Moore

Q: Anny takes out an installment loan to finance the purchase of a pickup truck costing $14,100. Her…

A: Deferred payment price refers to a pricing model where the buyer is allowed to pay for a product or…

Q: Bryan received a loan of $42,000 from the bank at 3.25% compounded monthly. If she had to repay $350…

A: Given that: Interest rate r = 3.25% per year = 0.2708% per month Period n =3 year= 36 months…

Q: The Adeeva's gross monthly income is $3600. They have 18 remaining payments of $370 on a new car.…

A: Mortgage is the contract between the two parties one willing to borrow money and another willing to…

Q: arles secured a 5-year car lease at 6.50% compounded annually that required her to make payments of…

A: Cars are purchased by the monthly payments and this makes easy for the customers to buy the car and…

Q: Crysta just borrowed $59,000.00. She plans to repay this loan by making a special payment of…

A: Annual payment refers to an amount that is paid annually for the repayment of a loan amount by the…

Q: The Adeeva's gross monthly income is $4200. They have 18 remaining payments of $370 on a new car.…

A: A mortgage, often known as a mortgage loan, is a contract between you (the borrower) and a mortgage…

Q: Art Neuner, an investor in real estate, bought an office condominium. The market value of the condo…

A: The monthly rents that the builder should charge from the tenants includes all the monthly expenses…

Q: Abigail received a loan of $41,000 from the bank at 5.75% compounded monthly. If she had to repay…

A: Using Excel

Q: A student takes out a loan of $1,500 at the beginning of each semester (semi-annually) for 11…

A: A loan is a financial agreement in which a lender gives a borrower a certain sum of money; the…

Q: A couple wants to purchase a $260,000 house, and they have the required 20% down payment and money…

A: Given information: Cost of house : $260,000 Down Payment : 20% 30 year Mortgage rate : 4.625% Annual…

Q: Jamil is purchasing a new truck and financing $28,000. Jamil will make 60 monthly payments of $541…

A: The additional amount that is paid by the borrower on the borrowed amount is term as the finance…

Q: Smith borrows 21,500 to purchase a new car. The car dealer finances the purchase with a loan that…

A: Loan amount = $21,500Number of loan terms = 4 yearsInterest rate for the 1st year = 0%Annual…

Q: Lacy has a $40,000.00 student loan when she graduates on May 4, and the prime rate is set at 4.75%.…

A: Amortization refers to the systematic and regular repayment of loan. Each payment includes interest…

Q: An Architect graduate and decides to buy a Ford Raptor. He has been advised that his monthly…

A: Monthly income = $2000 Total monthly expense allowed = 35% of $2000 = $700 Maximum monthly car…

Q: Jody has bought a $24, 600 car for 10% down and the rest financed for five years at 3% interest. The…

A: Loan amortization is the process of paying off a debt over time through regular payments that…

Q: her own business. She intends to pay back the loan with a series of $2,000 payments at the beginning…

A: A loan is a sort of debt that is taken on by an individual or another institution. The lender, which…

Q: Anny takes out an installment loan to finance the purchase of a pickup truck costing $14,700. Her…

A: The deferred payment price is the total amount that a borrower will have to pay for a loan,…

Q: Erica has just purchased a new personality from I Spy a New You, LLC for $1250. She put exactly 25%…

A: Using excel PMT function

Q: Calculate the total deferred payment price.

A: Total Deferred Payment Price: It refers to the total amount paid on the loan borrowed by the…

Q: A Hepplewhite sofa costs $3,200 in cash. Jaquanna Wilson will purchase the sofa in 24 monthly…

A: EMI or monthly mortgage payments are the fixed amount paid by the borrower to the lender that…

Q: The Johnson family is buying a new 3,500-square-foot house in Muncie, Indiana, and will borrow…

A: The objective of this question is to calculate the monthly loan payments for the Johnson family who…

Q: Alice makes $40,800 per year before taxes, which equal $9995 total for state income tax and all…

A: 1 month = 4 weeks1 year   = 4 *12 = 48 weeksTotal Income per year  = $40,800Income per week   =…

Q: ou're a graduate and the company that hires you offers a job that includes a paid apartment in…

A: The question is based on the concept of financial management.

Q: The Clarke family is buying a home and will select a mortgage with a 25-year amortization period, at…

A: Gross monthly income = $8,400 Property taxes =$500 per month Heating costs = $375 per month GDS =…

Q: A Hepplewhite sofa costs $3,000 in cash. Jaquanna Wilson will purchase the sofa in 36 monthly…

A: Given,   Cash price of computer = $ 3,000 Rate per 18 months = 0.12/12 * 18 = 36%

Q: Based on their budget, Bryce and Sylvia have determined they can afford up to $2,500 per month for…

A: Private mortgage insurance (PMI) is the insurance payable on the balance of the loan per year. At…

Q: Kayla Thompson is married and currently rents an apartment for $650 per month and paying $375…

A: To determine whether Kayla should rent or buy the townhouse, we need to calculate the total cost of…

Q: Mr Teo wants to buy a house. His annual income is $48,000. The bank is willing to lend an amount…

A: As your question contains multiple subparts, we would be answering first three only. To get the…

Q: Bob wants to make a profit by renting out his basement unit. He believes he can rent for net of $800…

A: The time value of money is a concept that evaluates the worth of money on present terms by…

Q: Why are common sized financial statements useful? How do they differ from traditional financial…

A: The question is based on the concept of financial statement analysis , common sized or vertical…

Q: Jose and Rosa are looking for a condo. Their combined gross annual income is $61,000. The best…

A: Gross Income = $61,000 Interest rate = 3.12% compounded semi-annual Time Period = 20 Years Annual…

Q: Johnny and Lucy have purchased a home for $365,000. They will need to obtain a mortgage for 85% of…

A: Loan amortization table shows the bifurcation of each monthly payment in the interest payment and…

Types of Insurance Contract

Insurance is a contract wherein an individual or entity gets financial protection from the insurance company for any damages or losses incurred. The individual or entity is called the insured, whereas the insurance company is called the insurer. The insured and the insurer enter a legal contract for a fixed term called the insurance term, and the contract is called an insurance policy.