o finance $14,516.29 on a 3-year car loan.  The interest rate for the loan is 6.25%.  What is your monthly payment? Group of answer cho

Q: Legitimate Financial Services made a loan at 9.75% interest for 259 days. If the amount of interest…

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Q: down payment     $  mortgage     $

A: Solution:

Q: Determine how much the following individual will save in taxes with the specified tax credits or…

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Q: Calculate the monthly interest for the given credit card transaction $200 balance, 10% interest…

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Q: You take out a 5-year car loan with monthly payments of $400.  The interest rate for the loan is…

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Q: Find the monthly payment for the loan. Used car financing for $600,000 for 25 months at 11.75%.…

A: here we have to find the monthly payment for the loan. PV (present value of car) = $600,000 n(number…

Q: s. C

A: Introduction: The formula for the monthly payment of the loan is given by, M=Pr(1+r)n(1+r)n-1

Q: Proud Papa took out a loan for $15,000 for his daughter’s wedding. He can borrow the money from a…

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Q: suppose you purchase a 29 year old US savings bond with an APR of 2.5%. The face value of the bond…

A: INTRODUCTION The yield on a bond is the discount rate that connects the cash flows of the bond to…

Q: A car is valued at $17,000. You put down $3000. Interest rate is 4.8%, loan period is 48 months. How…

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Q: Sanjeep takes out a $250,000 mortgage. The yearly interest rate on the loan is 5% and the loan is…

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Q: Find the monthly payment for the loan. Round to nearest cent. Finance $852000 for an apartment…

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Q: Quick Service Gas Station has its regularly-priced $160 tune-up on sale for 25% off the regular…

A: Given that, the regular price is $160 and offer on regular price is 25%.

Q: uses a usiness pen a secol nis counseling practice. He willrepay thle loan in 4 years at a fixed…

A: Given query is to the monthly installment.

Q: Suppose that you decide to buy a car for $27,635, including taxes and license fees. You saved $5000…

A: Given query is to find monthly payment.

Q: 3. A restaurant bill is $59 and you pay $72. What percentage gratuity did you pay

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Q: Find the monthly payment for the loan. (Round your answer to the nearest cent.) $ Finance $854,000…

A: The above answer can be explained as under - Here, the question is asking to calculate the monthly…

Q: Manuel purchases a house and gets a 30-year mortgage for $175,000 at 4% APR. In addition to the…

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Q: Buford pays for a $4000.00 vacation with a credit card that has a 20% APR. He decides to make…

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Q: A friend lends you $860, which you agree to repay with 2% simple interest. How much will you have to…

A: Other

Q: You can afford a $200 per month car payment. You've found a 5 year loan at 2% interest. How big of a…

A: How big of a loan can you afford.

Q: You take out a 7-yr car loan for $25,000 with a 7.5% APR. The fixed monthly payment is $383.46. How…

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Q: Carol borrows $25,993 to help pay for expenses. The loan is for 6 years and carries an annual rate…

A: Principal amount    P  = $ 25993 Period   n = 6 years Rate of interest  r = 4.5 / 100 = 0.045…

Q: Divya has a 30-year mortgage for $248,000 with a 3.8% fixed annual interest rate. What is the total…

A: Basic simple interest problem of algebra. Here option (C) is correct the solution is provided below

Q: You want to save $20,000 for a down payment on a home by making regular monthly deposits over five…

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Q: Tony's Towing borrows $17,250, at 7.5% interest, for 320 days. If the bank uses the exact interest…

A: Since , formula to find simple interest is I=Prt where, I is interest amount            P is…