isha is buying a car for $26,000. She has $1,800 for a down payment. She plans prrow the remainder at a 3.2% annual rate for 5 years. How much are her month r payments? $442.87 $437.00
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- Q. Jayden borrows $10500 from his grandmother for 4 years. Jayden’s grandmother gives Jayden a simple annual interest loan at 4.5% interest. How much will Jayden need to repay grandma in interest? How much in total will Jayden pay? Answer it only using Excel spreadsheet showing all formula. I will really upvote. Thanks Please don't give me answer without using ExcelSamuel Ames owes 20,000 to a friend. He wants to know how much he would have to pay if he paid the debt in 3 annual installments at the end of each year, which would include interest at 14%. Draw a time line for the problem. Indicate what table to use. Look up the table value and place it in a brief formula. Solve.Starting today, Jamie deposits $100 in a savings account at the beginning of each month. If the account earns 6 percent annually, what will the account value be after 6 years? a) 8,640.89 b) $8,684.09 c) $739.38 d) $697.53 Hide question 33 feedback Correct!
- Angela's bank gave her a 2-year add-on interest loan for $6,120 to pay for new equipment for her antiques restoration business. The annual interest rate is 8.28%. How much interest will she pay? What are her monthly payments? Question content area bottom Part 1 She will pay $enter your response here in interest on the loan. (Round to the nearest cent.) Part 2 Her monthly payments are $enter your response here. (Round to the nearest cent.)Marwan just deposited $13,000 into his account at Bank Muscat. The bank will pay 2.3 percent interest, compounded annually, on this account. How much interest on interest will he earn over the next 15 years? Il mcbs.proctonng.online is sharing your screen. Stop sharing Hide mpt-1231438cmid-98604&page-5#questicBob has saved $555 each month for the last 3 years to make a down payment on a house. The account earned an interest rate of .38 percent per month. How much money is in Bob's account? Multiple Choice: $21,367.73 $20,904.94 $20,630.91 $19,980.00 $20,438.70
- o help purchase her new car, Nicole is taking out a $34,000 amortized loan for 6 years at 5.8% annual interest. Her monthly payment for this loan is $560.27. ill in all the blanks in the amortization schedule for the loan. Assume that each month is of a year. Round your answers to the nearest cent. 12 Payment number Principal payment New loan balance Interest payment 1 2 $104.91 $455.36 $21,250.60 31 30To purchase an iMac Pro which is listed $6,299.00 online, Lisa is now depositing $300 to her saving account every 6 months after she has saved $5500. If the interest rate is 6% p.a. compounded semi-monthly, how soon can she purchase the iMac Pro? Step 1. Fill in blanks – the values: mpmt = __________ , j = __________, mi = __________, i = __________ PMT = __________, PV = __________, FV = __________ Step 2. Formula and Calculation:Suppose you want to have $700,000 for retirement in 20 years. Your account earns 7% interest. a) How much would you need to deposit in the account each month? b) How much interest will you earn? S Question Help: Video Submit Question Q Search hp H
- Sherry Smart is buying a $350,000 home and will pay the mortgage monthly for 30 years. She has a good credit score and has qualified for a 5.125% loan interest. How much will she be paying monthly for the home? Question 2Answer a. $1,318.69 b. $2,013.67 c. $975.88 d. $1,572.72Suppose you want to have $600,000 for retirement in 25 years. Your account earns 4% interest. How muc would you need to deposit in the account each month? Submit Question /course/showcalendar.php?cid=179278 SearchPat Lavoie bought a home for $180,000 with a down payment of $10,000. Her rate of interest is 6% for 30 years. (Use Table 15.1.) ****TABLE ATTACHED****** a. Calculate her monthly payment Monthly Payment= b. Calculate her first payment, broken down into interest and principal. First payment interest= First payment Principal= c. Calculate her balance of mortgage at the end of the month. Balance of mortgage=