Brad decided to purchase a $325,000 house. He wants to finance the entire balance. He has received an APR of 3.5% for a 15-year mortgage. Over the course of the loan, how much interest will Brad pay? Round your answer to the nearest hundredth.

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: Mark borrowed $18,742 to help pay for expenses. If the loan carries an annual interest rate of 3.9%…

A: From the given information we find the monthly payment.

Q: Find the total cost of the down payment at 10% the cost of your house.   House is 170,000

A: Given cost of the house is $170,000 down payment is 10%

Q: Mike pawns his watch for $120. After 30 days buys it back for $140 what was the interest did the…

A: Solution :  Given that  Mike pawns his watch for $120. After 30 days buys it back for $140

Q: A store manager obtained a loan of $35,000, at  6 3 8%  interest, for 14 months to purchase…

A:

Q: the

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

A:

Q: Margo borrows $100, agreeing to pay it back with 6% annual interest after 16 months. How much…

A:

Q: Fernando has $6,600 to invest in a saving account. He receives a steady interest rate of 3.00%…

A: Compound interest formula is used

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

A:

Q: Joaquin pawns his favorite watch for a loan of​ $120. After 30​ days, he buys his watch back for​…

A: Given P = $120, A = $140 and T = 30.

Q: Jenny start saving for retirement. She contributes $300 per month with an APR OF 2.99%. She plans to…

A: Given: Jenny contributes $300 per month with an APR OF 2.99%. She plans to do this 35 years before…

Q: ou purchase 480 shares of stock at $37.60 per share. Several months later you sell the shares at…

A: Given problem is : You purchase 480 shares of stock at $37.60 per share. Several months later you…

Q: Ari borrowed $20000 and paid it back over 6 years. The simple interest rate was 15% annually. How…

A: The principal amount, P = $20000 Interest rate, r = 15 % Time, t = 6 years

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

A:

Q: The face value of a 97-day Treasury bill is $30,000. The interest rate is 2.96%. The purchaser buys…

A:

Q: Celine wishes to retire at age 67 with $⁢1,700,000 in her retirement account. When she turns 22, she…

A:

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: Michelle bought a new car for $21,000. She paid a 10% down payment and financed the remaining…

A:

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

A: ANSWER :

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: Ana nec a loan of Pnp120. 000.00 for 15 montns ana paia Pnp360.00 interest. What was the simple…

A:

Q: You purchase 260 shares of stock at $37.20 per share. Several months later you sell the shares at…

A: Given, You purchase 260 shares of stock at $37.20 per share. Several months later you sell 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…

Q: Ernie Rolph deposits ​$7150 at 4​% for 1 year. How much interest will he​ earn? What is the account…

A: Given query is to find the amount after 1 year.

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

A:

Q: Elle borrowed $15,000 for 4 years at an annual simple interest rate of 2.5%. Find the total amount…

A: The objective of this question is to calculate the total amount due on a loan. The total amount due…