how much interest you will owe on your purchase.

fi CMP: Quiz 4.2.2 1) A first year college student borrows money (a loan) to help pay for the tuition. The student can borrow $8,000 at an APR of 4% compounded monthly and will not have to make any payments until graduation is complete. However the interest will start to Accrve When the loan is taken out. NAME A) Assuming graduation takes 4 years, what will the balance of the loan be when the student starts to pay monthly? Bal(n) = (Bal) (1 + √2)^ $300 per B) If the student only pays how the LOAN will the student have to pay balance reaches, long (assume the loAN will be paid when the balance reaches) $100. 12t OWED = (Bal) (1 + √₂2) 1¹²+ - (Payment) ( ( 1 + ²/12) ¹2 = 1 ) 7/12 month, 2

QUESTION 1 Marina had an accident with her car and the repair bill came to $900.  She didn't have any emergency fund money and no extra money in her monthly budget, so she ended up borrowing from a pay-day loan company.  As long as she can pay the loan back at the end of the 30 day period she won't be charged any interest, technically.  However, she did have to pay an $19 processing fee per $100 that she borrowed.  If she were to consider the processing fee to represent interest paid in her formula, what would she discover to be the annual interest rate she was charged on her short term loan? QUESTION 2 The end of the month has arrived and Marina was only able to save up a portion of the money she owed so far.  This means she will have to delay paying off on the remaining amount.  Besides the delayed payment fee that she is charged, she will now have to pay interest on the remaining amount until it is paid off.  The APR (annual percentage rate) is 46.5%, but the interest is…

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Your Question :Your Question :Your Question :Your Question :help  please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working!!!!

help  please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working

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4 Math Applications MyOpenMath You can afford a $200 per month car payment. You've found a 5 year loan at 7% interest. How big of a loan can you afford? Submit Question Search 1 04

Question 1: Know your numbers! You are a student at the University of North Anywhere. There are three components to your education costs each year. There are tuition fees, living in the university Hall of Residence (with free meals), and books (or other required course materials) bought directly from the publishers. Each student's spending on these items in the base year was as follows. Books = $100 Residence = $4,100 Tuition = $5,400 Only the students who were at the university in the base year know the actual dollars spent on each item. You are at the university 10 years later and so do NOT know those amounts. You know ONLY the current year's index of each cost, which are Books = 130 Residence = 120 Tuition = 170 Now the university proposes to raise tuition fees to cover cost increases. The Chair of the Student Council argues: "Look at what's happened to the cost of our education already!! The index of the total costs of books, residence, and tuition is now (130+120+170)/3 = 140.…

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