Blush Inc., sold a kitchen appliance that costs $1,000.00 with 5-year financing to a customer who made a down payment of $510.00. What should be the size of the loan payments at the end of every month if interest of 9.00% compounded monthly is charged?   You plan to save money for a down payment of $39,000 to purchase an apartment. You can only afford to save $6,000 at the end of every 6 months into an account that earns interest at 4.25% compounded monthly. How long will it take you to save the planned amount?

You are trying to save up for a downpayment on a home and you need $55, 000 to cover closing costs and the down payment. You can save $975 per month for the house and put it in your savings account that has a 7.65% interest rate with monthly compounding. How many months of these deposits are necessary before the account hits $55, 000.

You have decided to buy a car that costs $25,800. Since you do not have a big down payment, the lender offers you a loan with an APR of 6.01 percent compounded monthly for 6 years with the first monthly payment due today. What is the amount of your loan payment?

You are purchasing a new car for $27,600.  The dealership offers you three options: 0% financing: 0 down and 0% financing for 48 months. Rebate: 0 down.  If you choose the rebate, you will need to secure a loan for the balance at your local bank. Down payment: Make a down payment of 5% or more and get financing at 1.5% compounded monthly for 48 months: Suppose you make a down payment of 10% of $27,600 and finance the rest at 1.5% compounded monthly for 48 months.  How much interest do you pay over the life of the loan?  $     ________ .  Round to the nearest dollar.   You want to make monthly payments of $431, but you don't want a car loan over your head for more than 48 months,  so you decide to go with the down payment option.  How much of a down payment do you need to make?  $   ________.  Round to the nearest dollar.