A man wants to buy a $33,000 car. He will put 20 % down and finance the rest over 4 years. How much will his monthly payments be if he borrows the money at 4.8% annual interest, compounded monthly? Give the answer correctly to 2 decimal places. dollars Do NOT use the dollar sign in the answer box.

Q: Sam invests $4,000 in an account that compounds interest continuously and earns 5.5%. How long will…

A: formula for compound interest is  A=Pertwhere A is final amountP is initial amount r is rate t is…

Q: How much money would you need to invest to have $24,000 after 8 months at 6% annual interest?…

A:

Q: You deposit $3000 each year into an account earning 3.1% interest. How much will you have in the…

A: Given Information Principal P = $3000 Interest rate R = 3.1%

Q: How much would you need to deposit in an account now in order to have $6000 in the account in 10…

A: See the attachment

Q: Donald owes the bank $9450. To repay his debt, he paid a fixed amount back to the bank each month.…

A:

Q: Dylan takes out a bank loan of $11,500 at 3.8% interest compounded annually. How much interest, in…

A: Given data is : Loan P=$11500 Interest rate r=3.8%, compounded annually. Time t=3 years To find the…

Q: You deposit $2000 in an account earning 2% interest compounded monthly. How much will you have in…

A: given, principal (P)=$2000           interest  rate (R)=2%= 2/100 =0.02     (for compounded monthly…

Q: Fritz buys a car costing $10,500. He agrees to make payments at the end of each monthly period for 8…

A: P = 10500 r = 9.6% = 9.6/100 = 0.096 t = 8

Q: ​Annie's cafe borrows $9,400 at 5​% for 240 days. Find the total amount that must be repaid after…

A:

Q: Jaml's Home Repair borrows $4,000, at 16.75% interest, for 330 days. Use the exact interest method…

A: Exact simple interest is a simple interest that uses exact number of days in a year which is 365…

Q: A bank features a savings account that has an annual percentage rate of 5.4 % with interest…

A: P = $ 5500 APR = 0.054

Q: A person has ​$1,264 in your bank account that is paying an interest rate of 2.7​% ​(0.027​) per…

A: image is attached

Q: Kyle has a $15,000 in college debt when he graduates. He will pay it back with regular monthlly…

A:

Q: Matthew deposits $818 in the bank. He is told that his account will earn 4% interest compounded…

A: Matthew deposits $818 in the bank. He is told that his account will earn 4% interest compounded…

Q: Find the original investment in an account if the final amount of money is $8296. It was invested in…

A: Given amount=$8296

Q: Taylor starts an IRA (Individual Retirement Account) at the age of 26 to save for retirement. She…

A: The future value of the investment in the IRA is given by the formula:Here,P is the periodic deposit…

Q: Richard invests $205.42 every month into his retirement. At the end of 30 years, he has a balance of…

A: ANSWER :

Q: Nicolas deposited $800 into an account that pays 3.48% annual interest compounded quarterly. The…

A: Percent increase formula: - The difference between the end value and the original value, stated as a…

Q: Sarah deposited $3000 in an account paying 5.3% per annum compounded semi- annually.

A:

Q: Fritz buys a car costing $8100. He agrees to make payments at the end of each monthly period for 6…

A:

Q: You want to save $20,000 for a down payment on a home by making regular monthly deposits over five…

A: