To nay for her tuition fees, Lyra borrows 10,000 Php from a lending company at a simple interest rate at 7% a year. what is the maturity value of her loan at the end of 55 months?

Q: You have agreed to pay off an $8,000 car loan with 24 monthly payments of $400 each. Use the simple…

A: Formula used: To find the interest rate in simple interest:…

Q: Juan purchases an annuity for 4140 dollars that will make 17 annual payments, the first to come in…

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Q: se a truck for his mobile welding service, jerry arranged a 36-month loan of 45,000 at 4.75% annual…

A: Conversion of annual payment interest to monthly interest: Use the formula I divided by "n," or…

Q: Lynn needs to borrow $5500 for cosmetic surgery. She obtains a loan from her grandmother for 48…

A: Given: Lynn borrows a loan for cosmetic surgery of $5500 at simple interest rate 7.3% for 48 months.

Q: Matt bought a boat for $15,000. This is a simple interest loan at 5.5% for 10 years. What is the…

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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: A student loan of R25000 is to be repaid by regular monthly installments over 60 months. If the…

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Q: Jefferson borrowed $5000 at a simple interest rate of 6% per annum. At the end of the term, he owed…

A: Given:Jefferson borrowed $5000 at a simple interest rate of 6% per annum. At the end of the term, he…

Q: Steven wants to buy a new couch priced at $558 and agrees to pay for it over two years with a…

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Q: Morgan loaned $3,100 to Rolf at a simple interest rate of 0.65% per month. What was the  term of the…

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Q: maria borrows $2,000 from her cousin and agrees to pay her back in 6 monthsat a 3% simple interest…

A: Principal amount is $2,000Rate of simple interest is 3% per year, andTime is 6 months, that is 0.5…

Q: Lindsay borrowed a certain amount of money for 4 years at an annual simple interest rate of 5.2%. If…

A: Given:   Lindsay borrowed a certain amount of money for 4 years at an annual simple interest rate of…

Q: You can afford a $200 per month car payment. You've found a 3 year loan at 4% interest. How big of a…

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Q: You can afford a $250 per month car payment. You've found a 5 year loan at 2% interest. How big of a…

A: We have to solve given Questions.

Q: Sally and her family are looking into purchasing a home. The total cost is $260,000. They can afford…

A: Given that The total cost is $ 260,000 . down payment is $25,000The present value PV = The total…

Q: Jenn borrowed $900 from her sister at a simple interest rate of 1.5%. If Jenn will pay back her loan…

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Q: Find the simple interest Jolie owes on a 2-year loan for $8,000 to buy a used car at the rate of 9%…

A: The objective of this question is to calculate the simple interest Jolie owes on a 2-year loan for…

Q: The price of a car is $25,000. You have saved 25% of the price as a down payment. After the down…

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Q: Mr. Smith buys a television that is listed for $1500. He pays $500 down and pays the balance in 12…

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Q: Connor bought a house for $215,000.00, paying 10% down, financing the rest at 7% interest for 25…

A: The objective is to find monthly payment and interest over the life of loan.

Q: You can afford a $250 per month car payment. You've found a 3 year loan at 4% interest. How big of a…

A: The objective of this question is to find out the total loan amount that can be afforded with a…

Q: Craig decides to purchase a property that has been valued at $560,000. He has $90,000 available as a…

A: According to the given information, The total value of property = $560000 Amount of deposit = $90000…