Tina and Mike have sold their house, but they will not get the proceeds from the sale for an estimated 4 months. The owner of the house they want to buy will not hold the house that long. Tina and Mike have two choices: let their dream house go or take out a bridge loan. The bridge loan would be for $85,000, at 8.5% simple interest, due in 120days. How much interest would they pay for this loan? (Round your answer to the nearest cent.) $

Karen and Wayne need to buy a refrigerator because theirs just broke. Unfortunately, their savings account is depleted, and they will need to borrow money in order to buy a new one. Sears offers them an installment loan at 16% (add-on rate). If the refrigerator at Sears costs $1,568 plus 5% sales tax, and Karen and Wayne plan to pay for the refrigerator for 3 years, what is the monthly payment? (Round your answer to the nearest cent.) Hint: See Section 11.2, Example 1$

Haylee takes the family out to dinner to celebrate her grandmother's birthday. There are 15 people, and the cost for each person is $19.00. The automatic gratuity for this size of a group is 15% and the sales tax is 6.9%. How much will dinner for this party cost?Haylee's family received excellent service at this dinner and decided to add 5% more to the tip. What will they pay with the added tip?Haylee's 2 sisters decide they want to help pay for the meal and they agree to split the bill between the 3 of them. How much will each pay if they split everything evenly?

While shopping for a car loan, you get the following offers: Solid Savings & Loan is willing to loan you $10,000 at 4% interest for 4 years. Fifth Federal Bank & Trust will loan you the $10,000 at 5% interest for 3 years. Both require monthly payments. You can afford to pay $250 per month. Which loan, if either, can you take?

Owen has two options for buying a car. Option A is 1.4% APR financing over 60 months and Option B is 4.2% APR over 60 months with $1500 cash back, which he would use as part of the down payment. The price of the car is $37,071 and Owen has saved $3700 for the down payment. Find the total amount Owen will spend on the car for each option if he plans to make monthly payments. Round your answers to the nearest cent, if necessary. Please don't give handwritten answer..thanku

A couple buys a $150000 home, making a down payment of 17%. The couple finances the purchase with a 15 year mortgage at an annual rate of 2.99%. Find the monthly payment.$  If the couple decides to increase the monthly payment to $900, find the number of payments.