You want to purchase a computer that has a price of $2206 plus 5% sales tax, and you decide to pay for it with installments over 9 years. The store tells you that the interest rate is 13%. What is the amount of each monthly payment? Round to the nearest hundredths.

Q: Brad decides to purchase a $205,000 house. He wants to finance the entire balance. He has received…

A: The objective of this question is to calculate the total cost that Brad will incur if he takes all…

Q: You decide to save for a car costing $1200 (You are a big spender). You want to make deposits for 24…

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

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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: House cost $225,000, you put 20% down. Get 30 yr loan at 3%. How much interest did you pay over 30…

A: Given problem is :

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: Bill Seeker bought a boat costing $8000 with $2500 down, the balance plus add-on interest to be paid…

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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: Wayne Pinski wishes to buy a stove and a refrigerator from an appliance dealer. The cost of the two…

A: Consider that the combined price of the two items is, $2800 down payment is  $700 Therefore, the…

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 buy a car for$12000 on simple interest at 6% for 5 years. You will be financing the car plus…

A: You buy a car for$12000 on simple interest at 6% for 5 years. You will be financing the car plus…

Q: Alan borrowed $30,000 from Janet due in five years at 10% monthly. Two years after the debt is…

A: Present value = future value/(1+r/m)^(m*n) Given  Future value =$30000 r=10%  n=5 years m=12

Q: Steven wants to buy a new couch priced at $705 and agrees to pay for it over two years with a…

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Q: Jeremy has a credit card with an unpaid balance of $1,210. If he is charged an interest rate of…

A: The objective of this question is to calculate the finance charge for the month on Jeremy's credit…

Q: Suppose you want to save in order to purchase a new boat. Take the APR to be 9.2%. You want to have…

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Q: Wayne Pinski wishes to buy a stove and a refrigerator from an appliance dealer. The cost of the two…

A: Total cost of stove and refrigerator is $2800 down payment is $600. So remaining cost to be paid is…

Q: Michelle purchased a 91-day T-bill with interest rate of 3.50% p.a. and a face value of $10,000. a.…

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Q: It cost $200,000 to put a kid through college.  How much money would you have to deposit monthly…

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Q: ristan bought a $225,000.00 house, paying 10% down, and financing the rest at 3% interest for 15…

A: Given that  Tristan bought a $225,000.00 house, paying 10% down, and financing the rest at 3%…

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

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