) Ayda bought a video recorder listed at RM 2777 cash through an installment plan. She paid RM 277.70 as a down payment. The balance was settled by making 15 monthly installments. If the interest rate charged was 12% per annum on the original balance, find the: a) total interest charged. b) installment price. c) monthly payment.

Q: My first 30-year fixed mortgage was for $200,000 at 6.25%. Determine my monthly mortgage payments.

A:

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A: Consider the given data  cost of home=$165,000down payments=$25,000rate of mortgage r=5%time t=30…

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Q: (b) $926,500; 22% down down payment amount financed $ tA

A:

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A: To determine the loan payoff value.

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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A: find explanation below

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Q: Landon Wallin is an auto mechanic who wishes to start his own business. He will need ​$4000 to…

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Q: Chris Gaal wants to purchase a car that costs $12,667 including all fees, taxes, etc. He has to make…

A: The expression: x% of y is same as the expression: x100×y. It is provided that the cost of the car…

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A: This is a problem of simple interest calculation. Formula for calculating simple interest is, SI =…

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

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A: Juan De Mesa borrowed 50,000 at a interest rate of 2% payable in 36 equal end of the month payments.…

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A: Monthly interest rate  = 0.5 % yearly interest rate  = 005*12 =6 %Loan amount = 320,000 $monthly…

Q: Find the monthly payment on a VCR with an installment price of ​$976.44​, 12 monthly​ payments, and…

A:

Q: Travis Thompson uses his credit card to obtain a cash advance of​ $600 to pay for his textbooks in…

A: Given thatTravis Thompson uses his credit card to obtain a cash advance of​ $600 to pay for his…

Q: Angela has just purchased a home for $159,000. A mortgage company has approved her loan application…

A:

Q: Stock Bonds and Mutual Funds/ Compound Ammount Formula/ Credit Card and Consumer Loan/APR 1. Mr.…

A: Given:      Loan amount d=980       Annual interest rate r=15%…

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A: Given P=3200 n=5 i=8% =0.08

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Q: Bernardo Alicea founded an insurance company. For office expenses, he asked the bank for a loan of $…

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Q: Veronica took out a 48 month loan of $5,500 to make some home improvements. At a simple interest…

A: Loan amount P=$5500 Rate of interest r=3.25% Time t=48 month

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A: The amount of proceeds is calculated as follows. Proceeds=Face Value - Discount   Obtain the…

Q: Mitchie borrowed $23,000 from Meridian Credit Union at 4% per year and agreed to repay the loan in…

A:

Q: For a home mortgage of $150,000 at 6% interest for 30 years, find the followin a. Monthly payment.…

A: Given principal (p)= $150,000 Rate of interest (r)= 6%  Time in years (t)= 30 30 years = 30 × 12=…

Q: A computer store sells for  $2,200,000 . The buyer made a  30%  down payment and secured a  20…

A: Given that, A computer store sells for $2,200,000. The buyer made a 30% down payment and secured a…

Q: Anna is buying a house selling for ​$255,000. To obtain the​ mortgage, Anna is required to make a…

A: Given cost of the house (C)=$255,000  Given rate of interest is 6% per year=6/100 per year  So the…