Richard's Monthly Credit Card Statement Gas Plus $21.19 Ralph's Market $98.32 The Downtown Diner $38.92 Bargain Shoes $52.18 Unpaid Balance $210.61

Q: You have agreed to pay off an $8,000 car loan with 24 monthly payments of $400 each. Use the simple…

A: Formula used: To find the interest rate in simple interest:…

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

A:

Q: What would be the monthly payment on an add-on loan from a credit union at 6% over 36 months for the…

A: I solved with detailed analysis

Q: 2.7

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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: How much interest (to the nearest dollar) would be saved on the following loan if the condominium…

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Q: If an interest rate of 5% results in interest of $50, what is the principal amount of the loan?

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Q: Steven wants to buy a new couch priced at $558 and agrees to pay for it over two years with a…

A:

Q: Morgan loaned $3,100 to Rolf at a simple interest rate of 0.65% per month. What was the  term of the…

A:

Q: Find the exact interest on a loan of ​$6,000 at 8​% annually for 70 days.

A: Given, a loan of $6,000 at 8​% annually for 70 days.To find the exact interest on a loan.

Q: Your total payment on a 4-year loan, which charged 8.5% simple interest, amounted to $70,160. How…

A: The objective of this question is to find out the original amount borrowed given the total payment…

Q: Your total payment on a 4-year loan, which charged 8.5% simple interest, amounted to $70,160. How…

A: The objective of this question is to find out the original amount borrowed for a loan, given the…

Q: The minimum monthly payment for Brian's credit card is 3.5% of his balance or $25, whichever is…

A: Brian's balance at the end of his billing cycle=$722 The minimum monthly payment for Brian's credit…

Q: Elon has misplaced the sales contract for his car and cannot remember the amount he originally…

A: Elon has misplaced the sales contract for his car and cannot remember the amount he originally…

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

A:

Q: interest

A: we know that simple interest formula simple interest =P×R×T100where P is principal amountR is…

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: Ellen is looking to purchase a car.  She determines that she can afford a monthly payment of $325.…

A: To determine the cost of car that Marie can afford.

Q: Sally and her family are looking into purchasing a home. The total cost is $260,000. They can afford…

A: Given that The total cost is $ 260,000 . down payment is $25,000The present value PV = The total…

Q: If a car priced  at $17,305 is offered for nothing down with 60 monthly payments of $397.63, what is…

A: Given Information -  Cost of the car = $17,305 Monthly payments to clear the debt = $397.63 Number…

Q: Perry took out a payday loan for $1350 that charged a $55 fee. If the loan matures in 1 week, what…

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Q: interest and agreed to pay it off over a 2 year period, how much would your monthly payment be?

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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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Q: What is the purchase price on a car that has a $318 monthly payment for 4 years, financed at 5% per…

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Q: The house that you want to buy is selling for P3,250,000. You need to put 3/20 of the selling price…

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Q: The Small Business Administration offers business loans at 5.8% interest compounded monthly for 8…

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Q: What is the monthly payment on a 25-year loan of $62,700 if the annual interest rate is 5% ?

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Q: Jim financed the purchase of a new car. If the loan had an annual rate of 3.25% compounded annually…

A: By using formula we solve the given problem as follows :