You want to buy a new car. You can afford payments of $250 per month and can borrow the money at an interest rate of 3.8% compounded monthly for 3 years. How much are you able to borrow? Hint: click here If you take the loan, How much interest will you pay total?

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: Carrie took out a $12,000 personal loan to pay off her credit cards. She will not make a payment for…

A: (you are not mention clearly interest rate ,is it monthly or yearly) Given Principal P=$12,000…

Q: You would like to have $550,000 when you retire in 35 years. How much should you invest each quarter…

A:

Q: Stacey purchased a car for $58,300; she paid 5% of the cost as a down payment and financed the…

A:

Q: You would like to have $900,000 when you retire in 40 years. How much should you invest each quarter…

A: Given:Amount after 40 years, A =$900,000                                 Rate, r =4.5%=0.045…

Q: How much should you deposit at the end of each month into an investment account that pays 8.5%…

A: An investment account pays 8.5% compounded monthly. You need to have $3 million dollars when you…

Q: You want to have a $40,000 college fund in 6 years. How much will you have to deposit now in an…

A: To calculate the present value (amount to be invested) for the given conditions to be satisfied

Q: You decide to quit using your credit card and want to pay off the balance of $2,200 in 2 years. Your…

A: This is compound interest problem

Q: Parents wish to have $110,000 available for a child's education. If the child is now 9 years old,…

A:

Q: A recent graduate's student loans total $18,000. If these loans are at 4.2%, compounded quarterly,…

A: A recent graduate's student loans total $18,000.If these loans are 4.2%,compounded quarterly,for 8…

Q: A homeowner planning a kitchen remodeling can afford a $300 monthly payment. How much can the…

A: Given:

Q: Brad has a government bond that will be worth $10,588.13 in seven years.  The bond has an interest…

A:

Q: How much should you deposit at the end of each month into an investment account that pays 8.5%…

A:

Q: ​E-Loan, an online lending​ service, recently offered 48​-month auto loans at 4.8% compounded…

A: Given that,         Periodic Payments PMT = $496        Rate of Interest per period,…

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: A college atudent borrows $10,000 today at 10% interest compounded annually. For years later, the…

A:

Q: A homeowner planning a kitchen remodeling can afford a $900 monthly payment. How much can the…

A:

Q: Kevin deposits a fixed quarterly amount into an annuity account for his child's college fund. He…

A: Given data: The future value is FV=$80000. The time taken is t=13 years. The APR is r=3.3%.

Q: You decide to start a new business and need to take out a business loan for $123,000.00 for 25 years…

A:

Q: You want to buy a new car. You can afford payments of $450 per month and can borrow the money at an…

A:

Q: In how many years will the amount of P10,000 triple if invested at an interest rate of 10%…

A:

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

A:

Q: The Omega Venture Group needs to borrow to finance a project. Repayment of the loan involves…

A:

Q: You would like to have $800,000 when you retire in 40 years. How much should you invest each quarter…

A: Given that: Future value of annuity = $800000 Interest rate = 5.2% compounded quarterly. Time = 40…

Q: How much would you need to deposit in an account now in order to have $4,000.00 in the account in 8…

A: How much would you need to deposit in an account now in order to have $4,000.00 in the account in 8…

Q: Attucks College predicts that in 12 years it will take $⁢250,000 to attend the college for four…

A: Given Information A =$250000,  rate of interest = 11% = 0.11 n = 12 (Compounded monthly) t = 12…

Q: You plan to save money for a down payment of $37,000 to purchase an apartment. You can only afford…

A: Introduction: The formula of payment per month of a loan of the amount is given by, EMI=Pr1+rn1+rn-1…

Q: Suzanne opens a line of credit at a local bank, and immediately borrows 1510 dollars. 5 months…

A:

Q: You are considering taking out a loan of $5,000.00 that will be paid back over 12 years with monthly…

A: Given information Loa amount P=$5,000 monthly payment PMT=$44.51 Paid back in 12 years compounded…

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 want to have a $ 93,477 college fund in 10 years.  How much will you have to deposit now in an…

A: Given Data: The expected accumulated balance after 10 years is: A=93477 $ The interest rate is:…

Q: A recent graduate's student loans total $14,000. If these loans are at 4.8%, compounded quarterly,…

A: Given:

Q: A recent graduate's student loans total $16,000. If these loans are at 5%, compounded quarterly, for…

A: FORMULA A=final amount P=initial principal balance r=interest rate t= number of time period…

Q: An employee wants to retire and receive 5 000 a month. She wants to pass this monthly payment to…

A: The provided information is  A=5000 i=8%=0.08 The the formula for perpetuity is  P=AiA=the interest…

Q: A recent graduate's student loans total $17,000. If these loans are at 4.2%, compounded quarterly,…

A:

Q: Henry buys a new house. He takes out a loan worth $400000, with an annual interest rate of 7%,…

A:

Q: (a) If you invest $8,000 in an account that earns an APR of 4% simple interest, what will be the…

A:

Q: Parents wish to have $150,000 available for a child's education. If the child is now 8 years old,…

A:

Q: would like to have $600,000 when you retire in 25 years. How much should you invest each quarter if…

A:

Q: A recent graduate's student loans total $13,000. If these loans are at 5%, compounded quarterly, for…

A: The formula for present value of ordinary annuity formed by R payments with interest i for n periods…

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: Jennifer's pension plan is an annuity with a guaranteed return of 5% per year (compounded monthly).…

A:

Q: You want to buy a new car. You can afford payments of $350 per month and can borrow the money at an…

A: Given query is to find the loan amount and interest paid.

Q: Olivia would like to buy some new furniture for her home. She decides to buy the furniture on credit…

A:

Q: You borrow $450,000 from a bank to buy a house, at a rate of 2.25%, for 30 years. How much will your…

A: In the given problem,  P=450,000 $r=2.25% compounded monthlyt=30 years Here, interest is compounded…

Q: Kimberly Miller Compounding - Solve for Principal Nov 09, 10:13:12 PM Watch help video Brayden is…

A: Solve for principal amount

Q: Jesse purchases a retirement annuity that will pay him $1,500 at the end of every six months for the…

A: 9years +3 years =12 years r=3.5%t=11n=4 Payment received =1500×2×9+600×12×3=27000+21,600=$48,600

Q: A loan is to be repaid quarterly for 12 years that will start at the end of 3 years. If the interest…

A: Formula for present value

Q: when you retire in 15 years. If you can earn 3%

A:

Q: Use the Zero Coupon Bond information above to answer this question. A zero coupon bond with a face…

A:

Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.