Your brother borrowed from your neighbor P7 000 to buy a new mobile pho The neighbor charged 11% for the borrowed amount payable after three yen

Q: Lupé made a down payment of $7000 toward the purchase of a new car. To pay the balance of the…

A: The present value of annuity is given by the formula

Q: Christina bought a new car for $⁢21,000. She paid a 10% down payment and financed the remaining…

A:

Q: Richard Miyashiro purchased a condominium and obtained a 20-year loan of $194,000 at an annual…

A: Richard Miyashiro purchased a condominium and obtained a 20-year loan of $194,000 at an annual…

Q: You deposit $200 monthly in a saving plan with APR of 6% for 10 years.  How much would your…

A:

Q: Jenna bought a new car for $35,000$⁢. She paid a 10% down payment and financed the remaining balance…

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Q: P= $4800 r= 5% t= 2 months Simple interest: $

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Q: of $1000 on October 31 and $800 on November 20. What amount will pay off the balance on December 8?

A: Given: The $1000 is paid within discount period that is awaiting 2%  discount The objective is find…

Q: Mr Schoolman borrowed R100 000 from Nedbank. He paid the money with an interest rate of 12.89%…

A: Mr Schoolman borrowed R100 000 from nwdbank. He paid the money with an interest rate of 12.89%…

Q: Mr. Sonny applied for a 250,000 php loan. He plans to pay for this loan annually at 8% per annum for…

A: Given query is to find the principal of 4t installment.

Q: Jerry borrowed $4,000 for 5 years at 6% simple interest rate. How much interest is that? ____ $800…

A: All values given.. Use the formula of simple intrest.. And put the values..

Q: John made a lump sum deposit of $ 7,600 in an account that pays 6.5% per year. Find the value…

A: Given amount=$7600 , interest=6.5% , Time =5 yearsfind interest and maturity value

Q: Mohamed accepted a new position as an electrician. Mohamed has a starting annual salary of 65,000…

A: Given Annual salary(P)= 65000/- Expected raise(r)= 2.4% No. of years(t)= 10

Q: Leona Jefferson purchased a home and obtained a 25-year loan of $437,750 at an annual interest rate…

A: Simple interest problem

Q: Sarah lent $2,630 at a simple interest rate of 2.75% p.a. to her friend on August 06, 2013.…

A:

Q: Gary is buying a $1,250 computer on an installment plan. He makes a down payment of $150. He has to…

A: Ans is given in following photo

Q: Jessica ANarado Raul inherited $3,500.00 from his grandmother. He wants to use the money to take his…

A: Given that:                        Money inherited, P=$3500Time , t=21 monthsRate of interest,…

Q: A man used as a loan program for a small business to obtain a loan to help expand his vending…

A:

Q: You have $400,000 saved for retirement. Your account earns 6% interest. How much will you able to…

A: Given: Involving present value annuity.$400,000 To find:  The periodic withdrawals denoted as P.

Q: Peggy made a down payment of $400 towards the purchase of new furniture. She secured a loan for the…

A: Consider the given information: Down payment is of $400. Rate of interest is 12% compounded monthly.…

Q: peso fund that pays 1% interest compounded annually. How much should he deposit if he wants to have…

A: Use compound interest formula

Q: Mr. Sonny applied for a 250,000 php loan. He plans to pay for this loan annually at 8% per annum for…

A: Given that, Mr. Sonny applied for a 250,000 php loan. He plans to pay for this loan annually at 8%…

Q: Aaron lent $2,480 at a simple interest rate of 2.50% p.a. to his friend on July 10, 2013. Calculate…

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Q: Jenelle bought a home for $430,000, paying 12% as a down payment, and financing the rest at 4%…

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Q: Dobby borrowed $5,000 to start a foundation for recently freed house elves. He gets a 3.25% interest…

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Q: You borrow $625 for 90 days at a simple interest rate of 4.1%. what is the interest on the loan?

A: To calculate the simple interest under the given conditions

Q: Richard Miyashiro purchased a condominium and obtained a 30-year loan of $199,000 at an annual…

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Q: Henry and his new wife, Meaghan, have disposable income of $192,000 per year. They can get a loan…

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Q: 2. Mike deposited on March 12, 2020 at 10.5% simple interest. On September 8, 2020, the fund…

A: Solution

Q: House cost $225,000, you put 20% down. Get 30 yr loan at 3%. What is the total amount of the monthly…

A: Given that, House cost = $225000, Down Payment = 20% of cost, Interest rate (r) = 3 % Time period…

Q: Richard Miyashiro purchased a condominium and obtained a 25-year loan of $190,000 at an annual…

A:

Q: Your friend buys a $16,000 car. Your friend is financing the purchase with a loan at 3.6% with…

A: Given: PV=$16,000r=3.6%=0.036n=12t=5 years To determine: The interest paid over the course of the…

Q: Chuong Ngo purchased a house and obtained a 25 year loan of 199,000 at an annual interest rate of…

A: According to the given information:

Q: You deposit $150 monthly in a saving plan with APR of 6% for 10 years.  How much would your…

A:

Q: Neema bought appliances costing $3795 at a store chargine 6% add- on interest. She made a $1000 down…

A:

Q: Richard Miyashiro purchased a condominium and obtained a 30-year loan of $199,000 at an annual…

A:

Q: Toby takes a one year loan from the bank for $50,000. The bank charges a nominal interest rate of…

A: Given,

Q: Alex was late on his property tax payment to the county. He owed $4,136 and paid the tax 3 months…

A:

Q: You want to be able to withdraw $2,900 each month for 20 years. Your account earns 6% interest. How…

A: NOTE: Refresh your page if you can't see any equations. . here we have PMT=2900 t=20 years n=12 for…

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: 4. A student took out a simple interest loan for $2800 for two years at a rate of 6% to purchase a…

A: The simple interest formula is: A=P(1+rt)

Q: Your Friend buys $19,000 car. You friend is financing the purchase with a loan at 3.6% with monthly…

A:

Q: Richard Miyashiro purchased a condominium and obtained a 30-year loan of $199,000 at an annual…

A:

Q: Joan purchased a refrigerator for $1000. She made a down payment of $85 and paid $i01 a month for 10…

A: This question is about finding total cost of an instrument

Q: You want to buy a house. After the down payment the house costs $102,000. The bank offers you 5.9%…

A: Given query is to find monthly payment for the loan.

Q: June Watson is contributing $4,500 each year to a Roth IRA. The IRA earns 3.3% per year. How much…

A:

Q: Richard Miyashiro purchased a condominium and obtained a 20-year loan of $190,000 at an annual…

A: Data Given: Time: 20 years Loan Amt: $ 190000 Annual Ineterest: 8.25% = 0.0825 Answers: (a) $ 1619…

Q: Karen borrowed $4,046 from a bank for 6 months. The bank collected simple interest on the loan at an…

A: we know that simple interset is calculated as I=PRT100 where P is the principal  R=annual rate of…

Q: Jenna bought a new car for $21,000 She paid a 10% down payment and financed the remaining balance…

A:

Q: Peter lent $2,860 at a simple interest rate of 3.75% p.a. to his friend on September 08, 2020.…

A: This question involves concept of simple Interest. Simple Interest The interest rate is multiplied…

Q: Chez Bazan Bakery borrowed $24,300 for a new commercial oven. The simple interest loan was repaid in…

A: Follow the steps below to yield the result. First compute the simple interest amount. Calculate the…