Amy bought a new car for $26,000 She paid a 20% down payment and financed the remaining balance for 72 months with an APR of 6.5%. Determine the monthly payment that Amy pays. Round your answer to the nearest cent, if necessary.

Q: Bob earns $510 per week. He has been notified that his pay will increase by 2.7% beginning with his…

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Q: Jeremy gets a 4-year simple interest loan from the local bank. If the loan is for $8,938 and the…

A: Given: Jeremy gets a 4-year simple interest loan from the local bank. The loan amount is $8,938 and…

Q: down payment     $  mortgage     $

A: Solution:

Q: Brad decides to purchase a $265,000 house. He wants to finance the entire balance. He has received…

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Q: The price of a car is $22,000. you have to save 20% of the price as a down payment after the down…

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Q: Margo borrows $700, agreeing to pay it back with 3% annual interest after 17 months. How much…

A: Given that The principal amount P=700 Interest rate R=3%=3100Time T=17 months =1712 years .

Q: A gas stove that normally sales for $749 at a 30% discount. What is the sale price of the gas stove

A: Given normally sales price =$749 discount = 30%

Q: An employee makes $13.83 per hour after getting a 3​% increase. What was his original wage per hour…

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Q: Margo borrows $800, agreeing to pay it back with 3% annual interest after 9 months. How much…

A: Simple interest formula: The simple interest formula is given by, I=P×r×t, where P is principal, r…

Q: 4.15%.Find the amount of interest earned and the total value of her account after 18 years.

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Q: Juan bought a T-bill with a simple discount rate of 1.89%. The T-bill will mature in 26 weeks, and…

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Q: Store B is selling the laptop for $425 and has a discount coupon for 25% off. Calculate the amount…

A: The objective of the question is to calculate the amount of discount provided by Store B on the…

Q: Find the amount due if $600 is borrowed for 9 months at 8% simple interest. Amount = $ %3D

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Q: George bought a car for $30,000. He makes a down payment of 15% What is the amount financed?

A: use basic math operation and evaluate the down payment for answer.

Q: Nicolas Cage borrowed $3,456 from his nephew to fund his new movie. Eight months later, he paid back…

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Q: Tuition of $2086 will be due when the spring term begins in 11 months. What amount should a student…

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Q: Claire wants to buy a new generator. The generator costs $1500. Claire decides to finance the…

A: The objective of this question is to calculate the monthly payment Claire has to make for the…

Q: Carol borrows $25,993 to help pay for expenses. The loan is for 6 years and carries an annual rate…

A: Principal amount    P  = $ 25993 Period   n = 6 years Rate of interest  r = 4.5 / 100 = 0.045…