What is her monthly payment on a 2010 Honda Civic priced at $4500 with a 15% interest rate for a 10 year loan?

Q: If you borrow $700 for 6 months at 2% annual simple interest, how much must you repay at the end of…

A: As we know that the formula of the simple interest is:   Simple interest =I=P×r×t   Where,…

Q: how much should you put in an investmenr paying a simple loan of 5% if you needed $4000 in eighteen…

A: According to question,Given data,Rate of Interestr = 5%Simple interest = $4000Time = 18 Months

Q: After 10 years, you have made 1/3 of the payments. Why isn't 1/3 of the loan balance paid off?

A: We can solve it mathematically and show that after 10 years only a partial principal amount is paid…

Q: Assume the monthly payment of a loan amount of $400,000 is $1450.  How long will it take to retire…

A:

Q: Find the interest paid on a loan of ​$2300 for   two years at a simple interest rate of 10​% per…

A: Formula used: Simple interest formula: The formula for calculating the simple interest is I = Prt.…

Q: Martin wants to buy a new bedroom set that costs $1,829 including tax. Unfortunately, he doesn’t…

A: Martin wants to buy a new bedroom set that costs $1,829 including tax. Unfortunately, he doesn’t…

Q: If Tanya purchased a $1,700 set of golf clubs on a 9-month layaway plan and had to pay a monthly…

A: Given that $17000 set of golf clubs is purchased. Monthly payment is $201 and number of months is 9.…

Q: If a nine-month term deposit at a bank earns a simple interest of 9% per annum, how much will have…

A: Simple interest: As the name indicates it is a simple interest computed on the amount of principal.…

Q: Violet is planning to make 29 semiannual loan payments of 1460 dollars each. If her bank charges…

A: The given data is: Violet is planning to make 29 semiannual loan payments of 1460 dollars each The…

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: A loan of ​$2520 can be repaid in 210 days by paying the principal sum borrowed plus ​$70 interest.…

A: To find the rate of interest charged.

Q: A motorcycle can be acquired for 5,000.00 down payment and a monthly payment of 3,000.00 for 3…

A:

Q: Calculate the simple interest due on a 45-day loan of $3500 if the annual interest rate is 8%.…

A: Follow the procedure given below.

Q: What was Yvette's monthly payment?

A: Balance after 36th payment = 6521.43 Balance after 37th payment = 6151.8 For monthly payments…

Q: If you pay your friend 15$ each month for 20 months to repay a loan, what is the total cost of the…

A: Explanation of the answer is as follows

Q: Jamerra receive plans on paying the end of 2 yea $450 in interest interest rate on

A: GIVEN  principal P=$ 3000 time t=2 years interest I=$ 450

Q: Angela Montery has a five-year car loan for a Jeep Wrangler at an annual interest rate of 5.7% and a…

A: find explanation below

Q: Steph took out a simple interest loan that charges 8.5% interest annually. If her original loan…

A: Given: Loan amount is, P=$30000. Simple interest rate is, r=8.5%. Number of years, n=20 years. The…

Q: A retiree invests $8,000 in a savings plan that pays 6% per year. What will the account balance be…

A: Given  invested amount  =  $ 8,000 intrest rate  = 6% per year

Q: If the simple interest on $3,000 for 7 years is $1,050, then what is the interest rate? The rate is…

A: We need to solve it by the basic formula of simple interest.First we need to specify the given…

Q: What Is the monthly payment for a $14,000 loan for 6 years with an annual interest rate of 3.8%?

A:

Q: 3. Mocca Blanca invested P45, 000 for 2 years and 8 months and earn P12,450 interest. What was the…

A: Mocca Blanca invested P45, 000  for 2 years and 8 months and earn P12,450 interest . We have to find…

Q: To afford the installation of solar panels on her house, Erin borrowed for $19,500 at 4.2% APR for…

A:

Q: If a nine-month term deposit at a bank earns a simple interest rate of 9% per annum, how much should…

A: Given: The value of r is 9%

Q: You owe $5,000 on your credit card, and you plan to pay it off through monthly payments of $100. If…

A: We use formulas: Simple Interest(SI) = (PRT)/100, where P = Principal Amount, R = Rate and T = Time…

Q: To pay for his debt at 10% compounded semi-annually, рay Marcus committed for 10 quarterly payments…

A: To determine the amount of money Marcus borrowed.

Q: Suppose you borrow P15,000 and required to pay P15,315 in 4 months to pay off the loan and interest.…

A:

Q: A debt of P20, 000 is due on December 1, 2020. What was the value of this debt on December 1, 2018…

A:

Q: A payday loan company charges a $90 fee for a $600 payday loan that will be repaid in 20 days.…

A:

Q: What is the monthly payment on a 25 year loan of $67,800 if the annual interest rate is 5%?

A: We have Principal loan amount, P = $67,800 Annual interest rate r = 5% = 0.05 Number of monthly…

Q: Dr. Gupta is considering a 30-year mortgage at 6% interest. She can make payments of $3500 a month.…

A:

Q: a car costs $12500 and youre offered a loan that requires $800 down and a monthly payment of 228.29…

A: Monthly payments of 228.29 for 66 months contribute to 228.29*66 = 15067.14   And 800 down payment.…

Q: Adam leases a car with an upfront payment of $1,629 and monthly payments of $197. Assuming there are…

A:

Q: Kiara is expected to settle a loan by paying $8,500. What amount should she pay if she decides to…

A: The given data is: To settle a loan by paying P=$8,500 Interest rate r=3.50% ( compounded monthly)…

Q: The interest rate on an $859.50 debt was 104%. For how many months was the loan outstanding if it…

A: Given: The interest rate on an $859.50 debt was 1014%. Find for how many months was the loan…

Q: A retiree invests $5,000 in a savings plan that pays 6% per year. What will the account balance be…

A:

Q: Sammy wants to buy a new stereo priced at $413. He enters into an agreement to pay $20 a month for…

A:

Q: Sammy wants to buy a new stereo priced at $436. He enters into an agreement to pay $21 a month for…

A: GIVEN: Sammy wants to buy a new stereo priced at $436. He enters into an agreement to pay $21 a…

Q: Mustafa purchases an annuity due paying 6% quarterly. If his payment is $5901, how much will its…

A:

Q: Mr. Smith buys a television that is listed for $1500. He pays $500 down and pays the balance in 12…

A:

Q: The simple interest on a $710 three-year loan amounted to $276.  What was the annual interest rate…

A:

Q: Tom and Linda have been approved for an $185,000, 15-year mortgage with an APR of 5.35%. What will…

A: Since the given term is APR then we have to compute simple interest. The formula for simple interest…

Q: b.) Loren barrowed P150,000for 5 years and 5 months and paid P21,000 interest. What was the simple…

A: If, P= principal t = time ( in years) r= rate of interest Then , Interest I= (P × t × r)÷100.

Q: Gabriella wants to buy a house costing $95,000, and she has $12,000 for the down payment. She can…

A: NOTE: Refresh your page if you can't see any equations. . the cost of the house is $95000 and the…

Q: A service car whose cash price was P540,000 was bought with a down payment of P162,000 and a monthly…

A: Consider the given information.

Q: Mr. Cruz obtained a 16-year mortgagee for 3,592,974. If this monthly payment is 17,520 how much is…

A:

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

A:

Q: What is the monthly payment on a 30-year mortgage of $80,000 at 9% interest? What is the monthly…

A:

Q: Michael wants to buy some new exercise equipment for his home for 371,000 financed at an annual…

A: In the add-on method, we divide add the principal amount and the interest for the five years into…

Q: Adam leases a car with an upfront payment of $1,873 and monthly payments of $182. Assuming there are…

A: We have to solve above question and find what will be the total cost of a two-year lease

Q: A retiree invests $9,000 in a savings plan that pays 5% per year. What will the account balance be…

A:

Q: Patty took out a payday loan for $700 due in 2 weeks that charged a $140 fee. What is the periodic…

A: We can find the annual  rate of interest as follows

Q: Violet is planning to make 30 semiannual loan payments of 1300 dollars each. If her bank charges…

A: How much principal is in the 22nd payment?

Q: The simple interest on a $7,600 loan at 7% per year amounted to $4,788. When did the loan mature?

A: To Determine: The simple interset on a $7600 loan at 7% per year amounted to $4788. When did the…

Q: What is the purchase price on a car that has a $350 monthly payment for five years, financed at 6%…

A: Given query is to find the purchase price of the car.

Q: If I purchased an appliance for $2500 , paid $800 as a down payment and financed the remainder over…

A: Given that loan is of 'add-on interest' typeAdd on interest = Principal *Rate of interest…

Q: Find the monthly payment for the loan. Finance $450000 for an apartment complex with a 8.5% 30 year…

A: Given   Amount =$45000      years=30    interest=8.5%  since we have the monthly payment for…

Q: You are currently making $70,000 a year after taxes and are interested in maintaining your current…

A:

Q: In 2016 Donald Trump admitted he received a small loan of a million dollars from his father if he…

A: We can use this formula to compute the monthly payment,  Monthly payment = P×r(1+r)n1+rn-1 Where P…

Q: The maturity value of a 50-day loan of $530 is $540. What is the annual simple interest rate (in…

A: