MRS. JIMENEZ REQUESTED A LOAN FOR $8,500 FOR THE PURCHASE OF A TELEVISION AND AGREED TO PAY A TOTAL OF $980 IN INTEREST. THAT HOW MUCH WILL YOU HAVE TO PAY AT THE END OF THE ESTABLISHED TERM?
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1. MRS. JIMENEZ REQUESTED A LOAN FOR $8,500 FOR THE PURCHASE OF A TELEVISION AND AGREED TO PAY A TOTAL OF $980 IN INTEREST. THAT
HOW MUCH WILL YOU HAVE TO PAY AT THE END OF THE ESTABLISHED TERM?
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- Find the annual homeowners insurance premium on a masonry home located in zone 1 if the home is insured for $237,000. The owner chooses a $1,500 deductible and has good credit. E Click the icon to see a hypothetical table of Estimated Annual Homeowners Insurance Premium Rates per $100 of Face Value. The annual homeowners insurance premium is $ (Simplify your answer. Type an integer or a decimal.)Subject: Mathematics in the Modern World (MMW) - Ms. Althea Jordao purchases a home worth Php 1,200,000 with a down payment of 15%. Then she loan the balance from the bank that charges 7.5% annual interest to be paid for 20 years. a. What must be the amount of the mortgage loan? b. What is the monthly mortgage payment? c. How much is the amount of interest paid on the loan over 20 years?Not use excel to solve Allison pays $27,506.28 for an annuity due today. This annuity will pay her $1,750 at the beginning of each month for n months with the first payment coming today. If i(12) = 0.12, find n. Round your answer to the nearest integer. Answer should be 17. Please show steps and formulas used.
- Use the given spreadsheet formulas for each question below. Write down your calculations and/or what you type into excel to show your work, as well as the final answer. Answer each question with a complete sentence response. No credit will be given if the Excel/sheets syntax is not provided. Round your answer to the nearest cent. 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?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 HFind the amount of the down payment (rounded to the nearest hundred dollars) necessary for the buyer to afford the monthly payments for the described home. (Use this table to calculate your answer.) Monthly salary of $1,680, with monthly bills of $235; $89,000 home with a 30-year 9% loan Need Help? Read It Watch It
- Someone needs to borrow $13,000 to buy a car and the person has determined that monthly payments of $250 are affordable. The bank offers a 4-year loan at 8% APR, a 5-year loan at 8.5%, or a 6-year loan at 9% APR. Which loan best meets the person's needs? Explain. Question content area bottom Part 1 Which loan best meets the person's needs? (Round to the nearest cent as needed.) A. The third loan best meets the person's needs because the monthly payment of $ enter your response here is less than the maximum budgeted amount of $ per month. B. The first loan best meets the person's needs because the monthly payment of $ enter your responseCathy borrowed $24,000 to buy a new car and expects to pay $400 per month for the next 3 years to pay off the loan. What is the loan's annual rate of interest? m Nper (or N) =n*m Rate (or I/Y)=i/m PV PMT FV Identify variables and use excelMs. Dory asks Axis Bank to lend her Rs. 100 today. She says she will not be able to pay anything at the end of the first & second years but will pay the entire loan amount due at the end of 3rd year. Tenor Borrowing/Lending Rates 1 yr 3.5% 2 yr 5.5% 3 yr 7.5% What combination of products would enable Ms. Dory to ascertain the amount that should be repaid at the end of 3 years? Skip
- Yesenia purchased a car for $16,789.23. She obtained a 72 month term loan at an interest rate of 3.74%. Her monthly payment is $260.69. Using the following balance function to select the appropriate input values to calculate the balance owed after the 60th payment. ir 1+ 12 121 - 1 B(t) = Bo 121 - M Bo= I Select ) %3D | Select ) М [ Select ] [ Select I3. Trudy takes out an easy access loan for $500. It cost her $10 for every $100 and a one-time fee of $150. How much did it cost Trudy to get the loan for $500? A $250 B $300 C $200 Not HereKim is shopping for a car. She will finance $14,000 through a lender. The table to the right shows the monthly payments per thousand dollars borrowed at various APRs and terms. Use the table to answer parts (a) through (c) below. APR, r 4 Term, t (in years) 5 6 7 8 0.05 $23.03 $18.87 $16.10 $14.13 $12.66 0.055 $23.26 $19.10 $16.34 $14.37 $12.90 0.06 $23.49 $19.33 $16.57 $14.61 $13.14 0.065 $23.71 $19.57 $16.81 $14.85 $13.39 0.07 $23.95 $19.80 $17.05 $15.09 $13.63 0.075 $24.18 $20.04 $17.29 $15.34 $13.88 (a) One lender offers Kim an APR of 6% for a 6-yr term. What would be the amount of Kim's monthly payment? $