You pay off a debt of $750 by paying 19% of the remaining balance each month. How many months will it take for your loan balance to be equal to $450? Round your answer to the nearest whole month.

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Q: Jenna borrowed $5,000 for 3 years and had to pay $1,350 simple interest at the end of that time.…

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Q: If you invest $30,000 at 4.76% interest paid quarterly, how long would it take you to double your…

A: PrincipalP=30,000 Rate of interest r=4.76%=0.0476 Double the principal A=60,000 To find: time t…

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Q: The TACO Truck costs $60,000. If you used a straight-line depreciation and plan to keep the vehicle…

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Q: A new car is purchased for 22300 dollars. The value of the car depreciates at 10.25% per year. What…

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Q: You invested $11,000 in two accounts paying 5% and 8% annual interest. If the total interest earned…

A: Let in 5% I have invested x and in 8% I have invested (11000-x)   So total interest earned is:

Q: Joe took out a car loan for $12,000. He paid $4,800 in interest at a rate of8% per year. How many…

A: Considering it as simple interest, Number of years= 4800/{12000×0.08}= 5 years

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Q: A car is purchased for $27,000 After each year, the resale value decreases by 20%  What will the…

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Q: Monthly, Juan's net earnings are $8,000, and expenses are $7,500. If Juan saves the difference, how…

A: Monthly details:  Juan's net earnings =  $8,000    Juan's net expenses = $7,500 difference = $8,000…

Q: Megan has a job where she has a take-home salary each month of $1800. If Megan wants to spend no…

A: Given Megan has a take-home salary each month of $1800 And Megan can spend maximum 25% We have to…

Q: A bank loaned out $15,000, part of it at the rate of 6% per year and the rest at 14% per year. If…

A: Consider, x be the part loaned at 6% y be the part loaned at 14% Bank loaned out $15,000 According…

Q: Suppose you spend $12 a week on snacks. If you donate half that amount to a charity, how much will…

A: Given that, you spend $12 a week on snacks.

Q: A bank loaned out $14.000, part of it at the rate of 7% per year and the rest at 17% per year. If…

A: Let the sum given at 7% of interest be x Therefore the sum given at 17% of interest = $14000-x The…

Q: If you earn $1200 per month and you expect your earnings to increase by 10% per year, how much do…

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Q: At a 5 % annual interest rate, a principal of $2,000 earns $ 400. How long was the principal…

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Q: A new car is purchased for 20700 dollars. The value of the car depreciates at 11% per year. What…

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Q: A BANK LOANED OUT $11000, part of it at tge rate of 8% per year and the rest at 18% per year. if the…

A: In this question we have to find the amount which is loaned out at 8%.

Q: If the price of a business math text rose to $180 and this was 6% more than the original price, what…

A: Given : the price of a business math text rose to $180 and this was 6% more than the original price

Q: and 6 months,

A: Introduction: Simple interest could be a fast and straightforward technique of calculative interest…

Q: How long will it take to pay off a student loan of $20,000 if the interest paid on the principal is…

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Q: You inherited a house worth $650,000 today. If the value increases by 4% each year, what would the…

A: given: we inherited a house worth $650,000 today. If the value increases by 4% each year, we have to…

Q: A new car is purchased for 21100 dollars. The value of the car depreciates at 10.5% per year. What…

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Q: If you pay the credit card company 196.80 each month in order to pay off your credit card, and it…

A: The detailed answer is given below-

Q: for a sum of $8000 to double in 12 years and 9 months, what must be the rate of interest compounded…

A: The solution is given in the next step.

Q: Juan has a goal of saving up $58,250 by making biweekly (26 per year) deposits into a savings…

A: Given Juan has a goal of saving up $58,250 by making biweekly (26 per year) deposits into a savings…

Q: If you have a business loan and you pay 1,133.62 each month for 20 years on the loan, what is the…

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Q: On a balance of $25,000 the finance company charged simple interest of $4,000 for 2 years. Find the…

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Q: A new car is purchased for 24800 dollars. The value of the car depreciates at 12% per year. What…

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Q: Amanda plans to invest $20,000 part of it at a 9% interest rate and part of it in a safer fund that…

A: Amanda plans to invest $20,000 part of it at a 9% interest rate and part of it in a safer fund that…

Q: The amount raised was what percentage more than the funding goal

A: Let's solve.

Q: Suppose your school costs for this term were $7300 and financial aid covered 80% of that amount. How…

A: Given info: School costs for this term is $7300 and the financial aid covered 80% of that amount.

Q: Simone invests $4,000 in an account that compounds interest quarterly and earns 7%. How many years…

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Q: Solve each problem. Round monetary amounts to the nearest cent. 2. Monique buys a $4,700 air…

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Q: Jacob invests $14,000 in an account that compounds interest quarterly and earns 4%. How long will it…

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Q: A man repays a loan of $3250 by paying $ 20 in the first month and then increases the payment by $15…

A: Let the loan is cleared in n months . Clearly, the amount form an A.P with first term is 20 and the…

Q: Suppose your school costs for this term were $8900 and financial aid covered 75% of that amount. How…

A: It is given that financial aid covered 75% of the amount of 8900.

Q: If you want to earn 15% annual simple interest on an investment how much should you pay for a note…

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Q: A new car is purchased for 15500 dollars. The value of the car depreciates at 7.5% per year. What…

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Q: to finance her community college education, Marguerite takes out a stafford loan for $2100. After a…

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Q: The Smiths bought an apartment for $75,000. Assuming that the value of the apartment will appreciate…

A: Please see the answer in Step 2

Q: A car is purchased for $16,500. After each year, the resale value decreases by 20%. What will the…

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Q: A medical insurance policy requires Ana to pay the first $100 of her hospital expense. The insurance…

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Q: Margo borrows $1100, agreeing to pay it back with 3% annual interest after 16 months. How much…

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Q: An inheritance of $24,000 is to be divided among three trusts, with the second trust receiving twice…

A: Given :-  x + y + z = 24000 and y is equal to 2 times x then x+2x+z = 24000 z = 24000 - 3x 3x+z =…

Q: A salesman works for a base salary of $370 a month plus 5% commission on all the merchandise he…

A: Given: Base salary: $370/month 5% commission on all the merchandise he sells beyond $4,000. he sells…

Q: You borrow $4,000 for one year from a friend at an interest rate of 1.5% per month instead of taking…

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