42. A recreational vehicle costs $80,000. You pay 10% down and amortize the rest with equal monthly payments over a 7-year period. If you pay 9.25% compounded monthly, what is your monthly payment? How much interest will you pay?

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Q: Mary wants to accumulate $42,000 in a fund with payments of $2,100 made at the end of every quarter.…

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Q: Mr. Geconcillo has a P50,000 loan with interest at 14% compounded monthly due 3 years starting…

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Q: Suppose you have budgeted $ 1130 a month towards a mortgage. If you are offered a 30 year mortgage…

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Q: Suppose you obtain a $5000 Treasury Note with a 3% annual rate, paid quarterly, with a maturity in 2…

A: See the attachment

Q: At the age of 27, to save for retirement, you decide to deposit $80 at the end of each month in an…

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Q: You borrow Ksh 1.2million to buy a new car. The lender charges 5% p.a. compounded at the end of each…

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Q: 9. A man who is going to be living abroad for 2 years wants to buy an ordinary annuity that will…

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Q: Suppose you make a down payment of 6% of $27,600 and finance the rest at 1.5% compounded monthly for…

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Q: You buy a car with a down payment of $700 and payments of $400 per month for 3 years. If the…

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Q: Kim deposited 20 000 pesos at 4. 75% for 4 years and 3 months. Determine the future value of the…

A: (a) Use the formula for the compound interest to determine the future value for the deposit…