You want to lease a condominium. The lease costs P220,000 this year and it will increase by 5% a year. If the interest rate is 8% a year, what is the present worth of the leased condominium payments over seven years?

Q: Rashid borrows 3600 OMR for 10 months at a simple interest rate of 10% per year. Determine the…

A:

Q: The manager of a large apartment complex knows from experience that 85 units will be occupied if the…

A: Given,           The manager of a large apartment complex knows from experience that 120 units will…

Q: A loan of 16800 dollars is to be repaid in annual installments of 2000 dollars, the first due in one…

A: Given

Q: Juan borrows a total of $117,500 to pay for medical school. He borrows part of the money from the…

A: The calculation are as follows

Q: Juanita is the self-employed owner of Juanita's Linens. Her estimated annual earnings are $79,040.00…

A:

Q: Instead of saving up, you decide to finance the laptop. What will your monthly payments be if you…

A:

Q: Griffin is purchasing a home!  He has agreed to 5.25% interest over 30 years; his mortgage is…

A:

Q: Priscilla invested $20,000 at a rate of 12% over 5 years. Much to her surprise, her investment paid…

A:

Q: The figure shows estimated medical costs versus what a user actually pays for three health insurance…

A: Aim:  We need to find the amount paid by user (in dollars) under different plans for the medical…

Q: How much simple interest would an investment of $2500 earn at the end of 10 years if the interest…

A: Given p=2500, rate =10% per year, time = 10 year

Q: 4. Puck is planning to buy a new Harley in 2 years. He is able to save $475 each month in an account…

A:

Q: Amelia wants to start a side business as a hair stylist and needs $3,000 to purchase tools and…

A: Amount available to service monthly payment is: =Total income-Total expenses =$1700-$800-$120-$600…

Q: The cost to purchase the house that Bainters are considering is $195,000 but the Bainters plan to…

A:

Q: You want to buy a $28,000 car. You can make a 10% down payment, and will finance the balance with a…

A: Amount = 28000 Down payment = 2800 Financed amount = P = 28000-2800 = 25200 r = 0.04/12 = 0.0033…

Q: Mary Lavor plans to save money at her bank for use in December. She will deposit $30 a month,…

A:

Q: Harrison has two options for buying a car. Option A is 1.3% APR financing over 60 months and Option…

A: Consider the provided question, First consider the option A: Price of car = $35,077 Amount saved by…

Q: Ravi bought a desktop computer and a laptop computer. Before finance charges, the laptop cost $350…

A: Given:          The laptop costs $350 more than the desktop computer.          For the desktop, the…

Q: A student graduate from college with 51,000 in student loans with a 6.8% and you simple interest…

A: Simple interest problem....

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

A: Given: Total moneys to borrow by issuing bondsP=$800 million T=1 quarter taking 2% per quarter Rate…

Q: Suppose that you borrow $17,000 for four years at 6 ​%  toward the purchase of a car. Use PMT equals…

A:

Q: Sulaiman bought a machinery for 9000 RO. He put down 20% and obtained a mortgage for 25 years at 7%…

A:

Q: A businessman needs P50,000 for his operations. One financial institution is willing to lend him the…

A: Interest problem

Q: Joseph migrated to Canada from Ghana 5 years ago. He currently works in sales but is considering…

A: Use the formulae of the Present Value

Q: Chang bought a desktop computer and a laptop computer. Before finance charges, the laptop cost $350…

A:

Q: Suppose that you borrow ​$4000.00 from a friend and promise to pay back $5680.00 in 2 years. What…

A: Formula : Simple interest = PRT/100

Q: James wants to buy a car that costs $14,550. The dealership will finance the car for 5 years, at…

A:

Q: Graduation is 3 years away and you want to have $1300 available for a trip. If your bank is offering…

A: Given,           Amount, A = $1300,            Rate, r=2.2% =0.022           Time, t =3

Q: Jamie wants a new smart/TV sound system that cost $1,250. He does not have that much in cash to…

A:

Q: A farmer loans from a loan firm an amount of P100,000 with a rate of simple interest of 20% but the…

A: We have given that  Amount borrowed = 100000 Rate = 20%

Q: ristan bought a $225,000.00 house, paying 10% down, and financing the rest at 3% interest for 15…

A: Given that  Tristan bought a $225,000.00 house, paying 10% down, and financing the rest at 3%…

Q: 4 Ricardo received parking tickets or $40 and $120 on Monday and Wednesday of the same week. If he…

A:

Q: Trevor plans on getting a $198,000 loan for 30 years to purchase a home. Lender A offers him a 5%…

A: Here’s the mathematical formula to calculate the EMIs payable every month: EMI = [P x R x (1+R)…

Q: The house that you want to buy is selling for P3,250,000. You need to put 3/20 of the selling price…

A:

Q: Karen and Wayne need to buy a refrigerator because theirs just broke. Unfortunately, their savings…

A: To find the monthly payment.

Q: You just received a new Visa credit card with a $5,000 limit and a 19% interest rate. You then…

A:

Q: You want to buy a 210000 home. You plan to pay 21000 down payment and take a 15 year loan at 3.5%…

A: Consider the given information.

Q: Rick wishes to purchase a new car and can afford monthly payments of up to $275 per month: Finance…

A:

Q: . Isaiah's employer has a pension plan that pays 2.2% of the average of his highest three-year…

A: Given: three year salaries is 77500, 81000 and 81500 and worked for 15 years .

Q: Tony and Barb decide to buy new living room furniture worth ​$6,000. They make a down payment of…

A: The answer is found in step-2

Q: Frank bought a desktop computer and a laptop computer. Before finance charges, the laptop cost $350…

A: Given :- Frank bought a desktop computer and a laptop computer . Before Finance charges, the laptop…

Q: If you earn $2950 per month and you expect your earnings to increase by 3.6% per year, how much do…

A:

Q: A couple buys a new bedroom furniture set for 16,000 pesos and 10 years later sells it for 8,000…

A: We have to find the depereciated value after 14 years.

Q: Francella  is considering a loan of $15,000 at 12% interest paid monthly. She is undecided about…

A: Given:  Loan amount, P    = $15,000 Annual interest, R = 12% Term of loan, t     = a) 2 years…

Q: Ticha is interested in a new Chevy Cruze and is given the option to lease or buy. If she buys, with…

A: (a) Obtain the amount of money Ticha will pay in total is as follows. Lease total=Amount…

Q: Rita wants to buy a lot which costs 1 million pesos. She plans to give a down payment of 20% of the…

A: Given that  Rita wants to buy a lot which costs 1 million pesos. She plans to give a down payment of…

Q: Alex Montague needs $6500 to finish his basement. Find the face value of a simple discount note that…

A: Alex Montague needs $6500 to finish his basement. Given Time T=200 days=200365year Discount rate…

Q: Ben Halls is trying to decide whether to lease or purchase a new car costing $18,000. If he leases,…

A: If Ben leases the car than his total cost can be calculated as under: he will have to pay $600…

Q: Shawn and Oscar decide to share a house. Oscar purchases the house in his name but they will spilt…

A: Given that, Oscar bored $ 135675 at a fixed rate of 5.125% for 30 years.

Q: Alejandro put down a deposit of $70.00 on a graduation ring, and he then began making weekly…

A:

Q: 4. Karl's motor cycle needs a new motor. It will cost him $700 if he pays cash and $825 if he pays…

A: Cost of new motor is $700 if it pays by cash in installments it costs $825 down payment=$275 find…