Jane Windsor financed a $5,900 ski boat with a 12% add-on interest installment loan for 12 months.  Given the loan required 10% down payment. What is the amount of finance charge? What is the amount of finance charge rebate if the loan was paid off after 10th month?

Q: Ransford and Alda Mariano own a home recently appraised for $422,500. The balance on their existing…

A: ANSWER :

Q: The total of the monthly payments for a 5-year loan is $10,692. The APR is 7%. How much money was…

A: Total payment is At=$10,692. The rate of interest is r=7%. Number of years is n=5. The formula for…

Q: Martin wants to buy a new bedroom set that costs $1,829 including tax. Unfortunately, he doesn’t…

A: Martin wants to buy a new bedroom set that costs $1,829 including tax. Unfortunately, he doesn’t…

Q: George was required to repay a loan that matured to $4,550 on August 14, 2015

A:

Q: Nina and Michael have been approved for a $300,000 30-year mortgage with an APR of 5.25%. How much…

A: Thanks for the question :)And your upvote will be really appreciable ;)

Q: you need a home loan of $85,000 after your down payment. how much will your monthly house payment be…

A:

Q: Carlita rodriguez and her brother purchased a house for $156,600. neighbors credit union financed…

A: cost of house = $156600 downpayment = 20% therefore calculate the downpayment 20% of 156600…

Q: Ransford and Alda Mariano own a home recently appraised for $426,500. The balance on their existing…

A: amount of credit available=?

Q: Madi is looking to buy a used car that will cost her $10,000. She will make a down payment of $5,000…

A:

Q: Ben and Jane have been approved for a $320,000 loan, 30-year mortgage with an APR of 4.75%. What…

A:

Q: What is the total cost of a house you purchased with $20,000 as a down payment and monthly payments…

A:

Q: riana re

A: Given  Pay (P) = 26000$ Rate of interest (R) = 4.125% Time period (T) = 10 years

Q: What was Yvette's monthly payment?

A: Balance after 36th payment = 6521.43 Balance after 37th payment = 6151.8 For monthly payments…

Q: Moira borrowed $8,700 from her grandfather to pay for her first year of college. Five years later,…

A:

Q: Angela Montery has a five-year car loan for a Jeep Wrangler at an annual interest rate of 5.7% and a…

A: find explanation below

Q: Based on that size of loan and the $950 monthly payment, how much would they pay in interest on that…

A:

Q: Ransford and Alda Mariano own a home recently appraised for $428,500. The balance on their existing…

A: The appraised value of the home is $428,500.

Q: What is the mortgage amount for a house showing closing costs for a purchase of $212,000 requiring a…

A:

Q: Monique buys a $5,127 air conditioning system using an installment plan that requires 12.5% down.…

A:

Q: Melissa Silva borrowed $4,200 from the bank. If she has already repaid of the loan, what is the…

A: As per the instruction, we will be answering only the first question. For (16), We are given that…

Q: You owe $5,000 on your credit card, and you plan to pay it off through monthly payments of $100. If…

A: We use formulas: Simple Interest(SI) = (PRT)/100, where P = Principal Amount, R = Rate and T = Time…

Q: Bob Rohrman is offering a 2016 Toyota Camry for $29,000. If you have a $5,000 down payment and are…

A:

Q: Lindsay borrowed a certain amount of money for 4 years at an annual simple interest rate of 5.2%. If…

A: Given:   Lindsay borrowed a certain amount of money for 4 years at an annual simple interest rate of…

Q: Melissa Hernandez received an 8-year subsidized student loan of $29,000 at an annual interest rate…

A: It is given that Melissa received an 8-year loan of $29,000 at an annual interest rate of 4.5%.

Q: You need a home loan of 95000 after your down payment.how much will your monthly house payment be if…

A:

Q: Ransford and Alda Mariano own a home recently appraised for $422,500. The balance on their existing…

A: solution of the given problem is below...

Q: Troy Juth wants to purchase new dive equipment for Underwater Connection, his retail store in…

A:

Q: Craig and Tammy recently sold their home for $247,000. Their loan balance is $134,850. What is their…

A: Given Selling price = $247,000 Loan remaining ( that has to be paid off)  = $134,850

Q: Find the simple interest rate of the principal of Php. 15,000 with simple interest of Php. 30,000…

A: Given Principal (P)= Php15000 Simple interest (SI)= Php30000 Time (T) = 5 years

Q: Ransford and Alda Mariano own a home recently appraised for $422,500. The balance on their existing…

A:

Q: Sofia obtained a house of 25-year mortgage for Php2,150,000. If his monthly payment is Php 15,500,…

A: Given that: Sofia obtained a house of 25-year mortgage for Php2,150,000. His monthly payment is Php…

Q: A couple can afford to make a monthly mortgage payment of $650. If the mortgage rate is 9% and the…

A:

Q: Ransford and Alda Mariano own a home recently appraised for $422,500. The balance on their existing…

A: Given that Ransford and Alda Mariano own a home recently appraised for $422,500. The balance on…

Q: Tom and Linda have been approved for an $185,000, 15-year mortgage with an APR of 5.35%. What will…

A: Since the given term is APR then we have to compute simple interest. The formula for simple interest…

Q: Mr. Sun borrowed $15,600 for 54 months at simple interest to pay for a new swimming pool. If Mr. Sun…

A: Given, P=$15600 T=54/12=4.5yrs Rate=R

Q: Anny takes out an installment loan to finance the purchase of a pickup truck costing $14,900. Her…

A: The amount Anny need to pay with 60 months is 285·60=$17100 .

Q: Mr. Cruz obtained a 16-year mortgagee for 3,592,974. If this monthly payment is 17,520 how much is…

A:

Q: Find the monthly payment for the loan. Used car financing of $100,000 for 20 months at 8.75%.

A: The formula for monthly payment is A=P·i1-(1+i)-n where A= monthly payment amount  P=loan amount…

Q: What is her monthly payment on a 2010 Honda Civic priced at $4500 with a 15% interest rate for a 10…

A: formula for EMI is as below :

Q: Calculate the loan amount on a purchase having a cash price of $885,000 with a 13% down payment.…

A: Total cash price = $885,000 Down payment = 13%

Q: 5. Ahmed borrowed $450 from his credit union to buy a copier. If the interest rate is 9.9% and he…

A: Interest= p×r×t100, where p is the principal amount, r is rate of interest and t is time in years,…

Q: You will have a 350,000 mortgage for 30 years at the rate of 2.39%. What will your monthly payment…

A: We will find out the required monthly payment.

Q: Ransford and Alda Mariano own a home recently appraised for $424,500. The balance on their existing…

A:

Q: The principal is $3,000,000. Mortgage payments are paid monthly. Compare the mortgage payments for a…

A: Since we know the principal value is 3000000, we can say that the present value for both the…

Q: Ransford and Alda Mariano own a home recently appraised for $424,500. The balance on their existing…

A: 80% of appraised value = 0.8* $424,500 = $339,600 But the existing balance on mortgage must also be…

Q: Ransford and Alda Mariano own a home recently appraised for $428,500. The balance on their existing…

A: Given Data: Appraised value=428500 Existing mortgage=133085 Loan=80%

Q: On May 28, 2020, Amy purchased a Government of Canada T-bill that matures on August 4, 2020. How…

A: Future value is $10,000 Rate of interest 1.35%

Q: Find the monthly payment for the loan. Finance $450000 for an apartment complex with a 8.5% 30 year…

A: Given   Amount =$45000      years=30    interest=8.5%  since we have the monthly payment for…

Q: Matthew obtains a 25-year $149,000 house loan with an APR of 8.04%. What is his monthly payment?

A:

Equations and Inequations

Equations and inequalities describe the relationship between two mathematical expressions.

Linear Functions

A linear function can just be a constant, or it can be the constant multiplied with the variable like x or y. If the variables are of the form, x2, x1/2 or y2 it is not linear. The exponent over the variables should always be 1.