Rebecca bought a 91-day T-bill that has a simple interest rate of 1.15% p.a. and a face value of $10,000. a. How much did Rebecca pay for the T-bill? O $9,886.31 O $9,971.41 $9 197.87

Q: Delilah is paying $0.40 per $100 on her $210,000 home in homeowners' insurance annually. If her…

A: A mortgage is a type of loan that is taken for the purchase of a home or any other real estate…

Q: evin bought a washer and dryer for $1050 but only had a down payment of $150.00. He financed the…

A: In add on method we simply add interest for given period and add to that with principal amount.

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: 5. Zakir buys $3,000, 13-week T-bills at 4.3% interest rate. How much did Zakir spend on these…

A: T-bills refers to a debt securities or government bonds issued by the central bank on behalf of the…

Q: Jack Fitzgerald wishes to purchase a used car that has a cash price of $11,000. The installment…

A: Finance charges refers to the cost of borrowings.It mainly includes Interest, latefees and account…

Q: 6. Nita is preparing to go on a trip and determined she needs to bring $ 7,600. How much must she…

A: Amount to bring7600Simple Discount note6.50%Tenure, days90

Q: Gerardo Norega bought a dinette set for $900, which he paid in 12 monthly payments of $81.90. (a)…

A: Formula used:

Q: Sean buys a refrigerator for $899. The dealer gave him a 2-year add-on interest loan at 7.8%…

A: A method of the loan in which the amount of installment is evaluated by combining the principal and…

Q: Casey deposits $465 into a savings account earning s 3.05% simple interest. How much interest will…

A: The question is based on the concept of Simple interest

Q: ppose that Mark borrowed $27,750 on his car loan, and it is to be repaid in eight equal payments at…

A: Loans are paid by the equal annual payments and these annual payments carry the payment for interest…

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: Jill Diamond bought a home for $190,000 with a down payment of $65,000. The rate of interest was 7%…

A: Homes and other real properties are purchased by the business entities with the help of taking the…

Q: Tom borrowed money from a credit union for 6 years and was charged simple interest at an annual rate…

A: The loan is the sum of money borrowed by the borrower from the lender, where the borrower agrees to…

Q: Assume that Louisa carried an average balance of $1,000 from her credit card purchases over the past…

A: Interest charges are the amount of cost and charges paid for the amount borrowed either for personal…

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: Ms. Lanz takes out a $9,000 loan to buy a used car for her daughter. She gets a 4-year loan at 8.75%…

A: We can calculate the total repayment of the loan by adding the interest amount and principal amount…

Q: Dallas Pierce wants to know what rate she is paying on her simple discount note. The maturity value…

A: Understanding the rate on a simple discount note involves calculating the interest paid over a…

Q: Alex would like to purchase a new car for $15,000. How much will his monthly payments be if he took…

A: Given The cost of new car is $15,000 Term of loan is 3 years Interest rate is 7%

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: get answer

A: Step 1: Introduction to the Principal Amount:The principal amount is the main balance of the loan…

Q: Ursula wants to buy a $21,000 used car. She has savings of​ $2,000 plus an​ $800 trade-in. She wants…

A: The monthly payment is the payment that includes the principal amount as well as interest amount and…

Q: 5000. She can borrow from a finance company at 6.90% add-on interest for 4 years. Or she can borrow…

A: In the add on method of interest all interest for the period of the loan is added at one time and…

Q: ett figure out the time on her simple discount note: $3,750 at 5% paying $100 in interest. (Use 360…

A: Answer : Face value = $3,750 Rate = 5% Interest = $100

Q: everly Frost bought a home for $190,000 with a down payment of $19,000 at 7% for 25 years. Since…

A: Monthly payment = [P x R x (1+R)N]/[(1+R)N-1],   Here,  P = loan amount or principal = 190000 -…

Q: Mark deposits $900 at the end of each month in a savings account earning 4.5% quarterly. How soon…

A: Future value refers to the future value of the cash flows that are compounded over a given period of…

Q: Sean purchased an interest-bearing promissory note for $11,000.00 at 5.00% p.a., due in 90 days. If…

A: The promissory note refers to a debt instrument that is issued by a person who writes a note by…

Q: Kaitlyn purchased a 91-day T-Bill that has a face value of $1460 anc an interest rate of 4.12% p.a.…

A: The selling price refers to an amount that is used for selling goods or rendering services by the…

Q: Sarah borrows some money to buy a new car. The car dealership allows her to defer payments for 12…

A: Monthly payment refers to an amount that is paid every month including interest and principal amount…

Q: Sally purchased a home in Georgia for $167,500. She took out a mortgage for 80% of the purchase…

A: Prepaid Interest Expenses is that Expenses which is paid in advance before the Expenses due it will…

Q: Sally purchased a home in Georgia for $167,500. She took out a mortgage for 80% of the purchase…

A: Prepaid Expenses are those expenses that are paid in advance and which is recorded in the balance…