You are the loan department supervisor for a bank. This installment loan is being paid off early, and it is your task to calculate the rebate fracti Finance Charge Rebate Amount Number of Payments Financed $4,700 36 Need Help? Read It Monthly Payment $165.33 Payments Made 30 2 Rebate Fraction X $19.8396 x Loan Payoff $ 1,011.82 X

Q: Find the monthly payment (in $) and the total interest (in $) for a mortgage of $42,000 at  5 1/4…

A: To find the total interest

Q: Determine the monthly principal and interest payment for a 15-year mortgage when the amount financed…

A:

Q: Your friend is going to borrow $150,000 using a 30 year mortgage with a 4.25% APR. Which of the…

A: Monthly mortage payment formula for borrowing amount (M), years of mortage (t) and rate of interest…

Q: Determine the monthly payment if you take out a loan for $ 190000 with an annual interest rate of…

A: Given : Loan Amount  = $ 190,000 Interest rate    = 6.25% Time              = 20 years The formula…

Q: Estimate the annual percentage rate for the add on loan using the given number of payments and…

A: Given n=42 and r=5.9% We have to estimate the annual percentage rate for the add on loan by using…

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: Determine the monthly principal and interest payment for a 20-year mortgage when the amount financed…

A: To calculate the monthly principal and interest payment for a mortgage,  using the standard formula…

Q: Find the simple interest paid on a $470 loan at 6.9% annual interest for 3 months

A: Given:The principal amount (P) is $470.The rate of interest (R) is 6.9% per year.The number of terms…

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

A:

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: Tan Company purchased a large server for $20,000. The company paid 35% of the value as a…

A: Solution:

Q: The monthly interest rate on this loan is 0.5%. The amount of the first month’s payment ($1918.56)…

A: Monthly interest rate  = 0.5 % yearly interest rate  = 005*12 =6 %Loan amount = 320,000 $monthly…

Q: please answer asap

A: The objective of this question is to calculate the monthly payment for a loan using the given…

Q: A person owes $1000 on a credit card that charges an interest rate of 2% per month. Complete this…

A: solutionGivenInterest rate=2% per monthowes=1000$

Q: The table on the right shows closing costs for a purchase of a $244,000 house requiring a 20% down…

A: This is question of algebraHere we have to find percentageFurther calculation is given below

Q: Find the amount (in $) of interest on the loan. Principal Rate (%) Time Interest $70,000 7 3 4 9…

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

A:

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

A:

Q: Use the​ add-on method to determine the monthly payment for a ​$9,000loan at 6​% interest for three…

A:

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…