Christina bought a new car for $32,000. She paid a 20%down payment and financed the remaining balance for 60 months with an APR of 5.5%. Determine the monthly payment that Christina pays. Round your answer to the nearest cent, if necessary.
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Christina bought a new car for $32,000. She paid a 20%down payment and financed the remaining balance for 60 months with an APR of 5.5%. Determine the monthly payment that Christina pays. Round your answer to the nearest cent, if necessary.
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- Jenna bought a new car for $39,000. She paid a 10% down payment and financed the remaining balance for 48 months with an APR of 4.5%. Determine the monthly payment that Jenna pays. Round your answer to the nearest cent, if necessary.Michelle bought a new car for $38,000. She paid a 20% down payment and financed the remaining balance for 60 months with an APR of 5.5%. Determine the monthly payment that Michelle pays. Round your answer to the nearest cent, if necessary.Jenna bought a new car for $28,000. She paid a 20% down payment and financed the remaining balance for 36 months with an APR of 3.5%. Assuming she makes monthly payments, determine the total interest Jenna pays over the life of the loan. Round your answer to the nearest cent, if necessary.
- Jenelle bought a home for $370,000, paying 18% as a down payment, and financing the rest at 4.6% interest for 30 years. Round your answers to the nearest cent. How much money did Jenelle pay as a down payment? $ What was the original amount financed? $ What is her monthly payment? $ If Jenelle makes these payments every month for thirty years, determine the total amount of money she will spend on this home. Include the down payment in your answer. $Brooke bought a new car for $32,000. She paid a 20% down payment and financed the remaining balance for 48 months with an APR of 4.3%. Assuming she made monthly payments, determine the total cost of Brooke's car. Round your answer to the nearest cent, if necessary.Christina bought a new car for $ 25,000. She paid a 10% down payment and financed the remaining balance for 36 months with an APR of 3.5%. Determine the monthly payment that Christina pays.
- Chiara purchased a new natural qas barbecue for $2,200 and made a down payment that was 30% of the purchase price. She financed the remaining balance for 9 months at an annual interest rate of 5.5% compounded monthly. What is Chiara's monthly payment? (Round your answer to the nearest cent.)Jessica borrows $1,000.00 from a credit card company at 25% annually for two years. Determine Jessica’s monthly payment. Show your work.Amy bought a new car for $38,000$38,000. She paid a 20%20% down payment and financed the remaining balance for 4848 months with an APR of 4.5%4.5%. Assuming she makes monthly payments, determine the total interest Amy pays over the life of the loan. Round your answer to the nearest cent, if necessary.
- Blake bought a new car and financed $15,000 to make the purchase. He financed the car for 60 months with an APR of 5.5%. Assuming he made monthly payments, determine the total interest Blake paid over the life of the loan. Round your answer to the nearest cent, if necessary.Patty purchases a $190,000 house. She pays $50,000 down and takes out a 15-year mortgage with monthly payments, at an interest rate of 12% Interest. Find Patty's monthly payment. Patty will have to pay $ each month. (Round to the nearest cent as needed.)Julio buys a koi fishpond (and fish to put in it for his wife on their anniversary. He pays $8000 for the pond and fish with $2000 down. The dealer charges add-on interest of 3.5% per year, and Julio agrees to pay the loan with 36 equal monthly payments. Use this information to answer the following questions: 1) Find the total amount of interest he will pay. 2) Find the monthly payment. 3) Find the APR value (to the nearest half percent). 4) Find (a) the unearned interest and (b) the payoff amount if he repays the loan in full with 12 months remaining. Use the most accurate method available.