You want to buy a $17,000 car. The company is offering a 4% interest rate for 6 years. What will your monthly payments be? {Give 2 decimal places}

Q: The Jones want to save $78,000.00 in 2 years for a down payment on a house. If they make monthly…

A: Solve for monthly payment

Q: You want to buy a new car. You can afford payments of $375 per month and can borrow the money at an…

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Q: Suppose your credit card Annual Prime Rate (APR) is 6%. What is the monthly interest rate (in…

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Q: Find the simple interest and future value of a loan of $20,000 for 4 years at an interest rate of 5%…

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Q: Steven purchased 1000 shares of a certain stock for $25,600 (including commissions). He sold the…

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Q: A certain appliance depot sells a new smart phone for 18,000 php. It offers the buyer payments of…

A: Here we solve the given problem.

Q: You want to be able to withdraw $20,000 each year for 20 years. Your account earns 7% interest. How…

A: Given data: principal (P) = $20000 time (t) = 20 years rate (r) = 7% = 0.07

Q: The price of an item in 2004 was $1.3. Use an inflation rate of 4% to calculate its price in 2030.…

A: The inflation formula is: The inflation value is 4%. The initial price was $1.3.

Q: Use PMT=P(r/)n) / 1−(1+r/n)^−nt to determine the regular payment​ amount, rounded to the nearest…

A: From the given details, we have  Credit card balance P = $3600 Annual interest rate r = 14% = 0.14…

Q: 4) Jorge takes out a $185,000 mortgage loan to buy his first home. The mortgage has a 4.5% interest…

A: We will find the monthly payment and intrest amount after 30 years as shown below

Q: Find the monthly payment (in $) and the total interest (in $) for a mortgage of $42,000 at 52% for…

A:

Q: The major Airline is planning to purchase new airplanes. It wants to borrow $800 million by issuing…

A: The information given for the first question is: Principal Amount = $800 million Time = 10 years…

Q: Meghan Pease purchased a small sailboat for $8,350. She made a down payment of $1,700 and financed…

A: a) Price of small sailboat = $8350 Amount paid through down payment = $1700 Amount paid through…

Q: You can afford a $450 per month car payment. You've found a 3 year loan at 3% interest. How big of a…

A: Given, A person can afford a $450 per month car payment. He found a 3-year loan at 3% interest. Then…

Q: $10,000 is invested for 3 months at an annual simple interest rate of 3%. (a) How much interest will…

A: Using the formula for simple interest we can find solution for a and add with this simple interest…

Q: You want to buy a new car. You can afford payments of $500 per month and can borrow the money at an…

A: From the given data,A=$500 per month.Interest rate of 5.7% compounded monthly for 5 years.

Q: Angela Montery has a five-year car loan for a Jeep Wrangler at an annual interest rate of 6.5% and a…

A: Topic - loan payoff

Q: We want to pay our mortgage in 15 years. The annual interest rate is 6 percent. The bank told us we…

A: Hello! As you have posted 2 different questions, we are answering the first question. In case you…

Q: $25,000 is invested for 6 months at an annual simple interest rate of 3%. (a) How much interest…

A: Given: Principal Amount P=25000 Time N=6 months =6/12 Rate of interest = 3%

Q: You want to buy a $226,000 home. You pla to pay 10% as a down payment, and take out a 30 year loan…

A:

Q: $10000 is invested for 6 years at an annual simple interest rate of 16% a)How much interest will be…

A:

Q: $30,000 is invested for 6 months at an annual simple interest rate of 3%. (a) How much interest…

A: Given  Amount invested = $30000 rate = 3% per annum time = 6 months

Q: You want to buy a $19,000 car. The company is offering a 3% interest rate compounded monthly for 60…

A: Given that you want to buy a $19,000 car. The company is offering a 3% interest rate compounded…

Q: $20,000 is invested for 6 months at an annual simple interest rate of 2%. (a) How much interest…

A: Given that: Money inveted, P=$20000Time period, t=6 months=12 yearRate of interest, r=2%

Q: You decide to quit using your credit card and want to pay off the balance of $9,600 in 4 years. Your…

A:

Q: You plan to purchase a home mortgage for a home that costs $1,329,731 with a 4% interest rate for 40…

A: Given Data: The cost of the home mortgage is: P=$1329731 The interest rate is: r=4% The time period…

Q: You can afford a $350 per month car payment. You've found a 5 year loan at 4% interest. How big of a…

A: Solution

Q: Angela Montery has a five-year car loan for a Jeep Wrangler at an annual interest rate of 6.5% and a…

A: Angela Montery has a five-year car loan for a Jeep Wrangler at an annual interest rate of 6.5% and a…

Q: You borrow $10,000 from a bank for three years at an annual interest rate of 12% compounded…

A: Based on the formula of compound interest, A = P (1 + r/n)^(n*t) A = Total Sum P = Principle value r…

Q: The nominal interest rates is:

A: The nominal interest rate is the percentage increase in money you pay the lender for the use of the…

Q: You can afford a $300 month car per payment. You've found a 4 year loan at 2% interest. How big of a…

A:

Q: $10,000 is invested for 6 months at an annual simple interest rate of 3%. (a) How much interest…

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Q: Find the cost of the item in five years, assuming a constant inflation rate of 9% H.) Tuition,…

A: The future value of a product having a current value of $ P which appreciate at a rate of r %…

Q: (a) Find the interest that will be owed after 4 months. (b) Assuming Susan doesn't make any…

A: Given : Annual Interest rate = 5.35% Monthly Interest rate = 5.35%/12 = 0.445% Time period = 4…

Q: You deposit money into an account paying 9% annual interest compounded monthly. You need the account…

A:

Q: Natalie wants to accumulate at least $40,000 by depositing $2,000 at the end of each month into a…

A: Given query is to find the the number of deposit to reach the goal and the time taken.

Q: You can afford a $350 per month car payment. You've found a 5 year loan at 2% interest. How big of a…

A: Given data- We have to find the future value.

Q: The principal P is borrowed and the loan's future value, A, at time t is given. Determine the loan's…

A:

Q: Your family plans to start a small businessin your neighborhood. Your father borrows $10,000 from…

A: Given query is to find the interest amount.

Q: You want to buy a new car. You can afford payments of $275 per month and can borrow the money at an…

A: Here, I am solving 1st part only and please post the 2nd part of the question againGiven,…

Q: You decide to buy a car for $16,000.00 and decide to make payments of $700 each month. If the loan…

A: According to the question,   A= $ 16,000   Rate (r) = 5 % (compounded monthly)   Present value P = $…

Q: You purchase a home for $238,000, by making a down payment of 15% and financing the remaining amount…

A: Cost of the Home = $ 238000 Down payment = 15 % of cost Time period (n) = 30 years = 360 months…

Q: Question 1 You buy an used car for $16,000 and the bank offers you 5.8% interest on monthly payments…

A:

Q: (a) What are the monthly principal and interest payments (in $) for each loan? 15-year mortgage$…

A:

Q: Meghan Pease purchased a small sailboat for $8,350. She made a down payment of $1,300 and financed…

A: Since solve the first question for you. If youwant any specific question to be solved then please…

Q: You can afford a $250 per month car payment. You've found a 3 year loan at 3% interest. How big of a…

A: Given: You afford $250 per month for a car. The interest rate is 3%  and repay the loan in 3 years.…

Q: $20,000 is invested for 3 months at an annual simple interest rate of 3%. (a) How much interest…

A:

Q: $10,000 is invested for 3 months at an annual simple interest rate of 2% (a) How much interest will…

A:

Q: 2020 Ford Escape, Price is $28,000. Loan is 6 years at 3% interest monthly. Calculate the monthly…

A: The given data is: PV=$28,000Loan=6 yearsn=6×12=72r=3  To calculate the monthly payment using the…

Q: Bob and Liz are buying a house. They have $20,000 for a down payment. The house price is $177,000.…

A: