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- Teagan wants to buy a new jacuzzi. The jacuzzi costs $1850. Teagan decides to finance the jacuzzi for 24 months at an APR of 13.5%. Determine Teagan's monthly payment. Round your answer to the nearest cent, if necessary. Formulas 中 Answer(How to Enter) Кеурad Number of Fixed Payments Required to Pay Off Credit Card Debt Keyboard Shortcuts -log 1 PMT R 3= log( 1 + Monthly Payment Formula for Fixed Installment Loans (P.) PMT Maximum Purchase Price 1+ Prev maximum purchase price PMT NextYour friend wants to buy a $15,000 boat. She will pay 10% as a down payment and take out a 15 - year loan to cover the rest of the price. How much will her quarterly payments be if the bank charges 6.5% annual interest, compounded quarterly? Round to 2 decimal places. Do NOT use the dollar sign in the answer box. Her payments will be $???.2. Remi deposits $2,000 into a savings account at her bank. If the interest rate is 3.25 percent, how much money will she have in her account after 5 years? 7. You are Co introductory rate months and the rate be entered into a drawin commercial. You pay $50 a you switch? Use the smart dec mathematically and include an em
- Natalie decides to buy a poodle print. A poodle print is bought for 24 monthly payments of $200. What is the equivalent cash price if the rate is 18% compounded monthly and the first payment is made one month after the purchase? (Remember: Cash = Now)You owe $2,000 on a credit card that charges 20% interest. You have $2,200 in your savings account that earns 1.69% interest. Your savings account charges $14.50 a month if you keep a balance of less than $1,500 a month. Compare the amount of interest for both to decide what you should do about paying the credit card bill. Consider all factors in the decision. Show your for any calculations you may completed. In a brief paragraph, justify your decision, including a description of all factors that would affect that decision.You owe $2,000 on a credit card that charges 20% interest. You have $2,200 in your savings account that earns 1.69% interest. Your savings account charges $14.50 a month if you keep a balance of less than $1,500 a month. Compare the amount of interest for both to decide what you should do about paying the credit card bill. Consider all factors in the decision. Show your for any calculations you may completed.
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- You want to buy a car worth ₱808,000 at Hyundai Branch through EastWest Bank’s 5-year car loan program. EastWest Bank requires you to pay the 20 percent down payment at Hyundai Branch; the remaining balance shall be your amount loaned from EastWest Bank. If the bank uses an annual interest rate of 0.00132%, compounded monthly, determine the following: a.How much money will the bank finance? b.What is the monthly interest rate of your loan? c.How much money will be bank acquired from you in the 5-year car loan? d.How much is your monthly payment? e.How much money will you be spending on buying the ₱808,000 car?9. Shirley Stewart is planning to buy a Toyota hybrid for $18,789 with $1,100 down and plans to finance the car. Citizens’ Financial Bank quoted a finance charge at 8.5% for 48 months; Charter One Bank quoted her a finance charge at 8% for 60 months.a. What would be her monthly payment to Citizens’ Financial Bank? Round your answer to the nearest cent. Monthly payment $ b. What would be her monthly payment to Charter One Bank? Round your answer to the nearest cent. Monthly payment $Ursula wants to buy a $21,000 used car. She has savings of $2,000 plus an $800 trade-in. She wants her monthly payments to be about $302. Which of the following loans offers monthly payments closest to $302? A. 6% APR for 60 months B. 6% APR for 72 months C. 6% APR for 36 months D. 6% APR for 48 months Please use BA II where applicable.