You Borrowed $250,000 to for a period of 10 years at fixed APR of 6% to buy a house.  How much is your total payments over 10 years for this loan. Use 6 digits after decimal when calculating. But give your final answer with 2 digits after decimal

Q: A lump sum of 4190 dollars is invested in an annuity that pays 9.2 percent interest compounded…

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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: What is the total cost of a house you purchased with $20,000 as a down payment and monthly payments…

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Q: 5 years ago you purchased a home for $215,000. You made a 10% down payment and paid for the rest…

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Q: On September 12, Jody Hansen went to Sunshine Bank to borrow $2,300 at 9% A.P.R.  Jody plans to…

A: Consider the equation

Q: what is the 2%interest rate over 5 years

A: here given    carlos has 3000 to open a bank account p =3000 R =2% N = 5 years  I =PRN100

Q: Carlos takes out a loan for $10,300, at 8% ordinary interest. If the amount of interest is $329.60,…

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Q: You owe $3545 on you credit card. Your minimum payment is 3% of that. The APR is 14.99% Using that…

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Q: You can afford $1,000 per month as a house payment. If you can get a home loan at 5.2% interest for…

A: Given that The monthly payment PMT=$1000Interest rate  r=5.2%=5.2100=0.052Compounded monthly…

Q: The total interest on a discounted loan is $40. If Bob received $480 into his bank account, what is…

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Q: Over the previous period, your company had accounts receivable of $95,800 and credit sales of…

A: Given accounts receivable=$95,800 credit sales= $573,229.51 to find out: average collection period=?…

Q: If you purchase a $600 item and pay for it with monthly installments for 2 years, the monthly…

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Q: Calculate the simple interest rate when P=$3,600, I=$160 and t=4 months. Round to the nearest…

A: The simple interest, I is calculated using the formula: I=Prt, where P is the principal amount, r is…

Q: USE SIMPLE INTEREST TO FIND THE ENDING BALANCE   $1, 300 AT 5 % FOR 6 years

A: Find ending balance

Q: Find the interest for a principal of $8883, rate 9.3% and 5 years.

A: According to the question,  We have: Principal = P = $8883 Rate of Interest = R= 9.3% Time period =…

Q: Johnny found a job at McDonalds with a starting salary of $27,000. He is guaranteed a raise of 4.75%…

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Q: Alyssa puts $4000 into a saving plan for 10 years at 7.8% annual simple interest. Four years into…

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Q: For a three year bond of $2,600 at a simple interest rate of 10% per year, find the semiannual…

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Q: find simple interest on $1250 for 10 months at 12%

A: To find simple interest on $1250 for 10 months at 12%

Q: Carlos Menton purchases a new laptop computer from Knox Computer Solutions for $1499. If the sales…

A: Given: Purchase price = $1499 Sales tax rate = 4.25% r = 8.4% = 0.084 t = 3  n = 12 Formula Used:…

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…

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Q: Richard spends $22.72 every month into mortgage at the end of 30 years he has a balance of…

A: Amount spends by Richard every month = $22.72 Time period of amount spent in months = no. of years *…

Equations and Inequations

Equations and inequalities describe the relationship between two mathematical expressions.

Linear Functions

A linear function can just be a constant, or it can be the constant multiplied with the variable like x or y. If the variables are of the form, x2, x1/2 or y2 it is not linear. The exponent over the variables should always be 1.