Find the mortgage payment for a 15-year loan of $224,700 at an annual interest rate of 8.15%. (Round your answer to two decimal places.)

Q: Brett borrowed $16,000 at 7.2% interest to buy a car. It is a 8-year loan. Find the monthly…

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Q: Find the mortgage payment for a 15 year loan of 224,900$ at an annual interest rate of 8.05%. Round…

A: Given Pmt=Mortgage payment P=loan amounts=$224900 r=rate per period=0.0805 n=number of payment=15

Q: Find the simple interest I of the given loan amount. (Round your answer to the nearest cent.) $460…

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Q: Calculate the simple interest due on a 66-day loan of $3700 if the interest rate is 4%. (Round your…

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Q: Suppose that you borrow $17,000 for four years at 6 ​%  toward the purchase of a car. Use PMT equals…

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Q: Find the simple interest (in dollars) due on a 31-day loan of $950 if the annual simple interest…

A: The provided information is as follows:The principal amount is .The total number of days is .The…

Q: The simple interest charged on a 9-month loan of $11,000 is $681. Find the simple interest rate.…

A: We are asked to find the interest rate. We are given I = $681, P = $11,000, t = 9 months, and r = ?.…

Q: Suppose that you borrow $13,000 for four years at 6% toward the purchase of a car. Find the monthly…

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Q: Kevin takes out a $350 000 mortgage for 30 years at 2.05% annual interest compounded quarterly. His…

A: The EMI i.e. the monthly payment required to be done by Kevin includes the interest component to be…

Q: Find the monthly payments (just PMT) on a 20-year mortgage for $191,888 if the annual interest rate…

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Q: Carlos Menton purchases a new laptop computer from Knox Computer Solutions for $1499. If the sales…

A: Given: Purchase price = $1499 Sales tax rate = 4.25% r = 8.4% = 0.084 t = 3  n = 12 Formula Used:…

Q: Suppose that you borrow $20,000 for four years at 6% toward the purchase of a car. Find the monthly…

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Q: Find the unpaid balance on the debt. (Round your answer to the nearest cent.) After 7 years of…

A: Amount of Loan = $150,000Annual Interest Rate = 3%Monthly Interest Rate = 0.25%Period of Loan = 25…

Q: Suppose that you borrow $10,000 for four years at 8% toward the purchase of a car. Find the monthly…

A: Given:  you borrow $10,000 for four years at 8% toward the purchase of a car To determine; The…

Q: Find the monthly simple interest payment for a credit card with a balance of $1200 and a yearly…

A: Given that the outstanding balance of the credit card is $1200. The annual interest rate is 27% =…

Q: Find the simple interest on the loan of​ $2500 for 2 years at​ 5%.

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Q: Suppose that you borrow $10,000 for four years at 8% toward the purchase of a car. Find the monthly…

A: Given information Loan amount=$10,000 n=4 years For monthly payment, n=12×4=48 And r=8% ⇒r=8100=0.08…