A tricycle costs ₱ 120,000.00. A young engineer availed one but by installment payments. If the agreed interest is 1.5% per month. In how many months will the young engineer finish the contract is he pays ₱ 3,000.00 a month?

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

A:

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: Nina and Michael have been approved for a $300,000 30-year mortgage with an APR of 5.25%. How much…

A: Thanks for the question :)And your upvote will be really appreciable ;)

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: Tom is  considering purchasing a consol that promises annual payments of $4.  If the current…

A: Here, the annual payments of consol is $4 and the current interest rate is 5 %. Price of the consol…

Q: The annual interest rate on a credit card is 17.99%. If a payment of $200.00 is made each month, how…

A: How many months will it take to pay off an unpaid balance of $2,470.04. ?

Q: To pay for his debt at 12% compounded semi- annually,Analuz arwena commuted for 8 quarterly payments…

A: Given interest : 12 % compounded semi annually. Total quaterly payments = php 24,491.28 To…

Q: The annual interest rate on credit card is 24.99%. How long will it take to pay off an unpaid…

A: According to the guidelines I am answering only first question.

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: Matthew wants to set up a sinking fund that will be worth $100,000 after 20 years of monthly…

A:

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: John wants to retire with $10,000 per month, how much principal is necessary to generate this amount…

A: Use the formula I=Prt100, where P is principal, and r is the rate of interest, t is the time.,…

Q: If you can afford to make payments of $350 per month for four years. What is the largest amount of a…

A: Given Monthly payment(P)=$350Annual Percentage Rate(APR)=5%n=4 years=48  monthsNow use the…

Q: If you finance the cost of your car ($200,000) at 6.9% APR for 3 years, determine the monthly cost:…

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: In order to purchase a​ home, a family borrows $55,000 at an annual interest rate of 11​%, to be…

A:

Q: hat is the

A: The present value of the loan is given by the formula: Present value=Cash flow×1-1+r-nr Where r is…

Q: Kevin buys a $4,317 air conditioning system using an installment plan that requires 9.5% down. How…

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: The Premier Car Title Loan Company makes emergency loans of up to $500 for 1 month for a fee of 4%…

A:

Q: Suppose you want to purchase a $ 165000 house. If you put 20% down and finance the rest in a 25 year…

A: # Given: principal amount p=$165000 20% down payment  25 year mortgage  interest rate r=5.5%  then…

Q: If money is worth 14%, what payment on August 29 would be equal in value to a payment of $86,900 due…

A:

Q: Imelda took a loan of Php950,000 from a financial institution to purchase a TV set. If the the…

A: Formula of compound interest: A=P1+rnnt where, A= Final amount P= Initial amount r= rate of interest…

Q: A loan of 28,900 is obtained for 5 months at 8 3/5 %. How much is the simple interest?

A: Given that : a loan of 28,900 is obtained for 5 months at 8 3/5 %. We find the simple interest.

Q: The new balance of a charge account is $145.00. The minimum payment is $30.00. If the interest rate…

A: Step:-1 Given new balance is $145.00 Minimum payment is $30.00 Left balance to be paid =…

Q: Ruth availed of a cash loan that gave her an option to pay P5,000 monthly for 1 year. The first…

A:

Q: A loan officer at a bank has PhP1,000,000.00 to lend and is required to obtain an average return of…

A: Here we will find the required amount to lend by 16% rate,

Q: A couple can afford to make a monthly mortgage payment of $650. If the mortgage rate is 9% and the…

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: 4. A different car loan is advertised with a 3.25% APR for $23,000 a car. What is the monthly rate?

A: given that  there is a 3.25% APR for $23000 a car. total amount for a year will be…

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

A:

Q: How much is the cash value of the car if the interest used is 12% monthly?

A: Given:monthly payment =17,000 Interest rate=12% Formula used: PV annuity=P×1-1+I-nI

Q: If you borrow 1500 dollars from a lending agent for 13 weeks and in the end you have to pay back…

A: Formula r = (1/t)(A/P - 1) r = simple interest rate = ? P = principal amount =1500 A = P+ I  = 1650…

Q: If Sandy can afford car payments of ​$430 per month for 7 ​years, what is the price of a car that…

A: We have to find the price of a car that Sandy can afford​ now.

Q: Mr.  Allen purchased an annuity that pays 19% compouned annually. If the yearly payment is $3,500,…

A: With the help of compound interest formula we can solve this problem easily- The formula for…

Q: Mary and Kevin buy a vacation home for $350,000 down and take out a 15- year mortgage for the…

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Q: If $1000 is borrowed and the interest after 24 months is $300, what is the annual interest rate for…

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Q: 1. Mr. Cruz borrowed P110,000 at 5% simple interest to pay as down payment for a house and lot. If…

A: Solution

Q: If the simple interest on $1,000 for 10 years is $600, then what is the interest rate? The rate is…

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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: If Joe Edward earned P1,890.50 in 1 year and 3 months in a mutual fund containing bonds worth…

A: Express the equation for the mutual fund. Future value= Present Value1+r100n Here, r is the rate of…

Q: A man bought a lot worth P1.2M if paid in cash. On the installment basis, he paid a down payment of…

A: In this question, we have to calculate simple interest of last 2 year. As given on this question.

Q: You want to make monthly payments of $440, but you don't want a car loan over your head for more…

A: Let the loan amount is P. it is given that monthly payment M is 440. the interest rate is 0.015…

Q: Find the amount of monthly payment necessary for the deposit to a sinking fund. A equals $50,000, N…

A: equals $50,000, N = Semiannually, r=14%, t=10

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

A:

Q: 3.4.1 If you buy a computer directly from the manufacturer for $2500 and agree to repay it in 48…

A: Please see the attachment

Q: If you pay $5,500 for a simple interest note that will be worth $6,000 in 21 months, what annual…

A: topic - percentage