Jamie needs a new roof on her house. The cash cost is $3800. She decides to finance the project by paying 8.0% down, with the balance paid in 48 monthly payments of $87. a) What finance charge will Jamie pay? b) What is the APR to the nearest half percent?

Q: Bill Fleischer works in a warehouse driving a front loader. He has group health insurance which…

A: let   the  full  amount of premium  in a year   is     $ x

Q: Audrey has rented an apartment for $750 per month. She already has purchased a new car and is making…

A: Given that  Audrey has rented an apartment for $750 per month. She already has purchased a new car…

Q: Lynette bought a new car for $34,000. She paid a 10% down payment and financed the remaining balance…

A:

Q: Margo borrows $700, agreeing to pay it back with 3% annual interest after 17 months. How much…

A: Given that The principal amount P=700 Interest rate R=3%=3100Time T=17 months =1712 years .

Q: Find the principal if the interest is ₱3500, the rate is 4.5% and the time is 1.75 years.

A:

Q: Amir works as a print shop manager. He receivers a yearly salat of $43250.00. After his first year,…

A: Given that Amir received a yearly salary of $43250.00After first year he received 2.5% bonusWe have…

Q: maria borrows $2,000 from her cousin and agrees to pay her back in 6 monthsat a 3% simple interest…

A: Principal amount is $2,000Rate of simple interest is 3% per year, andTime is 6 months, that is 0.5…

Q: Margo borrows $800, agreeing to pay it back with 3% annual interest after 9 months. How much…

A: Simple interest formula: The simple interest formula is given by, I=P×r×t, where P is principal, r…

Q: Tamara has the option of borrowing $990 for two weeks at an APR of 300% or borrowing the $990 for…

A: 1) if she borrow at an APR of 300%    Interest=990×300100=2970 for a yearfor 2 weeks…

Q: Mr. Nelson had to borrow $1500 to purchase a new water heater after the snowpacalypse. The loan had…

A: Question is related to interest.

Q: a car costs $12500 and youre offered a loan that requires $800 down and a monthly payment of 228.29…

A: Monthly payments of 228.29 for 66 months contribute to 228.29*66 = 15067.14   And 800 down payment.…

Q: Michelle purchased a 91-day T-bill with interest rate of 3.50% p.a. and a face value of $10,000. a.…

A:

Q: Ari borrowed $20000 and paid it back over 6 years. The simple interest rate was 15% annually. How…

A: The principal amount, P = $20000 Interest rate, r = 15 % Time, t = 6 years

Q: Jean borrowed $14,919.00 from her parents to finance a vacation. If interest was charged on the loan…

A:

Q: Bella Sandino needed funds to cover her credit card bill which was due. She took out a $100 loan at…

A:

Q: A family purchased a washer for $496. If they paid 25% down and agreed to pay the remainder in…

A:

Q: Teagan wants to buy a new jacuzzi. The jacuzzi costs $2100. Teagan decides to finance the jacuzzi…

A:

Q: After making 360 monthly payments, how much if what you paid the bank was interest? $           .…

A: Total amount paid =360*978.03 Total amount paid=352090.8

Q: A salesperson receives a 12.6% commission on her sales. If her total sales for the month are $7600,…

A: We are given that :  Total sales of the month is $7600 Commission receive 12.6% And we are asking to…