first week of the year and thenincreased her weekly savings by Rs 1.75…

A: Topic - arithmetic Progression

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

Q: To pay for a $23,800 car, Dante made a down payment of $3600 and took out a loan for the rest. On…

A: Given : Down payment = $3600 Loan Principal amount = 23800 - 3600 = 20200 Loan period = 12*5 = 60…

Q: Andy wants to buy a car that costs $22,750. The dealership will finance the car for 5 years, at…

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Q: If sue borrowed $6300 from the bank , she has already paid 2/7 of the loan, whats the remaining…

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Q: Jane Doe has a job in Detroit, MI, that pays $45,550 per year.  How much can she afford to spend…

A: Given that. Salary per year =  $45,550 Set budget = 15% of monthly take home pay.

Q: In 25 years, a bond with a 4.75% annual interest rate earned $2,375 as interest. What was the…

A: Given Annual Rate R=4.75%Time T=25 yearSimple interest SI=$ 2375find principal amount p=?simple…

Q: Georgia purchased a new laptop, which was advertised for $950. She bought it on the installment plan…

A: Given : Price of laptop  = $950, Payment at the time of purchase = $60 Interest rate  = 12% Time  =…

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Q: Jean borrowed $14,919.00 from her parents to finance a vacation. If interest was charged on the loan…

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Q: rett put a $410 item on layaway by making a down payment of 16% of the purchase price. How much does…

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Q: Jenn borrowed $900 from her sister at a simple interest rate of 1.5%. If Jenn will pay back her loan…

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Q: Arvin took out a small loan of ₱900 for 18 months. The simple interest rate on the loan was 10.5%.…

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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: To pay for an SIK,600 motorcycle, Raina made a down payment of $4700 and took out a loan for the…

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Q: Mrs. Stevens bought a Mustang for $ 25,000. If it depreciates at a rate of 15% a year. What is the…

A: Depreciation amount is equal to 15% of 25000.

Q: Anthony purchased a $229 stereo system at Wrigley's Department Store. He paid $40 down and agreed to…

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Q: Susie is paying $531.8 every month for her $150,000 mortgage. If this is a 30 year mortgage, how…

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Q: Shaynen borrowed P 1,200,000.00 for the purchase of his car. If his monthly payment is P 30,000.00…

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Q: Golnesa sold her interest in a partnership for $27,000 cash when her outside basis was $9,000. She…

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Q: Mr. Smith borrowed $26,000 to purchase stock for his baseball card shop. He repaid the simple…

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Q: What is the time period of a P10,000 loan at 6.75% simple interest, in which the total amount of…

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Q: Ernie Rolph borrowed ​$7400 at 8​% annual simple interest. If exactly 1 year later he was able to…

A: Consider a person who borrows $7400 at 8% annual simple interest. He is able to repay the loan…

Q: Johnny borrowed 15,000 from a lending company with annual simple interest rate of 9.5%. If hhe had…

A: The formula for the amount of simple interest after t years is: A=P+Prt100 Here, P is the principal…

Q: You inherited $5000 with the stipulation that for the first year the money had to be invested in two…

A: Given, You inherited $5000 with the stipulation that for the first year the money had to be invested…

Q: Three months after lending money, James received an interest payment of 5 points PHP 812.50. How…

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Q: Mr. Samson received annual salary of ₱30,000. At the end of the year, what would be his 13th month…

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Q: To pay for a $22,900 car, Chau made a down payment of $3200 and took out a loan for the rest. On the…

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Q: A land developer declared a dividend of P25,000,000 for its common stocks. Suppose there are…

A: Solution is given below:

Q: 3.) Jose's' car depreciates at a rate of 12% per year. He bought his car three years ago for…

A: Given, Jose's car depreciates at a rate of 12% per year. He brought his car three years ago for…

Q: kenneth lent his niece $1,200 to buy a computer. two years later, she paid him back the $1,200 plus…

A: Given: P=$1200 I=$96 t=2years r=?

Confidence Intervals

When we calculate intervals in probability and statistics, it can be simply termed as finding out a confidence interval. The confidence interval is usually calculated from the data set which is observed. The value of the parameter that needs to be calculated is present here only.