Suppose you can afford to pay $300 a month for 6 years towards a new car with no down payment. If the current interest rates are 3.5%, how expensive a car can you afford? Car sticker price =

Q: John has invested $1200 into an account at 2% interest semiannually, what will his future valu be…

A: topic - compound interest

Q: Suppose that a car that you want costs $11000. You make a down payment of $1000 and finance the…

A: Car cost: $11000.  Down payment: $1000 Time: 4 yearInterest: 1.9% p. a.

Q: Find the matrix A of the quadratic form associated with the equation. 7x2 + 7y2 + 7z2 + 6xy + 6xz +…

A: We will find corresponding matrix and then its eigen values to determine final equation eliminating…

Q: You borrow $950 from your brother and agree to pay back $1000 in 19 months. What simple interest…

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Q: if $24 is is invested at a simple interest rate of 2% per year what was the account balance be after…

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Q: Some amount out of $7000.00 was lent at 6% per annum and the remaining at 4% per annum. If the total…

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Q: Your uncle still wouldn't help you after you found your new job. The bills are right this month, so…

A: Solution:- Your uncle still wouldn't help you after you found your new job. The bills are right this…

Q: Find the principal if the interest is 18,000 with a rate of 9% at term of 4 years.

A: Given:          Rate of interest (r) = 9 %          Simple interest (SI) = 18,000          Time…

Q: Find what simple interest rate will be necessary for Sonny to get a 40% return on a $500 investment…

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Q: Suppose you see a car with a price of $12,000 that is advertised at $300 per month for 5 years. What…

A: Given: Price of the car=$12000, Payment=$300 per month, time=5 years.

Q: Suppose you have budgeted $ 1130 a month towards a mortgage. If you are offered a 30 year mortgage…

A: Given that, the monthly payment towards a mortgage is $1130, the number of years is 30 years and the…

Q: loan of P200000 is to be repaid in full after 3years.If the interest rate is 8percent per annum.how…

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Q: If I can afford $420 a month for a car over the course of 6 years with an interest rate of 6.9% how…

A: If I can afford $420 a month for a car over the course of 6 years with an interest rate of 6.9% To…

Q: Suppose you can afford to pay $ 475 a month for 7 years towards a new car with no down payment. If…

A: Given Monthly interest rate=4.25%/12 Number of months =7*12

Q: find what simple interest rate will be necessary for sonny to get a 50% return on a $500 investment…

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Q: Suppose you can afford to pay $300 a month for 5 years towards a new car with no down payment. If…

A: Suppose you can afford to pay $300 a month for 5 years towards a new car Then the Future Value of…

Q: If $800 is borrowed and the interest after 6 months is $72, what is the annual interest rate for a…

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Q: Deer construction just purchased a new track hoe attachments costing 12500 dollars. The CFO John…

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Q: how expensive of a mortgage can you afford?

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Q: A recent high school graduate is taking out a 2,500$ loan to pay for a technical education program.…

A: A recent high school graduate is taking out a 2,500$ loan to pay for a technical education program.…

Q: You wish to purchase a new house 20 years from today. You currently have $25,000 debt you need to…

A: The annual payment on a loan is given by the formula AP=Pr1-1+r-n. Given data:…

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

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Q: If you invest $600 into an account that compounds monthly and after 8 years the account has $900.…

A: From the given information, it is observed that P = $600, A = $900, t = 8. Note that, the formula to…