Which option, if any, would allow you to repay a loan in less time? decrease the regular payment increase the regular payment and decrease the interest rate decrease the regular payment and increase the interest rate none of the above 40

Q: Suppose you purchase a refrigerator for $1,275 and make payments of $59.91 per month for 2 years.…

A: We can solve this as follows:

Q: of the T-bill, the interest earned, and the simple interest rate paid on the bill. Price of the…

A:

Q: Calculate the amount of interest you'll have at the end of the indicated period. You invest $7000 in…

A:

Q: Find the simple interest I of the given loan amount. (Round your answer to the nearest cent.) $460…

A:

Q: jayden has a balance of $2704.27 on a credit card with an annual percentage rate of 16.3% the…

A: To calculate the amount of the minimum payment that goes toward reducing the principal on Jayden's…

Q: Darren is purchasing a car that costs $12,000. He is taking out a simple interest loan at an annual…

A: I am going to solve the problem by using some simple algebra to get the required result of the given…

Q: You want to buy a $29,000 car. The company is offering a 4% interest rate for 36 months (3 years).…

A:

Q: Find the amount (in $) of interest on the loan. Principal Rate (%) $50,000 Alw 5- Time 6 months $…

A: Interest = (Principal * Interest Rate * Time) / 100Given:Principal = $50,000Interest Rate = 23/4% =…

Q: Imagine that you would like to purchase a $275,000 home. Using 20% as a down payment (or $55,000),…

A:

Q: Find the simple interest. Principal   Rate   Time $4000   9%   1 year

A: Introduction :-  Here we want to calculate simple interest for the given situation.  Given :-…

Q: Explain the difference between an ordinary annuity and an annuity due. (Multiple Choice) A. Ordinary…

A:

Q: You make a payment of $300 at the beginning of each month into an account that 3.6%annual interest.…

A:

Q: Use this table to estimate the monthly payment for the loan described. (Round your answer to the…

A:

Q: Find the new balance, assuming that the bank charges 12% per month on the unpaid balance. Previous…

A: Given: Previous Balance=$300 Payment=$20 New Purchases=$80 Charge incurred by the bank on the unpaid…

Q: You want to buy a $26,000 car. The company is offering a 3% interest rate for 60 months (5 years).…

A: Let E is the monthly payment. P is the principal amount=$26,000 r is the monthly rate of…

Q: luis mahia purchases a porsche boxster for $45,600 and finances the entire amount at an annual…

A: Given Luis mahia purchases a porsche Boxster for  $45600 and finance the entire amount at an annual…

Q: Your credit union offers to finance a $6000 conventional loan at 4% to be repaid in four years of…

A: Here we have,  The loan amount = $6000 rate r=4%12=412×100=0.0033 Time t = 4 years  Number of the…

Q: Find the APR of the loan given the amount of the​ loan, the number and type of​ payments, and the​…

A: Image is attached with detailed solution.

Q: Worksheet 3 5. Find the total monthly payment for a $225,000 mortgage loan at 4.25% for 30 years.…

A: To compute monthly payment for the loan we have to use the formula,  Monthly installment =…

Q: Use PMT = . Round to the nearest dollar. Suppose that you borrow $10,000 for four years at 7%…

A: To Find: The monthly payments and the total interest for the loan.

Q: with 1% simple interest cover 2 years itoon Z 65 or Travel to Minneannlis for the 2018 suner Bow The…

A:

Q: Find the monthly payment of the loan. Purchase Price      Down Payment      Finance Charge   #of…

A:

Q: new furniture set costs $ 2400. If you make a down payment of $ 700 and finance the rest at a rate…

A:

Q: The local rent to own store offers you the following plan to purchase a living room set. The set…

A: