Mark Ogara rented a truck from Avis Rent-A-Car for the weekend (2 days). The base rental price was $30.05 per day plus 14 centsa per mile. Mark drove 411.85 miles. How much does Mark owe? (Round your answer to the nearest cent.) Amount
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- Jill Walsh purchases a bedroom set for a cash price of $3,920. The down payment is $392, and the monthly installment payment is $176 for 24 months. Find the amount financed the finance charge The deferred payment price. What will be the APR for this auto loan?Taibi Hafid is considering the purchase of a used car. The price, including the title and taxes, is $10,500. Taibi is able to make a $2,500 down payment. The balance, $8,000, will be borrowed from his credit union at an interest rate of 10% compounded daily. The loan should be paid in 48 equal monthly payments. Compute the monthly payment. What is the total amount of interest Taibi has to pay over the life of the loan?Mr. Owen is buying a new washer/dryer for $2459 at Home Depot. There is 7.5% sales tax added to his purchase. He plans to charge this to his Home Depot credit card, which earns 19.5% APR. He wants to pay $245 per month to the credit card. Fill in the amortization table to calculate how long it will take to pay off the loan. Month Balance Interest Amt. Applied to Principal New Balance 1 $2441.39 2 $2441.39 3 $36.34 $208.66 $2027.40 4 $2027.40 $32.95 $212.05 $1815.35 8 $226.18 $932.11 $231.29 $3.76 ----
- Dick Davis buys a five-year-old used Toyota from Pioneer Auto Sales for $7,999. Hey puts $400 down and finances the rest through the car lot at 5.4% add-on interest. He agrees to make thirty-six monthly payments. Find the size of each payment. (Round your answer to the nearest cent.) $ ______________please answer with correct calculations and explanations. QUESTION: Kari is purchasing a home for $220,000. The down payment is 25% and the balance will be financed with a year mortgage at 8% and 4 discount points. Kari made a deposit of $30,000 (applied to the doen payment) when the sales contract was signed. Kari also has three expenses: credit report, $70; appraisal fee, $110; title insurance premium, 1% of amount financed; title search, $200; and attorney's fees, $500. Find the closing costs (in $).Landon Wallin is an auto mechanic who wishes to start his own business. He will need $4800 to purchase tools and equipment. Landon decides to finance the purchase with a 36-month fixed installment loan with an APR of 4.5%. a) Determine Landon's finance charge. b) Determine Landon's monthly payment. Click the icon to view the partial APR table. a) Landon's finance charge is $ (Round to the nearest cent as needed.) Partial APR Table Number of payments 36 48 60 Annual Percentage Rate 5.5% 5.0% 6.0% 4.5% (Finance charge per $100 of amount financed) 7.90 7.09 9.52 8.71 11.63 12.73 9.46 10.54 11.86 13.23 14.61 16.00 Print Done 6.5% 10.34 13.83 17.40
- Steven wants to buy a new couch priced at $591 and agrees to pay for it over two years with a finance charge of 4.3% simple annual interest. How much will his monthly payment be? State your answer in terms of dollars rounded to the nearest cent (hundredth). Carl purchased a $385 car stereo at Worst Buy. He paid $25 at the time of purchase and agreed to pay the balance in 12 equal monthly payments. The finance charge was 14% simple annual interest. What was the amount of each payment? State your answer in terms of dollars rounded to the nearest cent (hundredth). Sammy wants to buy a new stereo priced at $449. He enters into an agreement to pay $21 a month for 24 months. How much will the finance charge be for this purchase?Landon Wallin is an auto mechanic who wishes to start his own business. He will need $5000 to purchase tools and equipment. Landon decide purchase with a 48-month fixed installment loan with an APR of 5,5%. a) Determine Landor's finance charge. b) Determine Landon's monthly payment. Click the icon to view the partial APR table a) Landon's finance charge is $ (Round to the nearest cent as needed) b) Landon's monthly payment is S (Round to the nearest cent Bs needed)Philo needs to borrow $310,000 to purchase a home. He is able to obtain a fifteen year mortage with a flixed-rate of 12.0%, What is his monthly payment? For numerical entries, please 1. do NOT enter commas 2. do NOT enter the dollar symbol: $ 3. DO enter the percent symbol when it is needed: % 4. enter dollar amounts to the nearest cent, for example: 12345.67 Please complete the TVM Framework table to compute Philo's monthly payment on this mortgage: Time Value of Money (TVM) Framework FV PV PMT type CPT Piease complete the first rows of the amortization table: Amortization Table Excess Payment Principal Remaining Principal INTEREST Balance If Philo started this mortgage at the beginning of December, how much interest would he pay during its first calendar year?
- Kevin bought a washer and dryer for $1050 but only had a down payment of $150.00. He financed the rest using add-on interest of 9.8% and will pay it off in 18 months. Submit your answer in the form $250.00 (use the dollar sign and round to the nearest cent). How much interest will he pay on the dishwasher after the 18 months?Blank 1 After factoring in the interest, how much will he pay for the dishwasher in total?Blank 2 What would the monthly payment be?Blank 3Landon Wallin is an auto mechanic who wishes to start his own business. He will need $4900 to purchase tools and equipment. Landon decides to finance the purchase with a 60-month fixed installment loan with an APR of 5%. a) Determine Landon's finance charge. b) Determine Landon's monthly payment. Click the icon to view the partial APR table. a) Landon's finance charge is $ (Round to the nearest cent as needed.) b) Landon's monthly payment is $ (Round to the nearest cent as needed.) Partial APR Table Annual Percentage Rate Number of 4.5% 5.0% 5.5% 6.0% 6.5% payments 36 48 60 (Finance charge per $100 of amount financed) 10.34 13.83 17.40 7.09 7.90 8.71 9.52 9.46 10.54 11.63 12.73 11.86 13.23 14.61 16.00 Print DoneLuis Mahla purchases a Porsche Boxster for $44,300 and finances the entire amount at an annual interest rate of 4.1% for 5 years. Find the monthly payment. Assume the sales tax is 6% of the purchase price and the license fee is 1% of the purchase price. (Round your answer to the nearest cent.)