Michelle bought a new car for $38,000. She paid a 20% down payment and financed the remaining balance for 60 months with an APR of 5.5%. Determine the monthly payment that Michelle pays. Round your answer to the nearest cent, if necessary.
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Michelle bought a new car for $38,000. She paid a 20% down payment and financed the remaining balance for 60 months with an APR of 5.5%. Determine the monthly payment that Michelle pays. Round your answer to the nearest cent, if necessary.
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- Jenna bought a new car for $39,000. She paid a 10% down payment and financed the remaining balance for 48 months with an APR of 4.5%. Determine the monthly payment that Jenna pays. Round your answer to the nearest cent, if necessary.Jenna bought a new car for $28,000. She paid a 20% down payment and financed the remaining balance for 36 months with an APR of 3.5%. Assuming she makes monthly payments, determine the total interest Jenna pays over the life of the loan. Round your answer to the nearest cent, if necessary.Brooke bought a new car for $32,000. She paid a 20% down payment and financed the remaining balance for 48 months with an APR of 4.3%. Assuming she made monthly payments, determine the total cost of Brooke's car. Round your answer to the nearest cent, if necessary.
- Jenelle bought a home for $370,000, paying 18% as a down payment, and financing the rest at 4.6% interest for 30 years. Round your answers to the nearest cent. How much money did Jenelle pay as a down payment? $ What was the original amount financed? $ What is her monthly payment? $ If Jenelle makes these payments every month for thirty years, determine the total amount of money she will spend on this home. Include the down payment in your answer. $Christina bought a new car for $32,000. She paid a 20%down payment and financed the remaining balance for 60 months with an APR of 5.5%. Determine the monthly payment that Christina pays. Round your answer to the nearest cent, if necessary.Jessica borrows $1,000.00 from a credit card company at 25% annually for two years. Determine Jessica’s monthly payment. Show your work.
- Christina bought a new car for $ 25,000. She paid a 10% down payment and financed the remaining balance for 36 months with an APR of 3.5%. Determine the monthly payment that Christina pays.Blake bought a new car and financed $15,000 to make the purchase. He financed the car for 60 months with an APR of 5.5%. Assuming he made monthly payments, determine the total interest Blake paid over the life of the loan. Round your answer to the nearest cent, if necessary.Chiara purchased a new natural qas barbecue for $2,200 and made a down payment that was 30% of the purchase price. She financed the remaining balance for 9 months at an annual interest rate of 5.5% compounded monthly. What is Chiara's monthly payment? (Round your answer to the nearest cent.)
- Amy bought a new car for $38,000$38,000. She paid a 20%20% down payment and financed the remaining balance for 4848 months with an APR of 4.5%4.5%. Assuming she makes monthly payments, determine the total interest Amy pays over the life of the loan. Round your answer to the nearest cent, if necessary.Carter bought a new car and financed $25,000 to make the purchase. He financed the car for 60 months with an APR of 5.5%. Assuming he made monthly payments, determine the total interest Carter paid over the life of the loan. Round your answer to the nearest cent, if necessary.Jerry signs a $16,000 loan for the purchase of a new car. The terms is for 48 months, at an interest rate of 4.8%. What is Jerry’s monthly payment? You must show the formulas with the values filled in.