Lupe made a down payment che purchase price, she has monthly. Under the terms of
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- Lupé made a down payment of $7000 toward the purchase of a new car. To pay the balance of the purchase price, she has secured a loan from her bank at the rate of 9%/year compounded monthly, Under the terms of her finance agreement she is required to make payments of $410/month for 24 months. What in the cash price aof the car? (Round your answer to the nearest cent.)Lupe made a down payment of $2000 toward the purchase of a new car. To pay the balance of the purchase price, she has secured a loan from her bank at the rate of 13%/year compounded monthly. Under the terms of her finance agreement she is required to make payments of $250/month for 24 months. What was the cash price of the car? (Round your answer to the nearest cent.) $Lupé made a down payment of $5000 toward the purchase of a new car. To pay the balance of the purchase price, she has secured a loan from her bank at the rate of 8%/year compounded monthly. Under the terms of her finance agreement she is required to make payments of $450/month for 24 months. What is the cash price of the car? (Round your answer to the nearest cent.)
- Lupe made a down payment of $8000 towards the purchase of a new car. To pay the balance of the purchase price, she has secured a loan from her bank at the rate of 12% compounded monthly. Under the terms of her finance agreement, she is required to make payments of $420 per month for 36 months. What is the cash price of the car?A woman decides to purchase a $23000 car, and makes down payment of $3500. She arranges to borrow the remainder from a bank that will charge her 4.5% interest. She will make monthly payments for 4 years. a. Find her monthly payment amount b. determine the total amount she would pay for the car and the total amount of interest paidPeggy made a down payment of $400 toward the purchase of new furniture. To pay the balance of the purchase price, she has secured a loan from her bank at 6%/year compounded monthly. Under the terms of her finance agreement, she is required to make payments of $75.32 at the end of each month for 24 months. What was the purchase price of the furniture
- 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 $).Diane Wallace bought a living-room suite on credit, signing an installment contract with a finance company that requires monthly payments of $55.53 for three years. The first payment is made on the date of signing and interest is 23% compounded monthly. (a) What was the cash price? (b) How much will Diane pay in total? (c) How much of what she pays will be interest? and Based on the cash price calculated in part (a), if the interest rate is changed to 20.3% compounded monthly, what is the new monthly payment?Raia purchases a new car for $32,000 and finances it with a 6-year simple interest loan at a rate of 4.25%. What are Raia's monthly car payments?
- Jasper purchased a car for 47,500. He paid a 20% down payment and financed the rest at 2.88 % for 6 years. Find the amount of down payment the monthly payment and the total interest jasper will have paid at the end of his loan.Elin purchased a used car for $10,500. She wrote a check for $2,500 as a down payment for the car and financed the $8,000 balance. The annual percentage rate (APR) is 6% compounded monthly, and the loan is to be repaid in equal monthly installments over the next three years. Which of the following is most near to Elin's monthly car payment? Choose the correct answer below. OA. Elin's monthly car payment is $205. OB. Elin's monthly car payment is $320. OC. Elin's monthly car payment is $487. OD. Elin's monthly car payment is $244. E. Elin's monthly car payment is $204 wwwCarie purchased a car for $49,000; she paid $4900 as a down payment and financed the balance amount at 3.5% compounded monthly for 4.5 years. What was the amount of interest charged for the entire loan?
