You borrow 630,000 pesos from your credit union to purchase a used car. The interest rate on your loan is 0.25% per month and you will make a total of 36 monthly payments. What is your monthly payment?

Q: Vermae borrowed PhP 5,500 to her friend and agrees to repay it in 90 days with 5% annual rate. If…

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Q: The loan amount of $320,000 is to be paid back in 360 monthly payments  (30 years). The monthly…

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Q: Iris Chung has a 15-year mortgage loan at an annual interest rate of 7.5%. After making payments of…

A: To determine the loan payoff value.

Q: What is the total cost of a house you purchased with $20,000 as a down payment and monthly payments…

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Q: riana re

A: Given  Pay (P) = 26000$ Rate of interest (R) = 4.125% Time period (T) = 10 years

Q: John made a lump sum deposit of $ 7,600 in an account that pays 6.5% per year. Find the value…

A: Given amount=$7600 , interest=6.5% , Time =5 yearsfind interest and maturity value

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: Based on that size of loan and the $950 monthly payment, how much would they pay in interest on that…

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Q: Jeffery Wei received a 6-year non-subsidized student loan of $31,000 at an annual interest rate of…

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Q: When you were born, your grandfather established a trust fund for you in the Land Bank of the…

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Q: Toni Torres wants to save $1,200 in the next two years to use as a down payment on a new car. If her…

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Q: Jeffery Wei received a 7-year non-subsidized student loan of $31,000 at an annual interest rate of…

A:

Q: A bond has a 14000 face value, an 8 year maturity and a 3.05 coupon. Find the total of the interest…

A: Face value = 14000 Coupon = 3.05% Thus interest rate = 3.05% = 0.0305

Q: On June 1, Elena Moore deposited $610 in a savings account at Metro Savings and Loan Association. At…

A: I have appended the formula used in the solution part.

Q: A newly-formed business bought a property worth PHP14.5M. It deposited a down payment of PHP3M with…

A: Given: Cost = 14.5M Replacement = 3M n = 4*10 =40 rate= 12%

Q: Robert borrowed a certain amount of money for 666 days at an annual simple interest rate of 5.3%. If…

A: Step: - 1 Here, A is maturity value, P is principal, R= interest rate, T=time Step:- 2 P = $2890

Q: Lindsay borrowed a certain amount of money for 4 years at an annual simple interest rate of 5.2%. If…

A: Given:   Lindsay borrowed a certain amount of money for 4 years at an annual simple interest rate of…

Q: Used-car financing of $100,000 for 20 months at 8.75%. what is the monthly payment

A: The principal amount to be financed is P=$100,000 for t=20 months at the interest rate of r=8.75%…

Q: Melissa Hernandez received an 8-year subsidized student loan of $29,000 at an annual interest rate…

A: It is given that Melissa received an 8-year loan of $29,000 at an annual interest rate of 4.5%.

Q: Shelby and Mark Lawrence were married a year ago and are planning to purchase a condo as their first…

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Q: 4. Joe buys a new laptop for $675 and pays for it over two years with 3.% simple annual interest.…

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Q: You need a home loan of 95000 after your down payment.how much will your monthly house payment be if…

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Q: Troy Juth wants to purchase new dive equipment for Underwater Connection, his retail store in…

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Q: Chuong Ngo borrows $2400 from a bank that advertises a 6% simple interest rate and repays the loan…

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Q: Gesky Industrial Products manufactures brushless blowers for boilers, food service equipment, kilns,…

A: Solution...

Q: Find the simple interest rate of the principal of Php. 15,000 with simple interest of Php. 30,000…

A: Given Principal (P)= Php15000 Simple interest (SI)= Php30000 Time (T) = 5 years

Q: Maritess bought a television set using her credit card with monthly payment of 1,200 php at 3%…

A: topic - application of geometric progression

Q: Anny takes out an installment loan to finance the purchase of a pickup truck costing $14,900. Her…

A: The amount Anny need to pay with 60 months is 285·60=$17100 .

Q: The loan amount is $320,000 to be paid back in 360 monthly payments (30 years). The monthly payment…

A:

Q: You have taken a loan of $54,000.00 for 37 years at 5.8%o

A: I have provided this answer with full description in step-2.

Q: Rafaela takes out a 4-year simple interest car loan for $15000 at a 3% interest rate. Is she does…

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Q: You take out a 7-yr car loan for $25,000 with a 7.5% APR. The fixed monthly payment is $383.46. How…

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Q: rt D: Home Depot sells a $1850 gas grill on the installment plan. The installment agreement includes…

A: The selling price of gas grill is $1850.  Installment agreement includes 20% down payment and 12…

Q: Sutton needs to replace the windows in her home. Installed they will cost her $2,500 cash. She plans…

A: Given data is : Cost of installation is $2500 Down payment is $1000 Monthly payment is $95  for 19…

Q: Stephen lent $4,300.00 at a simple interest rate of 4.00% p.a. on March 15, 2014. Calculate the…

A: Given :-initial principal amount=$4,300.00interest rate=4.00% per annumDays Between Two Datesmarch…

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: You will have a 350,000 mortgage for 30 years at the rate of 2.39%. What will your monthly payment…

A: We will find out the required monthly payment.

Q: The principal is $3,000,000. Mortgage payments are paid monthly. Compare the mortgage payments for a…

A: Since we know the principal value is 3000000, we can say that the present value for both the…

Q: you purchase $24,000 in U.S. Treasury Bills with a discount rate of 4.9% for a period of 26 weeks,…

A: Principal =$24000, Time, T = 26 weeks = 182 days = 0.505 years Discount rate = 4.9%

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

A:

Q: Jeffery Wei received a 7-year non-subsidized student loan of $30,000 at an annual interest rate of…

A: Given: Loan Amount=$30,000 Annual interest rate=i=5.4%=0.054 Finance period=7 years Loan is non…

Q: Rebecca took a demand loan of $4000 for university supplies on September 1st at a rate of 5%…

A: Given: P(amount of loan)=$4000, r(interest rate)=5%, t(time period)=first September to first…

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: To buy a laptop, Jihyo borrowed Php 38,000 at 8% simple interest. How much does she have to pay back…

A: When the interest is simple, then the formula used is A=P(1+rt) , where, A is the final amount, P is…

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

A:

Q: Melissa Hernandez received an 8-year subsidized student loan of $28,000 at an annual interest rate…

A:

Q: Jane Windsor financed a $5,900 ski boat with a 12% add-on interest installment loan for 12 months.…

A: Ski boat cost=$ 5900Down payment need to pay on purchase=10100x5900=$590∴Remaining principal…

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

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Q: Matthew obtains a 25-year $149,000 house loan with an APR of 8.04%. What is his monthly payment?

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Q: A graduating college student owes $41,866 for a student loan. The loan charges an APR of 4.2%. What…

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