Tabitha had to pay her friend $1,200, 3 months ago and he has to pay $510 in 4 months. If her friend was charging her an interest rate of 0.80% per month, payment would settle both payments today? what single
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- Jane took out a loan from the bank today for X. She plans to repay this loan by making payments of $520.00 per month for a certain amount of time. If the interest rate on the loan is 1.12 percent per month, she makes her first $520.00 payment later today, and she makes her final monthly payment of $520.00 in 7 months, then what is X, the amount of the loan? O An amount less than $3,501.00 or an anmount greater than $4,238.00 O An amount equal to or greater than $3,501.00 but less than $3,739.00 O An amount equal to or greater than $3,739.00 but less than $3,980.00 O An amount equal to or greater than $3,980.00 but less than $4,081.00 O An amount equal to or greater than $4,081.00 but less than $4,238.00Tabitha had to pay her friend $900, 4 months ago and she has to pay $630 in 4 months. If her friend was charging her an interest rate of 1.00% per month, what single payment would settle both payments today?Klipling wants to have $43257 for a down payment on a house ten years from now. She can either deposit one lump sum today or she can wait two years and deposit a lump sum. Assume an annual interest rate of 2.3%. How much additional money must she deposit if she waits for two years rather than making the deposit today? O 757.32 O 774.73 O 1532.05 O 1640.21 O1603.33
- Chelsea was supposed to pay Jacob $4,800, 6 months ago, and $1,500, 5 months from now. If she wants to reschedule these payments with two payments, one payment of $3, 100 today and the balance 3 months from now, calculate the balance amount. Assume that the simple interest charged is 5.25% p.a. and the agreed focal date is 3 months from now.You borrow $5000 from a family member and agree to pay it back in 5 months. Because you are part of the family, you are only being charged an interest at the rate of 0.5% per month. How much will you owe after 6 months? How much is the interest? What is the effective interest rate? What is the corresponding nominal 1. rate?Jeanette took out a loan from the bank today for X. She plans to repay this loan by making payments of $100.00 per month for a certain amount of time. If the interest rate on the loan is 0.66 percent per month, she makes her first $100.00 payment later today, and she makes her final monthly payment of $100.00 in 12 months, then what is X, the amount of the loan? A O An amount less than $1,153.00 or an anmount greater than $1,324.00 O An amount equal to or greater than $1,153.00 but less than $1,199.00 O An amount equal to or greater than $1,199.00 but less than $1,245.00 O An amount equal to or greater than $1,245.00 but less than $1,275.00 O An amount equal to or greater than $1,275.00 but less than $1,324.00
- Anna plans to buy an apartment for $152844. she wants to make a down payment of $23646 and to take out a 27yr mortgage for the remaining amount. if money is compounded monthly at 6.67% how much must she pay each month?Kipling wants to have $43256 for a down payment on a house ten years from now. She can either deposit one lump sum today or she can wait two years and deposit a lump sum. Assume an annual interest rate of 1.4%. How much additional money must she deposit if she waits for two years rather than making the deposit today? A. 1076.20 B. 512.53 C. 1032.23 D. 519.70 E. 1061.343) Jennifer buys a $300,000 house and pays $100,000 down. The loan is for 30 years and is at 4% compounded monthly. The monthly payment is: $954.84 a) how much of the 100th payment goes to interest? b) how much of interest is paid for the entire loan?
- Jessica charges $8500 to a credit card with a 15.54% interest rate. (a) If Jessica makes a payment of $185.56 each month, how many payments will it take to retire the balance? (b) If Jessica doubles the payment to $371.12, how many payments will it take to retire the balance? (c) If Jessica pays $371.12 each month instead of $185.56, how much will she save in interest charges? (a) It will take payments to pay off the debt. (Round up to the nearest integer as needed.)Jon buys a car for $25,000. He pays $5000 down and pays the balance in 60 equal monthly payments. If the interest rate is 4% monthly, what is the size of the monthly payment?The MacEacherns wish to buy a new house that costs $279,000. The bank charges 5.25% interest. A) If the MacEacherns take out a 20-year mortgage, what will their monthly payment be? B) How much total interest will the MacEacherns pay if they only paid the minimum monthly payment found int part A and paid for the entire 20 years? C) If the home insurance premium for the year will be $1,224 and they will need to pay an annual property tax amount of $2,136, what is the PITI? D) What is the finance charge for the first payment? E) How much of the first monthly payment will go toward the balance/principal? F) What is the new balance on the loan?