Find the monthly payment & the total interest. Round to the nearest dollar. 9) Suppose that you borrow $20,000 for four years at 7% toward the purchase of a car. 9

Q: Suppose you purchase a refrigerator for $1,275 and make payments of $59.91 per month for 2 years.…

A: We can solve this as follows:

Q: Calculate the simple interest earned. Round to the nearest cent. P = $3000, r = 6.6%, t = 23 days

A: The given data .The objective is to find the simple interest earned.

Q: Determine the monthly principal and interest payment for a 15-year mortgage when the amount financed…

A:

Q: Find the monthly payment for the loan. (Round your answer to the nearest cent.) A $255,000…

A: We find the monthly payment for the loan when $255,000 condominium bought with a 30% down payment…

Q: Find the minimum payment on an unpaid balance of $1,416.02. Assume that the minimum payment on a…

A: Solution: Given, Unpaid balance = $1,416.02 The minimum payment on a credit card is the greater of…

Q: Consider a student loan of $15,000 at a fixed APR of 6% for 15 years. a. Calculate the monthly…

A: 1) a) Amount borrowed = $67,000, Annual Interest rate = 4%, the number of payments per year is 12…

Q: Estimate the annual percentage rate for the add on loan using the given number of payments and…

A: Given n=42 and r=5.9% We have to estimate the annual percentage rate for the add on loan by using…

Q: Calculate the simple interest earned. Round to the nearest cent. P = $7,000, r = 6.1%, t = 6 months

A:

Q: Find the amount (in $) of interest on the loan. Principal Rate (%) $50,000 Alw 5- Time 6 months $…

A: Interest = (Principal * Interest Rate * Time) / 100Given:Principal = $50,000Interest Rate = 23/4% =…

Q: Find the simple interest I of the given loan amount. (Round your answer to the nearest cent.)…

A:

Q: Consider an investment of $1,500 for four years at 3.75% simple interest. a. Find the amount of…

A:

Q: Suppose that you borrow $30,000 for four years at 8% for the purchase of a car. Find the monthly…

A:

Q: Consider a student loan of $20,000 at a fixed APR of 12% for 20 years. a. Calculate the monthly…

A: From the above details we have,

Q: The owner of a hot dog stand receives a loan of $4,750 at 6.25% for 9 months. Find the amount of…

A:

Q: Calculate the simple interest earned. Round to the nearest cent. P = $9070, r = 5.50%, t = 4 months…

A:

Q: Find the monthly payment for the loan. (Round your answer to the nearest cent.) A $503,000 home…

A:

Q: Suppose you take out a 36-month installment loan to finance a delivery van for $26,100. The payments…

A: Consider the provided question, Borrowers who have taken installment loans sometimes wish to prepay…

Q: Find the monthly payment for the loan. (Round your answer to the nearest cent.) $ Finance $854,000…

A: The above answer can be explained as under - Here, the question is asking to calculate the monthly…

Q: Suppose you take out a loan for 180 days in the amount of $12,500 at 16% ordinary interest. After 40…

A: Given, Principal value = $12500 Interest Rate = 16% Time = 180 Days After 40 days, $1000 paid. To…