If you buy a computer directly from the manufacturer for $3,324 and agree to repay it in 60 equal installments at 2.07% interest per month on the unpaid​ balance, how much are your monthly​ payments? How much total interest will be paid? Your monthly payment is: $_____ The toal interest paid is: $_____

Q: $350,000 is borrowed to purchase a house and land package, to be repaid with equal monthly…

A: Solution

Q: Your friend is going to borrow $150,000 using a 30 year mortgage with a 4.25% APR. Which of the…

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A:

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

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Q: Ahmed borrowed OMR 850 at 8% interest from Bank Muscat for a period of 4 years. The interest he will…

A: Explained below

Q: Omar wants to take out a loan to buy a car for $16,000. The interest rate is 2.55% per year and the…

A:

Q: Wayne Pinski wishes to buy a stove and a refrigerator from an appliance dealer. The cost of the two…

A: Consider that the combined price of the two items is, $2800 down payment is  $700 Therefore, the…

Q: Determine the amount of interest paid on a $35000 investment that pays 10% per year, simple interest…

A:

Q: You are the loan department supervisor for a bank. This installment loan is being paid off early,…

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Q: Use the formula or a calculator application to find the monthly payment on a home mortgage of…

A: From the given data loan amount (P.V.) = ​$295,298rate of interest  = 4.908 % = Monthly interest…

Q: A man gets an invoice for ​$460 with terms 4​/10, ​1/15, ​n/29. How much would he pay 26 days after…

A: solution-:Invoice amount: $460Term 4/10= 4% discount if paid early within the first 10 days of the…

Q: The monthly interest rate on this loan is 0.5%. The amount of the first month’s payment ($1918.56)…

A: Monthly interest rate  = 0.5 % yearly interest rate  = 005*12 =6 %Loan amount = 320,000 $monthly…

Q: Wayne Pinski wishes to buy a stove and a refrigerator from an appliance dealer. The cost of the two…

A: Total cost of stove and refrigerator is $2800 down payment is $600. So remaining cost to be paid is…

Q: Find the amount necessary to fund then given withdrawls. Semiannual withdrawls of $900 for 9…

A:

Q: Compute the monthly payments for each add-on interest loan. The amount of the loan is $1300. The…

A: Addon interest also known as simple interest formula is given by the equation; A=P1+rt100 Where A is…

Q: withdrawing $10 every week from an outstanding balance $400

A: Consider the statement  withdrawing $10 every week from an outstanding balance $400

Q: For a home mortgage of $150,000 at 6% interest for 30 years, find the followin a. Monthly payment.…

A: Given principal (p)= $150,000 Rate of interest (r)= 6%  Time in years (t)= 30 30 years = 30 × 12=…

Q: Toby takes a one year loan from the bank for $50,000. The bank charges a nominal interest rate of…

A: Given,

Q: balance

A: Given Maryam borrowed OMR 4200 from Bank Muscat. If she had paid 3/7 of the loan. To find the…

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Q: $20,000 in a fund paying 2% per year, with monthly payments for 5 years PMT =

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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: How much interest (to the nearest dollar) would be saved on the following loan if the condominium…

A: To calculate the interest saved by financing the condominium for 15 years instead of 30 years, we…

Q: Suppose you obtain a 20-year mortgage loan of $192,000 at an annual interest rate of 7.9%. The…

A: