Suppose you want to buy a $140,000 home. You found a bank that offers a 30-year loan at 5.1% APR. What will be your monthly payment? (Round to the nearest cent.) $ How much would you end up paying the bank for the home after 30 years? (Round to the nearest cent.) $ Suppose you wanted to reduce the time of your loan to 25 years. What would be your new monthly payment? (Round to the nearest cent.)

Q: Brad decides to purchase a $205,000 house. He wants to finance the entire balance. He has received…

A: The objective of this question is to calculate the total cost that Brad will incur if he takes all…

Q: In a 7 years, you want to have $3,120 worth of remodeling done to your house bathroom. How much…

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Q: Tristan and Bella borrowed $1,700 to buy a dog at 7.5% interest on March 10. They plan to repay the…

A: To calculate the repayment amount for a loan with 7.5% interest over a specific period, you can use…

Q: You want to save money to finance your young son's college education. Explain the financial…

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Q: Brett borrowed $16,000 at 7.2% interest to buy a car. It is a 8-year loan. Find the monthly…

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Q: The Habers purchase a $6500 living room set and take out a two-year loan for the entire amount at…

A: given  principal P=$6500 interest rate i=26% i=2612 =2.1666% =0.021667 time t=2 years number of…

Q: You deposit $2000 in an account earning 2% interest compounded monthly. How much will you have in…

A: given, principal (P)=$2000           interest  rate (R)=2%= 2/100 =0.02     (for compounded monthly…

Q: Jacob has $4,800 to invest in a saving account. He receives a steady interest rate of 3.35%…

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Q: You purchase a sofa costing $1,080 by taking out a 8% add-on interest installment loan. The loan…

A: You purchase a sofa costing $1,080 by taking out a 8% add-on interest installment loan. The loan…

Q: Wayne Pinski wishes to buy a stove and a refrigerator from an appliance dealer. The cost of the two…

A: Consider that the combined price of the two items is, $2800 down payment is  $700 Therefore, the…

Q: Suppose that you decide to buy a car for $30,635, including taxes and license fees. You saved $8000…

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Q: Hector's second option for purchasing his $24,000 car is a loan with 4.5% interest over four years.…

A: Hector purchasing his car is a loan with  interest over four years.The aim is to find out how much…

Q: Suppose that you decide to borrow $17,000 for a new car. You can select one of the following loans,…

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Q: You buy a car for$12000 on simple interest at 6% for 5 years. You will be financing the car plus…

A: You buy a car for$12000 on simple interest at 6% for 5 years. You will be financing the car plus…

Q: You borrow $950 from a payday loan office for 15 months. They charge you simple interest at a rate…

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Q: Suppose you want to save in order to purchase a new boat. Take the APR to be 9.2%. You want to have…

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Q: Wayne Pinski wishes to buy a stove and a refrigerator from an appliance dealer. The cost of the two…

A: Total cost of stove and refrigerator is $2800 down payment is $600. So remaining cost to be paid is…

Q: Michelle purchased a 91-day T-bill with interest rate of 3.50% p.a. and a face value of $10,000. a.…

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Q: Suppose that you decide to buy a car for $25,767, including taxes and license fees. You saved $8000…

A: a)The cost of buying a car is $25,767 of which $8000 is saved as the down-payment.Therefore, the…

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

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Q: ristan bought a $225,000.00 house, paying 10% down, and financing the rest at 3% interest for 15…

A: Given that  Tristan bought a $225,000.00 house, paying 10% down, and financing the rest at 3%…

Q: You can buy a car for $25,200 or lease the same car for three years for a down payment of $1,500 and…

A: From the given information, it is observed that the basic price of the car is $25,200. If the car is…