You want to take out a $125,000 mortgage. The interest rate on the mortgage is 5%, and the loan is for 30 years. How much will your monthly payments be?

Q: Tristan and Bella borrowed $1,700 to buy a dog at 7.5% interest on March 10. They plan to repay the…

A: To calculate the repayment amount for a loan with 7.5% interest over a specific period, you can use…

Q: You want to buy a car. The loan amount will be $28,000. The company is offering a 2% interest rate…

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Q: You loaned a friend 1000.00 at simple interest of 4%. If total interest your friend paid was 150.00,…

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Q: Matt bought a boat for $15,000. This is a simple interest loan at 5.5% for 10 years. What is the…

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Q: The Habers purchase a $6500 living room set and take out a two-year loan for the entire amount at…

A: given  principal P=$6500 interest rate i=26% i=2612 =2.1666% =0.021667 time t=2 years number of…

Q: You want to buy a $21,000 car. The company is offering a 3% interest rate for 60 months (5 years).…

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Q: Hector's second option for purchasing his $24,000 car is a loan with 4.5% interest over four years.…

A: Hector purchasing his car is a loan with  interest over four years.The aim is to find out how much…

Q: You can afford a $200 per month car payment. You've found a 3 year loan at 4% interest. How big of a…

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Q: You can afford a $250 per month car payment. You've found a 4 year loan at 6% interest. How big of a…

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Q: loan

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Q: If you purchase a $600 item and pay for it with monthly installments for 2 years, the monthly…

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Q: and

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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: Kevin takes out a $350 000 mortgage for 30 years at 2.05% annual interest compounded quarterly. His…

A: The EMI i.e. the monthly payment required to be done by Kevin includes the interest component to be…

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: The price of a car is $25,000. You have saved 25% of the price as a down payment. After the down…

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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: You can afford a $350 per month car payment. You've found a 3 year loan at 7% interest. How big of a…

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Q: You want to buy a $13,000 car. The company is offering a 4% interest rate for 48 months (4 years).…

A: Where,PVA = Present value of the annuityA = Monthly paymenti = Monthly interest rate in decimal…

Q: A loan is used to purchase a new truck. the total price of the truck

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Q: A loan for a new tractor is to be simple interest. The rate is 7.2% for 6 years on $43,400. How much…

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Q: You borrowed money and need to pay interest on the loan. You must pay 5% of the $6500 loan to remain…

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Q: a repa

A: Kara makes a monthly payment of = $175