A farmer purchased 235 acres of land for $4,900/acre. He paid 25% down and obtained a loan for the balance at 6.75% APR over a 20-year period. How much is the annual payment? (Simplify your answer completely. Round your answer to the nearest cent.)

When Cecilia’s car needs a new transmission, she’s stuck with a bill for  $1550 . The dealership offers her an  18 -month loan at  14.8%  interest to be repaid in  18  equal installments. Find the monthly payment. Round your intermediate steps to the nearest cent.   The monthly payment is  $ .

You want to save $20,000 for a down payment on a home by making regular monthly deposits over five years. Take the APR to be 4%. How much money do you need to deposit each month?

Tony's Towing borrows $17,250, at 7.5% interest, for 320 days. If the bank uses the exact interest method, how much interest will the bank collect? (Round to the nearest cent.) O $718.75 $1,134.00 O $1,134.25 O $1,293.75

You borrowed money and need to pay interest on the loan. You must pay 5% of the $6500 loan to remain in good standing with your bank. What amount will you pay?

When Cecilia’s car needs a new transmission, she’s stuck with a bill for  $1524 . The dealership offers her an  18 -month loan at  14.5%  interest to be repaid in  18  equal installments. Find the monthly payment. Round your intermediate steps to the nearest cent.     The monthly payment is  $ .

Rosita earned $ 84.55 interest over the period of 146 days on a term deposit witha principal of $2,562.12 that paid r percent per year. What was the value of r?

Margaret’s car loanstatement said she would pay$7,683.20 in simple interest for afive-year loan at 9.8%. How muchdid Margaret borrow to buy thecar?

You take out a 10 month, $2,000 loan at 8% annual simple interest. How much would you owe at the end of the 10 months (in dollars)? (Round your answer to the nearest cent.)

The amount to be financed on a new car is $9,500. The terms are 6% for 4 years. What is the monthly payment?  Answer the question. (Round your answer to the nearest cent.)$ =