You want to purchase a house in 10 years. You estimate the cost will be $184,500.00. You want to make a 20% down payment and pay closing costs, which are 8.5%. how much are the down payment and closing costs? How much do you need to save each month

Q: Tuition of $1830 will be due when the spring term begins in 6 months. What amount should a student…

A:

Q: You know you will have $1,000,000 in your account when you retire. You want to be able to take…

A:

Q: The price of a car is $22,000. you have to save 20% of the price as a down payment after the down…

A:

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

A:

Q: The figure shows estimated medical costs versus what a user actually pays for three health insurance…

A: Observe the graph clearly you can see that at 3000 estimated cost Value for 1000 deduction is around…

Q: Suppose you’d like to save enough money to pay cash for your next used car. The goal is to save an…

A: Given that, to save an extra $8000 over the next three years.To find the amount of monthly payments…

Q: You put ​$200 per month in an investment plan that pays an APR of 4.5​%. How much money will you…

A:

Q: Joe is borrowing $600 from his parents in order to finish paying his tuition bill. His  parents…

A: Simple interest (SI)=Principal amount (P)×Rate of interest (R) in decimal ×Time(T) as a fraction of…

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

A:

Q: Based on the value of the​ guitar, the pawnbroker loans you $960 One month​ later, you get the…

A: Effective Annual Interest Rate CalculationFormula:Effective Annual Interest Rate (EAR) = (1 + (i /…

Q: you can buy a car for $25200 or lease the same car for 3 years for a down payment of $1500 and…

A: Consider the given information.  The basic price of the car is $25200.    If you are taking a car on…

Q: Suppose that you borrow $17,000 for four years at 6 ​%  toward the purchase of a car. Use PMT equals…

A:

Q: You promise your niece that you will give her $2 on her first birthday and double that amount every…

A:

Q: Suppose you want to have $400,000 for retirement in 35 years. Your account earns 5% interest. how…

A:

Q: If you start working with a savings account with a $.25 in it and your boss double it each day for 3…

A:

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

A:

Q: The price of a home is $220,000, financed at 7% with a 30 year fixed rate. 20% down and 3 points…

A: The down payment is = Price of Home × percentage of down payment = $( 220,000 × 20%)…

Q: Sergio applied for a job with a starting pay rate of $8.00 per hour. The manager who hired him said…

A:

Q: Jamie wants a new smart/TV sound system that cost $1,250. He does not have that much in cash to…

A:

Q: After retiring, you want to be able to take $1000 a month for a total of 15 years from your…

A:

Q: You can afford a monthly payment of $375 for a new car loan.  You want the loan to last for 5 years…

A:

Q: The price of a car is $25,000. You have saved 25% of the price as a down payment. After the down…

A:

Q: You can buy a car for $25,200 or lease the same car for three years for a down payment of $1,500 and…

A: From the given information, it is observed that the basic price of the car is $25,200. If the car is…

Q: Suppose that you borrow $14,000 for three years at 5% toward the purchase of a car. Use PMT=- find…

A:

Q: We invest $4000 in an account that pays simple interest of 3% each year. How much interest is earned…

A: Let, P = initial  amount r = annual  interest  rate t = time ,then the simple  interest  formula…

Q: Andy buys a gaming system for $400 on his credit card that charges 2% interest compounded monthly.…

A: