Jazelle Momba wants to visit $7,600 including flight costs, on-the-grd compounds interest at 6% semiannually, how mu (Round your answer to the nearest dollar.) Deposit

Q: If you buy a computer directly from the manufacturer for $2234 and agreed to pay it in 48 equal…

A: These days manufacturers and sellers give the option to buyers to pay the cost of their purchase in…

Q: Kimberly Jensen of Storm Lake, Iowa, wants to buy some living room furniture for her new apartment.…

A: The monthly payment on a loan refers to the periodic payment extended by the borrower for loan…

Q: ou have $8,800 to buy a bc he number of months:

A: Answer : Amount = $8800 Principal = $250 rate = 2.4% Month = ?

Q: Shiing Shen Chern's credit card company determines his minimum monthly payment by adding all new…

A: Credit Card: A credit card is a short-term bank loan, on which the borrower has to pay interest,…

Q: Bea Fehr requires a personal loan to purchase appliances that cost S5000. She meets with the loan…

A: Cost of Equipment is  $5,000 Time period of loan is 3 years Interest rate of Institution- A is 934%…

Q: Arnie plans to purchase new tablecloths and napkins for his restaurant. The bulk order has a down…

A: Step 1: Calculate the quarterly interest rate.Divide the annual rate by 4= 7.5% / 4 = 1.875%

Q: Doug Black bought a jet ski with a 8% add-on interest installment loan from his credit union. The…

A: PURCHASE PRICE = $1950 DOWNPAYMENT = 15% AMOUNT FINANCED = 1950 x (1-0.15) AMOUNT FINANCED = $…

Q: Calculate the cost of the

A: Present Value represents the value of a future amount in today's dollars, taking into account…

Q: Leon Tyler's VISA balance is $793.15. He may pay it off in 12 equal end-of-month payments of $75 ea

A: Interest: It implies to the monetary charge that is paid by the borrower as a result of privilege of…

Q: Doug Black bought a jet ski with a 6% add-on interest installment loan from his credit union. The…

A: In the given question, total purchase price of Jet Ski is $ 1,950. However 15% down payment is made.…

Q: Alice Reed deposits $16,500 in Rye Bank, which pays 10% interest compounded semiannually.  What will…

A: In this we have to calculate the future value of the present value.

Q: (a) During the September 20 through October 19 billing period, you pay the minimum required payment…

A: Hi There, thanks for posting the question. But as per Q&A guidelines, we must answer the first…

Q: Shiing Shen​ Chern's credit card company determines his minimum monthly payment by adding all new…

A: Interest rate = 1% Purchase from credit card = $3,600Outstanding balance at month end = $3,600

Q: Use the unpaid balance method to find the finance charge on the credit card account. Last month's…

A: Here,Last Month Balance is $440Payment is $330Interest Rate is 19.20%Method is Unpaid Balance Method

Q: Murphy made a down payment of $2,000 on a car costing $8,000. Murphy will pay the remaining balance…

A: A down payment is an initial payment made by a borrower towards the purchase of a property or asset…

Q: If Rita receives $36.44 interest for a deposit earning 6% simple interest for 10 days, what is the…

A: Interest received = $36.44 Interest rate = 0.06 or 6% Number of days = 10 Amount deposit = ?   In…

Q: You're prepared to make monthly payments of $310, beginning at the end of this month, into an…

A: The objective of this question is to find out the number of payments required to reach a certain…

Q: One of your customers has just made a purchase in the amount of $26,400. You have agreed to payments…

A: A loan is a debt amount borrowed by one person from another person at a predetermined financial…

Q: ing a new refrigerator for $1899 at Sears. There is 7.25% sales tax added to her purchase. She plans…

A: Given, Cost of refrigerator = $1,899 Sales tax = 7.25% Annual percentage rate (APR) = 18.9% Monthly…

Q: In order to purchase a home, a family borrows $30,000 at 2.25% for 3 yr. What is their monthly…

A: For the purchase of large ticket items like a house or a car etc. we usually take loans. The loan…

Q: Doug Black bought a jet ski with a 7% add-on interest installment loan from his credit union. The…

A: Add on interest is a way of determining the monthly payments where in first the total interest on…

Q: If Rita receives $36.44 interest for a deposit earning 6% simple interest for 10 days, what is the…

A: To calculate the deposit amount we will use the below formula   Deposit amount = I/(r*d/365) Where I…

Q: Kaye deposited $5,000 into a savings account today. For how long can $440 be withdrawn from the…

A: Monthly payment refers to an amount that is paid at every period for the repayment of a loan amount…

Q: You borrow $64,000 in the form of an unsubsidized loan at 3.98% APR. How much money do you owe when…

A: Given: Loan amount = $64,000 APR = 3.98% Period 6 months

Q: You want to receive $525 at the end of each month for 2 years. Interest is 7.8% compounded monthly.…

A:

Q: Tuition of $2075 will be due when the spring term begins in 6 months. What amount should a student…

A: Time value of money is one of the important concept of finance which says that a dollar amount…

Q: You can buy a car for $6,998 with $798 down and payments of $164.51 each month for 48 months.…

A: Using excel rate funtion

Q: Compute her monthly payment. $413 $283 $460

A: An annuity is used in case of a future annuity – suppose an equal sum of money is invested in the…

Q: Interest component of monthly payment: Solomon's student loan balance is now $26,764, with a 7.9%…

A: Interest Compounded Monthly rate means that interest rate which is charge on monthly basis on loan…

Q: 17. Hoshi needs $4000 for university tuition when she graduates in 2 years. She plans to make…

A: Amount requried (A) = $4000Bi-weekly interest rate (r) = 0.065/26Bi-weekly period (n) = 52 (i.e. 26…

Q: Blake Miller recently received his monthly MasterCard bill for the period June 1-30, 2021, and wants…

A: The average daily balance (ADB) is determined by summing up all the balances at the end of each day…