Moore

Q: Karen takes an 8-year car loan of $50,000 at 2.14%, compounded monthly. If the payments are done at…

A: Monthly Compounding Loan Amount = 50,000 Time Period of loan = 8 years or 96 months Interest rate =…

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: ames has a mortgage of $88,500 at 4% for 15 years. The property taxes are $3,700 per year, and the…

A: The PITI payment includes payments for mortgage, insurance and taxes towards the mortgage.

Q: The Manny takes a 6-year car loan of $45,200 at 4.25%, compounded monthly. If the payments are done…

A: When a loan is taken like a car loan or a home loan then you make periodic monthly payments.   The…

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: Fidelio has purchased a condominium for $39,750, of which 80% is to be financed by a mortgage.…

A: given, price = $39,750 loan = 80% p= $39,750 x 0.8 = 31800 pmt = $395.80 rate = 14.3%

Q: Larry and John purchased a warehouse property for $238,000 that they are going to lease to several…

A: Given information: Cost of warehouse : $238,000 Monthly net income : $2,300

Q: Justin is financing S169,600 for a home at 5.25% interest with a 25-year fixed-rate loan. Find the…

A: Using excel pmt function

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: Angelica Riordan received a four year non-subsidized student loan of $15,000 at an annual interest…

A: Equated monthly payments It is a monthly fixed payment given by the borrower to the lender on the…

Q: Ms. Tweeter is buying a house with a cost of $350,000. She will make a down payment of $20,000 on…

A: There are various ways through which one can obtain finance, one of them is through a mortgage loan.…

Q: Sandy Kupchack just graduated from State University with a bachelor's degree in history. During her…

A: In the given question, the amount is to be paid quarterly. Therefore, the effective rate to be used…

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 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: A rental property is listed for $2,000,000. It contains 4 units each renting for $2,750 per month.…

A: The scenario presented involves evaluating the financial viability of purchasing a rental property.…

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: Falco Inc. financed the purchase of a machine with a loan at 2.82% compounded quarterly. This loan…

A: Quarterly payments = $8,000Period = 5 YearsInterest rate = 2.82% per annumNote : “Since you have…

Q: Anny takes out an installment loan to finance the purchase of a pickup truck costing $14,500. Her…

A: Introduction: Installment: Its a method of payment paying monthly , semi annually , annually etc.

Q: Dick and Jane Buell have purchased a home for $114,500. They will need to obtain a mortgage for 75%…

A: Price of Home =$114500 Amount Mortgage = 75% of Home Price                                = 75% *…

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: 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: (a) What will be the monthly payment? Susan will pay $ each month. (Round to the nearest cent as…

A: Monthly payments refer to the specified amount that a borrower is required to repay on a loan each…

Q: A new home was purchased in Niagara Fall's Butler Heights subdivision for $375,000 by Karen. The…

A: Purchase price of house $ 3,75,000.00Down payment15%Finance Amount $ 3,18,750.00Amortization…

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: Sarah is taking out a loan for $35,000. The current APR is 3.5% and the payments are around $539.65…

A: Nper stands for Number of periods, which is defined as the number of periods required or needed to…

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: Karen takes an 6-year car loan of $45,000 at 2.34%, compounded monthly. If the payments are done at…

A: The amortization schedule provides the borrower with the breakdown of each payment and helps them…

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…

Q: An individual earns $75,000 annually. Monthly rent is $2,200, and 20% of monthly cash income is…

A: Ratio analysis refers to the ratio used for showing the financial performance of the company by…

Q: invests $1600 into an account the beginning of each quarter for 9 years, starting from today.…

A: In this we have to find effective interest rate for the quarter and find future value factor and…

Q: Jeffrey secured a 3-year car lease at 5.60% compounded annually that required her to make payments…

A: Solution Given Rate of interest 5.60% compounded annually Number of period 3 year…

Q: Miller borrows $370,000 to be paid off in four years. The loan payments are semiannual with the…

A: Principal loan amount (P) = $370,000Semiannual interest rate (r) = 0.04 (i.e. 0.08 / 2)Semiannual…

Q: Angelica received a 12 year non-subsidized student loan of $12,000 at an annual interest rate of…

A: Loan: It illustrates the amount given by the lender to the borrower. The borrower makes interest…

Q: The Fly-by-Night finance company advertises a “bargain 6%plan” for financing the purchase of…

A: Effective interest rate is the rate that is paid to a loan or earned on an investment as a result of…

Q: Jennifer is saving up for the closing costs ($4250) and down payment on a home. For a better…

A: Given information: Monthly payment is $900 Amount of mortgage reduced to $175 per month Nominal…

Q: Sandy Kupchack just graduated from State University with a bachelor’s degree in history. During her…

A:

Q: Melissa's monthly loan payments for this loan when she graduates in 1 year?

A: Monthly loan payment is the loan amount paid over the loan period. The monthly loan payment consists…

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.