You want to buy a computer for $2,000.  The interest rate is on the loan is 12%, and you have 18 months to pay the loan off.  What is the total price of the computer (including the interest)?   Hint: the "total cost" will be Principal plus Interest.         $2,324     $2,195     $195     $121     $1,943

Q: Can you solve using excel formulas please. If you have 7% APR loan for 25, 000, your monthly…

A: Time, value of money refers to a concept used for evaluating the present value of an asset that will…

Q: With that money, you are going to buy a new 3D printer. You estimate that you will print 10,000…

A: Requirement = 10,000 watches per year Time Period of machines (N) = 8 years   Annual Cost = (Number…

Q: You want to bought a car for $8,000. You have monthly wage is $1,800 of which $600 will be saved for…

A: The term "annuity" refers to a contract created and offered by financial institutions with the goal…

Q: What is your monthly loan payment? What is your expected balance after five years (60 months)?

A: Purchase Price64900Down Payments10000Loan Amount54900No.of Payments84Monthly Rate0.0033Monthly…

Q: You are thinking about purchasing an investment from Get-Rich-Quick Investmemnt company. If you buy…

A: Present value of annuity (PVA) formula: PVA=A×1-11+rmn×mrm A=annuity r=rate n=number of years…

Q: Enter your search term You want to buy a $165,000 home. You plan to pay 20% as a down payment, and…

A: As per the time value of money, a dollar is worth more today than the same dollar in the future.…

Q: You want to buy a $255,000 home. You plan to pay 5% as a down payment, and take out a 30 year loan…

A: Amount of home = $255,000 Down payment = 5%  The time duration of the loan = 30 years

Q: If you want to have $875 in 36 months, how much money must you put in a savings account today?…

A: Present value:Present value is a financial concept that refers to the current worth of a future cash…

Q: Suppose you have a student loan of $35,000 with an APR of 6% for 40 years. Complete parts (a)…

A: Loans are paid by equal monthly installments and these monthly installments carry the payment for…

Q: rate

A: Introduction: Simple interest can be defined as interest which is computed from the principal loan…

Q: Suppose you have a student loan of $35,000 with an APR of 6% for 40 years. Complet parts (a) through…

A: A loan is a financial arrangement in which one party, typically a lender or a financial institution,…

Q: Car cost 9000; 1000 down payment; need a loan of 8000; auto financing calculates interest for the…

A: Using excel PMT function to calculate periodic payment  Interest on Loan =(periodic payment * no. of…

Q: If you make a down payment of $5000 on a car that costs $54,000+u compute the monthly payments on a…

A: Present Value of Ordinary Annuity refers to the concept which gives out the discounted or today's…

Q: You want to buy a $195,000 home. You plan to pay 10% as a down payment, and take out a 30 year loan…

A: The loan amount would be price of home less down payment. Monthly payment =Loan amountPVAIF (…

Q: A new furniture set costs $ 3200. If you make a down payment of $ 400 and finance the rest at a rate…

A: Repayment amount refers to the total amount taht is being paid for the repayment of the amount…

Q: You want to buy a $182,000 home. You plan to pay 20% as a down payment, and take out a 30 year loan…

A: A= 182,0000t= 30 yearsDown Payment = 20%

Q: You are interested in purchasing a new home for $200,000, but you need to save 20% of the price to…

A: Data given: Price of new home=$200,000 Savings=20% of Price of new home APR=9% n=5 years   Required:…

Q: If you lend $3000 to a friend for 15 months at 8% annual simple interest, find the future value of…

A: Futre value of loan is calculated as follws:-FV= A+IwhereFV= future value of loanA= Amount of loan I…

Q: You want to buy a new sports coupe for $30,000, and the finance office at the dealership has quoted…

A: in monthly payment, borrower pay the both interest and loan payment each month.  after end of the 60…

Q: You are looking to buy a $350,000 home Your household has a combined income of $97,000 The…

A: Hi There, thanks for posting the question. But as per Q&A guidelines, we must answer the first…

Q: You want to buy a car and have negotiated a sale price of $50,000. You can get a loan from your…

A: Present value = pv = $50,000 Compound = monthly = 12 interest rate = r = 6 / 12 = 0.5% Time = t = 6…

Q: You want to buy a car and therefore you borrowed $10,000 from a bank today for 6 years. The nominal…

A: Monthly Payment: It is the amount that is paid at the end of each month to the lender of the bond by…

Q: You're borrowing $6,000 for 4 Years with a stated simple interest annual interest rate of 8.5%. How…

A: Borrowings = p = $6,000Term = n = 4 yearsRate of interest = r = 8.5%

Q: Exercise #5: You are leasing a car worth $32,000 for 36 months. You put down $1200 now and agree to…

A: A loan is a type of financial transaction in which funds or money are given to another party (the…

Q: A Chevrolet Sonic Hatchback costs $ 14,980.00. With a 9 %  down payment, you can have an amortized…

A: Down payment- While purchasing a asset, the payment which is made upfront is called down payment.…

Q: BMW will sell a $55,000 car for $890 per month for 72 months. What is the annual interest rate?…

A: Monthly Payment=$850Selling Price of the Car=$55,000Time Period=72 monthsRequired:Annual Interest…

Q: Consider borrowing $250,000 to purchase a house at a 4% annual interest rate to be paid infull in 15…

A: Loan amount = $250,000Interest rate = 4%Loan period = 15 yearsTo find: the total interest amount and…

Q: he math: One point on a mortgage loan is 1% of the principal. (The principal is the amount to be…

A: Annuity is a series of periodic equal payments for a specified period of time.With periodic interest…

Q: You have approached your local bank for a start-up loan commitment for $390,000 needed to open a…

A:

Q: You want to buy a house that costs $620,000. You can put $55,000 down. You get a 30 year fixed-rate…

A: When the lender lends a loan to the borrower, he charges a rate of interest on the borrowed amount.…