Bastian takes out a $3,500 personal loan with 5.6% fixed annual interest compounded monthly to pay for a welding certification program. He repays the loan in one year. How much total interest does Bastian pay on his loan? O $408.36 O $107.08 O $300.59 O $1,400.32

Q: Cody borrowed $9100.00 from his credit union. He agreed to repay the loan by making equal monthly…

A: Solution:

Q: Peng Lacson borrowed $4,000 for 5 years at 6% simple interest rate. How much interest is that? * O…

A: Solution

Q: A lump sum of 4190 dollars is invested in an annuity that pays 9.2 percent interest compounded…

A:

Q: $35,000 to invest in a saving account. She receives a steady interest rate of 2.15% compunded…

A: Given Principal amount = $35,000 Interest rate = 2.15% time = 20 years

Q: Justin Beiber takes out a $30000 loan for her new Ford Mustang. He will pay back the entire loan at…

A: Given information Principal = $30000 Time = 8 years Interest rate = 7.25%

Q: You make an offer of $324,000 on a house and it is accepted. You receive a loan of 6.5% for 30…

A: You make an offer of $324,000 on a house and it is accepted. You receive a loan of 6.5% for 30…

Q: Aman earns N150,000 per annum. He is allowed a tax free pay ofN40,000. fhe pays 25 kobos in the…

A: Since Kobo is the monetary unit in Nigeria, equal to on hundredth of Naira.  So We have Total annual…

Q: Use this table to find the monthly mortgage payments, when necessary. Roberto has a mortgage of…

A:

Q: Jacob has $4,800 to invest in a saving account. He receives a steady interest rate of 3.35%…

A:

Q: Proud Papa took out a loan for $15,000 for his daughter’s wedding. He can borrow the money from a…

A:

Q: Sarah deposited $9,300 in a savings account that earns 17.5% annual simple interest. How much is in…

A: total amount in her account after 42 months will be  = initial deposited + simple interest   simple…

Q: Sarah spent $500 on a credit card last month. She went online to her account and paid $250 towards…

A: Sarah spends $500 from her credit card last month. So the balance in the credit card now is -500

Q: You can afford $1,000 per month as a house payment. If you can get a home loan at 5.2% interest for…

A: Given that The monthly payment PMT=$1000Interest rate  r=5.2%=5.2100=0.052Compounded monthly…

Q: Jackie took out a $9000.00 personal loan with a 4.5% interest rate that she will pay back in 3…

A:

Q: Sanjeep takes out a $250,000 mortgage. The yearly interest rate on the loan is 5% and the loan is…

A:

Q: you pay $6200 for a municipal bond. When it matures after 16 years, you receive $11,800. a. The…

A: (a)The future value FV=$11,800Present value PV=$6,200r= rate of return per annumn= number of…

Q: $1,400, at 8% interest, for 42 months

A:

Q: The purchase value of a class set of iPads is $20,750. Its annual depreciation is $1,929. The value…

A: The purchase value of a class set of iPads is $20,750 and its annual depreciation is $1,929

Q: mortgage, what is the total amount of interest? *

A: Here total interest paid = total payments-borrowed amount

Q: Johnny found a job at McDonalds with a starting salary of $27,000. He is guaranteed a raise of 4.75%…

A:

Q: A friend lends you $860, which you agree to repay with 2% simple interest. How much will you have to…

A: Other

Q: You take out a 7-yr car loan for $25,000 with a 7.5% APR. The fixed monthly payment is $383.46. How…

A:

Q: Michelle deposits P1o,000 in an account that eams 8% simple interest. How long will it take for the…

A:

Q: A savings account that has 850$ deposited on march 1st earns 0.4% annual interest compounded daily.…

A:

Q: lamil wants to renovate his Studio in 6 years. H estimates the cost to be $16511. How much should he…

A: Given          Future value (FV)=$16511     Interst rate (r) =8%=0.08   Time period (n) =6 years

Q: Joe I married and claims three allowances. The gross earnings on his last bi-weekly check were…

A: Gross earnings = $1895

Q: Alexei finances her purchase of a $900television. Her one-year loan has a fixed annual interest rate…

A: Given Alexei purchase television for $900. annual interest rate is 2.5%.

Q: 3. Suppose you'd like to save enough money to pay cash for your next car. The goal is to save an…

A: We need to find what amount of monthly payments must we make into an account that earns 5% interest…

Q: Joan purchased a refrigerator for $1000. She made a down payment of $85 and paid $i01 a month for 10…

A: This question is about finding total cost of an instrument

Q: Find the Be pem of the sequence: term 6 16

A: