How much total interest would Justin pay over the seven years, and what would be a justification for this added cost

  1. 👍
  2. 👎
  3. 👁
  1. If you post the complete question, we'll try to help you.

    1. 👍
    2. 👎
    Ms. Sue

Respond to this Question

First Name

Your Response

Similar Questions

  1. business math

    Jill Ley took out a loan to pay for her child's education for $60,000. The loan would be repaid at the end of 8 years in one payment with an interest of 6 percent. The total amount Jill has to pay back at the end of the loan is:

  2. Math

    If lucy borrows the money (20 000) from the bank and agrees to pay it back over four years,how much interest will she pay at an interest rate of 12 percent

  3. mathematics

    james took out a simple interest account three years ago. he has earned $360 in interest so far if his original loan amount was for $30,000 and she is paying off the loan over 20 years, ow much will he pay altogether?

  4. Math

    Fritz benjamin buys a car costing $8300. He agrees to make payment at the end of each month period for 8 years. He pays 7.2% interest compounded monthly. what is the amount of each payment? find the total amount of interest fritz

  1. finance

    You borrow $149,000 to buy a house. The mortgage rate is 7.5 percent and the loan period is 30 years. Payments are made monthly. If you pay for the house according to the loan agreement, how much total interest will you pay?

  2. 10 Pre algebra questions

    Review Directions: Use the interest formula to solve each of the following problems. 1) Cathy borrows $3280 at 0.3% simple interest per month. When Cathy pays the loan back 9 years later, what is the total amount that Cathy ends

  3. math

    Assume a 30 month CD purchased for 2000 pay simple interest at an annual rate of 5.5%. How much total interest does it turn what is the balance at maturity. They want to know the total interest and the balance at maturity and they

  4. Math

    Maya bought a car for $15,000. To pay for it, she took a bank add-on interest loan at an annual interest rate of 9%. The loan term is 5 years. How much interest will she pay and what are her monthly payments?

  1. Algebra( check my answers)

    1. Juan deposited $200 in a savings account earning 3% interest over 2 years. What was the total amount of interest earned after 2 years? $12 $24 $120 ( my answer) $240 2. Mary borrowed $11,000 at 5% interest for 4 years. What was

  2. Finance Math

    1. Your average daily balance on your charge card for the month of July is $855.28. If your card carries an annual interest rate of 15.4%, what will your finance charge be for July? 2. You buy a car from your neighbor at a price

  3. Financial Management

    Proctor Micro-Computers, Inc. requires $1,200,000 in financing over the next two years. The firm can borrow the funds for two years at 9.5 percent interest per year. Mr. Procter decides to do economic forecasting and determines

  4. math

    Bill takes a lot of $9,000 and an 8% simple interest rate for 6 years How much interest will Bill pay after 2 years? How much interest will he pay in total for the loan ? $720.00;3,600.00 $1,408.00;4,224.00* $36,000.00;12,000.00

You can view more similar questions or ask a new question.