Find the future value of the loan of $700 at 4.25% for 7 months O $71893 O $717.35 OS0825

Q: find the monthly mortgage loan payment for a $187,000 loan at 4.0% for 20 years.

A: The objective of this question is to calculate the monthly mortgage payment for a loan of $187,000…

Q: Calculate the monthly mortgage payment. $220,000 is financed for 20 years at 5% APR

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Q: Consider a student loan of $12,500 at a fixed APR of 6% for 25 years. a. Calculate the monthly…

A: (a) Obtain the monthly payment as follows.

Q: Your company borrowed $180,000, agreeing to pay the balance in 18 equal monthly installments at 8%…

A: The formula to find is, Remaining balance =  (Original balance*(1+r)^n)-EMI*((((1+r)^n)-1)/r)

Q: Find the APR (rounded to the nearest percent) for the loan listed. Purchase of a refrigerator for…

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Q: What would be the monthly payment on an add-on loan from a credit union at 6% over 36 months for the…

A: I solved with detailed analysis

Q: find the future value of the following loan. Assume simple interest  $4000 for 8 months; money…

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Q: Find the present value of an ordinary annuity which has payments of $1500 per year for 16 years at…

A:

Q: Diana secured a 6-year car lease at 5.60% compounded annually that required her to make payments of…

A: Rate of interest 5.60 % p. a.Monthly payment, PMT $881.65Downpaymsnt $1500

Q: Mr. Perez acquired a farm worth P680,000. He made a P30,000 down payment and the remaining balance…

A: Since you have posted a multi subparts question according to guildlines I will solve first three…

Q: Find the future value of a simple interest loan of $30,000 at 7.2% interest for 11 months

A:

Q: Find the simple interest paid on a $470 loan at 6.9% annual interest for 3 months

A: Given:The principal amount (P) is $470.The rate of interest (R) is 6.9% per year.The number of terms…

Q: Find the future value of Php 2,000 after one year at 3% interest rate compound a. quarterly b.…

A: We can find the answers as below.

Q: Find the monthly payment on a 30-year fixed mortgage loan of $108,525 if the interest rate is 6 3/4%

A: Formula used to calculate the monthly payment of mortgage loan is given below: M=PR1-1+R-N Where…

Q: For a loan of $24,000 at a fixed APR of 8% for 15 years, find the monthly payment.

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Q: Find the monthly payment for a loan of $350,000 for a term of 30 years at an interest rate of 5%

A: We have to find the monthly payment

Q: Find the monthly payment to amortize a $96,000 mortgage at 5.0% annual interest for 15 years.

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Q: Mustafa purchases an annuity due paying 6% quarterly. If his payment is $5901, how much will its…

A:

Q: Tom and Linda have been approved for an $185,000, 15-year mortgage with an APR of 5.35%. What will…

A: Since the given term is APR then we have to compute simple interest. The formula for simple interest…

Q: Find the future value of the loan $800.00 loan at 8% for 3 months

A: Given: Principal amount = $800.00 Rate of interest = 8% Time period = 3 months Objective of this…

Q: Compute the monthly payments for an add on interest loan of $2900 with an annual interest rate of 8%…

A: given that P  = $2900 R = 8% T = 4 years formula used for compound interest is…

Q: Determine the interest to be paid from a loan of $6560 borrowed at 5.1% compounded quarterly for 4…

A:

Q: Determine if the given vector x is in the range of the matrix A. 24 2 01-2 -37 3 932 8 -B₁ 3 X= م نه…

A: The given vector and matrix are .The aim is to determine the vector  is in the range of .

Q: Find the present value of the ordinary annuity. Payments of $550 made annually for 13 years at 6%…

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Q: Use the​ add-on method to determine the monthly payment for a ​$9,000loan at 6​% interest for three…

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Q: Find the present value of the ordinary annuity. $170/month for 15 years at 4%/year compounded…

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Q: Mr.  Allen purchased an annuity that pays 19% compouned annually. If the yearly payment is $3,500,…

A: With the help of compound interest formula we can solve this problem easily- The formula for…