A student borrows $6000 for tuition to be paid back at a simple interest rate of 5% in 3 months. How much does hehe pay back in 3 months?

A student borrows $6000 for tuition to be paid back at a simple interest rate of 5% in 3 months. How much does hehe pay back in 3 months?

sarah is paying $2,400 to have a hot tub installed. she sets up an installment plan with the company that requires a 20% down payment. she currently has $500.25 in savings does she have enough to...

A bank offers a CD that pays a simple interest rate of 8.5%. How much must you put in this CD now in order to have 4,000 for a home-entertainment center in 5 years. PLEASE SHOW ALL...

$500 are deposited into an account quarterly for five years at an interest rate of 7.7% compounded quarterly. How much is in the account at the end of the 5 years? PLEASE SHOW ALL...

25. Emile bought a car for $24,000 three years ago. The loan had a 5 year term at 3% interest rate. How much does he still owe on the car?

27. Pat deposits $6,000 into an account earning 4% compounded monthly. How long will it take the account to grow to $10,000?

29. James has $3,000 in credit card debt, which charges 14% interest. How long will it take to pay off the card if he makes the minimum payment of $60 a month?

Nestor is building a new swimming pool for $11,000. He makes a $2,000 down payment and the builder gives him an add-on loan, charging him an annual interest rate of 7.6%. If he takes a 4-year loan,...

$500 are deposited into an account semiannually for six years at an interest rate of 5.5% compounded semiannually. How much is in the account at the end of the 6 years? PLEASE SHOW...

Lucia and Randy have signed a contract to purchase a home. The closing date is March 27, and the buyer owns the property on the day of closing. The selling price of the home is $852,500. Lucia and...

Create your own scenario of purchasing a home and include the mortgage amount. Solve for each calculation below and show your work. 1. Calculate the documentary stamp tax on the mortgage if this...

Laurie is financing $360,000 to purchase a house. How much money will she save over the life of 30-year, fixed-rate loan by buying 3 points with a rate of 6.275% instead of not buying points with...

Purchasing discount points is a decision which can be financially justified or not justified. Create a unique example where purchasing discount points is justified, solve the problem, and explain...

224 23. You want to buy a $200,000 home. You plan to pay 10% as a down payment, and take out a 30 year loan for the rest. a. How much is the loan amount going to be? b. What...

Hector and Yolanda want to establish a fund for their grandson's college education. What lump sum must they deposit at a 10.7% annual interest rate, compounded quarterly, in order to have $40,000...

You would like to have $74,000 available in 15 years. There are two options. Account A has a rate of 4.5% compounded once a year. Account B has a rate of 4% compounded daily. How much would you have...

The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate. Principal: $80,000 Rate: 2.5% Compounded: daily Time: 17...

How many months would it take for a $5065 debt to increase to $6127 if interest compounds every 4 months at an annual rate of 5.9%?

Round to nearest cent if possible

Round to nearest cent if possible