You can afford a $1150 per month mortgage payment. You've found a 30 year loan at 7% interest. a) How big of a loan can you afford? $ b) How much total money will you pay the loan company? $ c) How much of that money is interest?

Q: a land developer declared a dividend of 10,000,000 for its common stock. Suppose there are 600,000…

A: Given, a land developer declared a dividend of 10,000,000 for its common stock. Suppose there are…

Q: Your total payment on a 2 year loan, which charged 9.5% annual simple interest, amounted to $70,560.…

A:

Q: a) How much did the man pay for the use of the money? b) Determine the amount he repaid to the bank…

A:

Q: How much would you need to deposit in an account now in order to have $4,000.00 in the account in 14…

A: We will find the principal for given problem.below find the detail solution in image.

Q: Nina and Michael have been approved for a $300,000 30-year mortgage with an APR of 5.25%. How much…

A: Thanks for the question :)And your upvote will be really appreciable ;)

Q: Using the APR table, how much interest would be charged for a $10,000 loan at 12.5% for 3 years?…

A: Consider the given information. PV=$10000 r=12.5% t=3 years And, the values are defined as.

Q: A $2000 Treasury bond with a coupon rate of 5.9% that has a market value of $1775

A:

Q: The cost of a home is financed with a $130,000, 15- year fixed-rate mortgage at 9.5%. The monthly…

A: The solution is given below

Q: If you buy a computer directly from the manufacturer for $2,838 and agree to repay it in 36 equal…

A: Please refer to the image below

Q: The annual interest rate on a credit card is 17.99%. If a payment of $200.00 is made each month, how…

A: How many months will it take to pay off an unpaid balance of $2,470.04. ?

Q: Michael needs Php 10,000 for the renovation of their house. If he will apply for a discounted one…

A: Simple interest(I) of principal amount P, with rate of interest r% for t years is given by, I=…

Q: If you purchase an item for $1,295 at an interest rate of 9.8% and you finance it for 1 year, about…

A: Suppose that X purchased an item, Cost of the item purchased by X, P=$1295. The interest rate,…

Q: Nanette buys a $5000 20-year bond that has a coupon rate of 2.5%.If she keeps the bond to…

A: We have to find

Q: Compute the specified quantity. Your total payment on a 6 year loan, which charged 10% annual simple…

A: Given The number of years =6 Rate of interest=10% Amount to be paid =70,360 Let x be the amount…

Q: Mr. Samson handed out an intact of 100 BHD as a check-in deposit for his stay in Diamond Hotel. He…

A: Given: Mr. Samson handed out an intact of 100 BHD as a check-in deposit for his stay in Diamond…

Q: In terms of paying less in​ interest, which is more economical for a ​$60,000 mortgage: a​ 30-year…

A: We need to identify which loan is more economical. Use the formula  PMT=Prn1-1+rn-nt    ...1

Q: A house sells for  $155,000  and a  20%  down payment is made. A mortgage was secured at  3%  for…

A:

Q: 10. If Luke put $8,000 into his savings account and earned $100.00 of interest at .25% simple…

A:

Q: A loan of $7,215 was repaid at the end of 11 months. What size repayment check (principal and…

A: The amount of the repayment check was $____

Q: If you buy a computer directly from the manufacturer for $2,654 and agree to repay it in 48 equal…

A:

Q: Cha invests Php5,000 in an investment that earns 5% per annum. How many complete years does it take…

A: The given problem is solved below in detail.

Q: rate

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Q: Raia purchases a finances it with a at a rate of 4.25% car payments?

A:

Q: The monthly payments on a 10-year loan of $20,000 at 6.6% interest are $228.11. (a) What is the…

A: It is given that, the monthly payments on a 10-year loan of $20,000 at 6.6% interest are $228.11.…

Q: You can get a car loan with a term of three years at an APR of 5%. If you can afford a monthly…

A: Given, Loan term = 3 years = 3×12 = 36 months  APR = 5 %  Monthly payment = $ 600  We have to find…

Q: Juan De Mesa borrowed P50k at 2% per month payable in 36 equal end the month payments. a. How…

A: Juan De Mesa borrowed 50,000 at a interest rate of 2% payable in 36 equal end of the month payments.…

Q: An individual borrowed ​$78,000 at an APR of 3​%, which will be paid off with monthly payments of…

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Q: can you solve it with formulas?please make your text readable.

A: Given information PV=$500 Rate of interest r=12% ⇒r=12100=0.01 Time t=2 years Formula for simple…

Q: A farmer purchased 225 acres of land for $4,300/acre. He paid 25% down and obtained a loan for the…

A: This is compound interest problem

Q: Imelda took a loan of Php950,000 from a financial institution to purchase a TV set. If the the…

A: Formula of compound interest: A=P1+rnnt where, A= Final amount P= Initial amount r= rate of interest…

Q: Jonathan wishes to buy a used Chevy Malibu for $12,500. He only has $1,000 for a down payment so the…

A: Simple interest is given by I=PTR/100

Q: A loan of 28,900 is obtained for 5 months at 8 3/5 %. How much is the simple interest?

A: Given that : a loan of 28,900 is obtained for 5 months at 8 3/5 %. We find the simple interest.

Q: A loan officer at a bank has PhP1,000,000.00 to lend and is required to obtain an average return of…

A: Here we will find the required amount to lend by 16% rate,

Q: Your total payment on a 7 year loan, which charged 7.5% annual simple interest, amounted to $70,860.…

A: Solution: We know that simple interest formula for calculating principal(borrowed money) is, P =…

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

A:

Q: Olivia wants to pay her student tuition and fee in four annual payments: 6,000TL, 8,000 TL and…

A: Olivia wants to pay her student tuition and fee in four annual payments: 6,000TL, 8,000 TL and…

Q: Cha invests Php5,000 in an investment that earns 6% per annum. How many complete years does it take…

A: Given Cha invested(P)= Php5,000Rate of interest (R)=0.06Time (t)=?Amount (A)=Php 10,000We know that…

Q: An investor purchased a 93-day, Government of Canada T-bill that had a simple interest rate of 4.50%…

A: Given problem:- An investor purchased a 93-day, Government of Canada T-bill that had a simple…

Q: Jason takes out a car loan for $14,500 and is paying simple interest of 7%.  He finances the loan…

A:

Q: Use the ordinary interest method to find the rate of interest that Valley Mountain Vineyards pays on…

A: Given information Principal amount P=$5,600 Time t=235 days ⇒t=235360 years Amount of interest…

Q: 1. Mr. Cruz borrowed P110,000 at 5% simple interest to pay as down payment for a house and lot. If…

A: Solution

Q: Your total payment on a 7 year loan, which charged 6% annual simple interesr , amounted to $60,860.…

A: Given information -  Time period of the loan = 7 year. Rate of simple interest = 6% Total amount…

Q: You can get a car loan with a term of three years at an APR of 4%. If you can afford a monthly…

A:

Q: A laptop can be purchased for RO 400 for 50 RO down with a payment of 12 RO per month for 36 months.…

A: A laptop can be purchased for RO 400 for 50 RO down payment and 12 RO per month for 36 months

Q: If you pay $1,277 each month on your home mortgage for 20 years, how much will you pay in total for…

A: Total pay = money pay per month × duration

Q: Steve Carrell has agreed to deposit $200 into a fans bank account on their 20th birthday and to…

A: Given : Steve Carrell has agreed to deposit $200 into a fans bank account on their 20th birthday and…

Q: 2. Nominal wage = P29,650.00 Real wage = P11,627.45 llan ang CPI?.

A: We have to find CPI.

Q: 2. Sammy borrowed $10,000 to purchase a new car at an annual interest rate of 11%. She is to pay it…

A:

Q: Jennifer received a loan at 5% p.a. simple interest for 8 months. If he was charged an interest of…

A:

Q: If you buy a computer directly from the manufacturer for $2,612 and agree to repay it in 48 equal…

A: