a man buys a car for 34,000 if the interest rate on the loan is 12% compund monthly and if he wants to make monthly payments of 600$ for 48 months , how much must he put down ?  answer is 11,215.62

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Q: Mr. Dan Dapper received a statement from his clothing store showing a finance charge of $2.10 on a…

A: Solution is given below:-

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Q: Morgan loaned $3,100 to Rolf at a simple interest rate of 0.65% per month. What was the  term of the…

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Q: Bella Sandino made a $600 loan to her friend, Sadie, at 11%. Sadie paid back the loan with interest…

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Q: A mortgage of $100,050 is repaid in 240 monthly payments of $900. Determine the monthly rate of…

A: A mortgage of $100,050 is repaid in 240 monthly payments of $900. Therefore the total amount of…

Q: Ahmed purchased a Television for RO 800 with a down payment of 15%. The loan is taken from Bank…

A: The expression, x% of y is evaluated as follows. x% of y=x100·y=xy100   For example, 5% of 200 is…

Q: Your total payment on a 4-year loan, which charged 8.5% simple interest, amounted to $70,160. How…

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Q: An individual borrowed ​$78,000 at an APR of 3​%, which will be paid off with monthly payments of…

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Q: THe washingtons buy a studio apartment for $240,000.00, what percentage down payment is 12,000.00?…

A: topic - percentage

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Q: Kris borrows some money in her senior year to buy a new car. The car dealership allows her to defer…

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Q: Jenn borrowed $900 from her sister at a simple interest rate of 1.5%. If Jenn will pay back her loan…

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Q: Find the simple interest Jolie owes on a 2-year loan for $8,000 to buy a used car at the rate of 9%…

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Q: A farmer purchased 235 acres of land for $4,900/acre. He paid 25% down and obtained a loan for the…

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Q: A loan for ​$3,500 with a simple annual interest rate of 8​% was made on June 26 and was due on…

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Q: Ana nec a loan of Pnp120. 000.00 for 15 montns ana paia Pnp360.00 interest. What was the simple…

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Q: a repa

A: Kara makes a monthly payment of = $175

Q: Elle borrowed $15,000 for 4 years at an annual simple interest rate of 2.5%. Find the total amount…

A: The objective of this question is to calculate the total amount due on a loan. The total amount due…