Krystal bought a refrigerator from a rental center for $1,050. She makes 16 monthly payments of $112.75 with her credit card. The rental center charges $1.25 for every purchase made with a credit card. What is the total cost of

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  1. Advanced Algebra

    Krystal bought a refrigerator from a rental center for $1,050. She makes 16 monthly payments of $112.75 with her credit card. The rental center charges $1.25 for every purchase made with a credit card. What is the total cost of the refrigerator? My answer

  2. Math

    When Maria Acosta bought a car 2.5 years ago, she borrowed $10,000 for 48 months at 7.8% compounded monthly. Her monthly payments are $243.19, but she'd like to pay off the loan early. How much will she owe just after her payment at the 2.5 year mark?

  3. math

    Karen and Wayne need to buy a refrigerator because theirs just broke. Unfortunately, their savings account is depleted, and they will need to borrow money in order to buy a new one. Sears offers them an installment loan at 16% (add-on rate). If the

  4. Math

    Customers have two options when renting video games from a rental store. Plan A requires a $5 monthly fee and a $1 per video rental. Plan B requires $8 monthly fee and $0.75 per video rental. How many video rentals would be required each months for the

  5. UOP

    Assuming Alexa receives $20,000 in gross rental receipts, answer the following questions: a. What effect does the rental activity have on her AGI for the year? b. Assuming that Alexa’s AGI from other sources is $90,000, what effect does the rental

  6. MATH

    Levi would like to use a credit card to make a $3000 purchase. He is considering two credit options. The first requires a down payment of $1000 followed by monthly payments of $125. The second requires a down payment of $1300 followed by monthly payments

  7. math help please

    Sue Stitch buys a sewing machine. The price, including tax, is $575.00. She finances the sewing machine over 24 months after making a $25 down payment. The true annual interest rate is 15%. What are Sue's monthly payments (principal plus interest)? To the

  8. MATH

    Felicia pays for $3000.00 in home repairs using a credit card with a 17% APR. She makes $200.00 monthly payments. How much will she pay in interest and fees?

  9. Math

    Steven is moving to another city next weekend and wants to rent a moving truck. The rental rates for two companies in his area are shown below. Each company charges an initial fee for renting the truck, plus an additional amount per mile. Company 1: Miles:

  10. mathematics

    The monthly loan payment was calculated at 119 payments of $330.38 plus a final payment of $329.73 Loan balance: $25,000.00 Loan interest rate 10.0% Monthly loan payment: $330.38 Number of payments: 120 Cumulative Payments: $39,644.05 Total Interest paid:

  11. Math (One Step Inequalities)

    It costs $100 to join a fitness center plus a monthly fee. You spent $700 last year at the fitness center. How much was the monthly fee? Write and solve an equation to determine the monthly fee.

  12. math

    Henry Devine bought a new dishwasher for 320. He paid 20 down and made 10 monthly payments of 34. What actual yearly interest rate did Henry pay? using this formula r=2mI/p(n+1) i got this r=2(12)(20)/300(10+1)= but i don't know what to do next . can you

  13. math

    Tim Worker buys a new sofa for $629.95. He pays 25% down and takes an installment loan to complete the purchase. He makes 12 payments which include his principal and a $60.00 finance charge. What is the APR on his loan to the nearest tenth? The down

  14. Algebra

    Suppose Alice buys a car and obtains a 5 year loan for $25,000 at an interest rate of 6%. Suppose A is the amount borrowed, r is the interest rate (in decimal form), and m is the total number of monthly payments. Let w = (r)/(12) Then the formula to

  15. math

    Karen and Wayne need to buy a refrigerator because theirs just broke. Unfortunately, their savings account is depleted, and they will need to borrow money in order to buy a new one. Sears offers them an installment loan at 15% (add-on rate). If the

  16. math forgot questions

    a new refrigerator costs $2495. It may be purchased for $95 down and 24 monthly payments of $125 eachI forgot questions What is the total cost of the refrigerator if you finance it? b) What are the finance charges (total interest)?

  17. ALGEBRA

    Find the APR for the following loan (monthly payments). (Round your answer to the nearest full percent.) Purchase a refrigerator for $2,100 at 20% add-on interest for 3 years.

  18. Math

    The monthly loan payment was calculated at 119 payments of $348.33 plus a final payment of $347.54. Loan Balance: $30,000.00 Loan Interest Rate: 7.00% Monthly Loan Payment: $348.33 Number of Payments: 120 Cumulative Payments: $41,798.81 Total Interest

  19. college, math

    Karen and Wayne need to buy a refrigerator because theirs just broke. Unfortunately, their savings account is depleted, and they will need to borrow money in order to buy a new one. Sears offers them an installment loan at 12% (add-on rate). If the

  20. Mathematics

    I really need help with these three questions. Thank You. 1. Calculate the finance charge and new balance using the previous balance method. Previous balance = $179.32 Annual rate = 16% Finance charge $ ? New purchases = $117.42 Payments/credits = $85.00

  21. Math

    Josh borrows some money on which he makes monthly payments of $125.43 for 3 years. If the interest rate is 5.4%/a compounded monthly, what will be the total amount of all of the payments at the end of the 3 years?

  22. mathematics

    Allan makes two payments a year of $337 each for real estate taxes. He makes six payments a year of $216 for auto insurance. How much must he budget monthly to cover these fixed expenses? 2 How much will it cost to mail a first-class letter that weighs 2.8

  23. finance

    I am borrowing $10,000 for 5 years at 9%. payments, which are made on a monthly basis, are determined using the add-on method. 1. how much total interest will i have to pay on the loan if it is held for the full 5 year term. 2. what are my monthly

  24. math URGENT HELP

    Mr. Hobbs was just about to take out a home mortage of $120,000 for 20 yrs at the rate of 10.0% compounded monthly. The monthly payments would have been $1158.03. But a competitive bank offered him a 30 yr mortgage at 9,5% which has monthly payments of

  25. Math

    Tim Worker buys a new sofa for $549.95. He pays 20% down and takes an installment loan to complete the purchase. He makes 12 payments which include his principal and a $50.00 finance charge. What is the APR on his loan? The down payment is $ The amount

  26. consumer math

    Tim Worker buys a new sofa for $629.95. He pays 25% down and takes an installment loan to complete the purchase. He makes 12 payments which include his principal and a $60.00 finance charge. What is the APR on his loan to the nearest tenth? The down

  27. Finance Help! 3 questions

    Hi, i was wondering if someone could please help me with these 3 finance questions. it would be must appreciated 1. you receive payments of 1000 dollars every 8 montsh for the next 9 years. the first payment will occur 8 months from today. there will be a

  28. math

    Karen and Wayne need to buy a refrigerator because theirs just broke. Unfortunately, their savings account is depleted, and they will need to borrow money in order to buy a new one. Sears offers them an installment loan at 13% (add-on rate). If the

  29. Math

    Henry bought a new dishwasher for $320. He paid $20 down and made 10 monthly payments of $34. What actual yearly interest did Henry pay? 1 - 14.55 2 - 29.09 3 - 34.38 4 - 68.75

  30. Math

    Dave takes out a 23-year mortgage of 200000 dollars for his new house. Dave gets an interest rate of 13.2 percent compounded monthly. He agrees to make equal monthly payments, the first coming in one month. After making the 65th payment, Dave wants to buy

  31. accounting

    Assuming Alexa receives $20,000 in gross rental receipts, answer the following questions: a. What effect does the rental activity have on her AGI for the year? b. Assuming that Alexa’s AGI from other sources is $90,000, what effect does the rental

  32. math

    A newlywed couple bought a washer and dryer for $800. They paid 5% down and then paid 12 monthly payments of $65.41. Determine the APR of the loan to the nearest tenth of a percent.

  33. business law

    Secured Transactions in Consumer Purchases Consider the following scenario: Janice buys a refrigerator on credit from Excelsior Appliances. Janice's sales agreement treats the appliance as collateral. Janice loses her job; so, she sells the refrigerator to

  34. math

    The Johnsons have accumulated a nest egg of $19,000 that they intend to use as a down payment toward the purchase of a new house. Because their present gross income has placed them in a relatively high tax bracket, they have decided to invest a minimum of

  35. Business mathematics

    Jenny purchases a piano for rm 7000. She pays down payment of rm 2000 and agrees to pay the balance in 15 equal monthly payments, the first due in one month. If the dealer charges her 5% compounded monthly , find her monthly payment.

  36. economics

    Picabo borrows $1,000. To repay the amount she makes 12 equal monthly payments of $90.30. Determine the following: (a) The effective monthly interest rate (b) The nominal annual interest rate (c) The effective annual interest rate

  37. math

    Kate bought a new car priced at $21,300 with 15% down and the balance in equal payments over 4 years at 7% compounded monthly. Determine the size of the monthly payments? The answer is $433.65 please show me the steps

  38. math

    a new refrigerator costs $2495. It may be purchased for $95 down and 24 monthly payments of $125 each

  39. math 20 (finance)

    Can someone walk me through how I would enter this into the calculator TMV solver. Can it be done? Jeremy has a balance owing of $4000 on his credit card. The credit-card company charges 18.0% annual interest, compounded monthly. 1.) If Jeremy makes

  40. algebra

    A tennis club offers two payment options: Option1: $35 monthly fee plus $4/hour for court rental Option 2: No monthly fee but $6.50/hour for court rental. Let x = hours per month of court rental time. a) Write a mathematical model representing the total

  41. Math

    A company establishes a sinking fund in order to have 100,000 for upgrading office equipments in 4 years. If the company makes fixed monthly payments into an account paying 6.6% compounded monthly, how much should each payment be? How much interest will

  42. Mortgage (gr 11)

    a person purchases a house for 129000. the person makes a down payment of $5000 with the remaining amount on a loan that is paid back over a period of 17 years with monthly payments. the interest rate is 7% compounded semi annually. determine the monthly

  43. Finite Math

    Malika Agwani starts her career at the age of 25 and makes equal monthly deposits for 35 years into an annuity that earns 6.25% compounded monthly. She plans on retiring the age of 60 and would like to withdraw $3000 monthly for 25 years, bringing the

  44. math 20

    Jeremy has a balance owing of $4000 on his credit card. The credit-card company charges 18.0% annual interest, compounded monthly. 1.) If Jeremy makes payments of $300 every month, how much will he still owe after making 12 payments? 2.)Determine the

  45. ALGEBRA

    Find the APR for the following loan (monthly payments). (Round your answer to the nearest full percent.) Purchase a refrigerator for $2,100 at 20% add-on interest for 3 years.

  46. Finance

    I am borrowing $ 10,000 for 5 years at 7% . Payments are made on a monthly basis and are determined using the add- on method. 1: How much total interest will I pay on the loan if I held it for the full 5 year term ? 2 : What would my monthly payments be

  47. Algebra

    Suppose A is the amount borrowed, r is the interest rate (in decimal form), and m is the total number of monthly payments. Let w = (r)/(12) Then the formula to determine the monthly payment amount for a loan is given by (Aw)/1-(1)/ (1+w)^m (a) What is the

  48. math

    Pam bought a new bedroom suit for $2588.she made a down payment of $188 and paid the remaining amount in 24 equal monthly payments.How much did she pay for each monthly payment? 188-24=164 is that how to do it? PLEASE REPLY BACK AND HELP

  49. math

    A new plasma screen tv cost $4600.A family makes a down payment of $136 and pays off the balance in 36 equal monthly payments.Write an equation to find the monthly payment.

  50. Math

    Chris and Carol just bought a $14,000 van and financed it for 5 years at 7% interest. What are the monthly payments?

  51. math

    Chris and Carol just bought a $14,000 van and financed it for 5 years at 7% interest. What are the monthly payments?

  52. College Algebra

    A tennis club offers two payment options: Option1: $35 monthly fee plus $4/hour for court rental Option 2: No monthly fee but $6.50/hour for court rental. Let x = hours per month of court rental time. a) Write a mathematical model representing the total

  53. Math

    Jennifer bought a brand new treadmill on a credit plan at BeFit Exercise Equipment. BeFit will charge her 15% per year compounded monthly. If her monthly payments will be $150 for 4 years, how much was the original price of the treadmill? a) $5,390.72 b)

  54. math

    Mr. Hobbs was just about to take out a home mortage of $120,000 for 20 yrs at the rate of 10.0% compounded monthly. The monthly payments would have been $1158.03. But a competitive bank offered him a 30 yr mortgage at 9,5% which has monthly payments of

  55. college math

    loverdale-Nurseries obtained a $60,000 loan at 7.5% compounded monthly to build an additional greenhouse. Construct a partial amortization schedule for payments of $1000 per month (except for a smaller final payment)showing details of the first 2 payments.

  56. Math

    Joe bought a television for $286.26, including tax. He made a down payment of $50.00 and paid the balance in 6 equal monthly payments. What was Joe's monthly payment for this television? A$41.04 B$39.37 C$44.38 D$31.04

  57. math

    Joe bought a television for $286.26, including tax. He made a down payment of $20.00 and paid the balance in 6 equal monthly payments. What was Joe's monthly payment for this television?

  58. finance

    John borrows $150,000. The terms of the loan are 7.5% over the next 5 years. It is important to note that he makes annual rather than monthly payments. Construct a loan amortization schedule that shows the 5 payments of John's loan.

  59. finance

    The beginning of January 2006, a couple bought a $120,000 house with 10% down and a 30 year mortgage with an annual rate of 6.2%. What are the monthly payments?

  60. accounting

    John borrows $150,000. The terms of the loan are 7.5% over the next 5 years. It is important to note that he makes annual rather than monthly payments. Construct a loan amortization schedule that shows the 5 payments of John's loan. EXCEL TEMPLATE

  61. Corporate Finance

    You have just taken a 30-year mortgage loan for $200,000. The annual percentage rate on the loan is 8%, and payments will be made monthly. Estimate your monthly payments.

  62. math

    You purchase a hot tub costing $4,600 by taking out a 13% add-on interest installment loan. The loan requires a 15% down payment and equal monthly payments for 4 years. How much are your monthly payments?

  63. math

    speakeasy company offers customers a choice between 3 schemes:1st,a monthly charge of $15 + 5cents/ min.2nd,a monthly charge of $5 for the line rental +20 cents/min,3rd a(pay as you go) charge of 35cents/min with no monthly line rental charge.

  64. Algebra

    Suppose A is the amount borrowed, r is the interest rate (in decimal form), and m is the total number of monthly payments. Let w = (r)/(12) Then the formula to determine the monthly payment amount for a loan is given by (Aw)/1-(1)/(1+w)^m Suppose Alice

  65. math

    If a TV set is bought on the installment plan there is a down payment of $25 and 12 monthly payments of $15 each. The same set may be bought for cash at 12% less than the installment price. The amount saved by making a cash payment is:

  66. math

    If a TV set is bought on the installment plan there is a down payment of $25 and 12 monthly payments of $15 each. The same set may be bought for cash at 12% less than the installment price. The amount saved by making a cash payment is:

  67. Math

    A problem is listed below. Identify its type. John bought a new house. He made a $4,500 down payment and financed the rest, $280,000, through his credit union. The credit union charged him 11% per year compounded monthly for 22 years. How much were his

  68. math

    Karen and Wayne need to buy a refrigerator because theirs just broke. Unfortunately, their savings account is depleted, and they will need to borrow money in order to buy a new one. Sears offers them an installment loan at 15% (add-on rate). If the

  69. maths

    If I bought a car at R349000 at 8.75% interest per year and made monthly payments of R5000 per month,what would my total repayment amount be for the car?

  70. math

    Scott purchases a piano costing $2,630 by taking out a 13% add-on interest installment loan. The loan requires a 15% down payment and equal monthly payments for 5 years. How much are Scott's monthly payments?

  71. English

    Can you tell me if I have this correct? I have to identify the adjectives and adverbs in this paragraph. Adjectives: early first huge high several Adverbs: monthly severely monthly ridiculously eventually immediately monthly Like so many people, early in

  72. Maths

    Dave takes out a 27-year mortgage of 200000 dollars for his new house. Dave gets an interest rate of 14.4 percent compounded monthly. He agrees to make equal monthly payments, the first coming in one month. After making the 70th payment, Dave wants to buy

  73. Finance

    Dave takes out a 30-year mortgage of 200000 dollars for his new house. Dave gets an interest rate of 16.8 percent compounded monthly. He agrees to make equal monthly payments, the first coming in one month. After making the 68th payment, Dave wants to buy

  74. math

    What is the payoff for a loan with monthly payments of $359.69, after 26 payments have been made, contract was for 3yrs. at an annual interest rate of 9.2%? need to figure out payoff with 10 payments left, not working out for me

  75. Math

    Dave takes out a 24-year mortgage of 290000 dollars for his new house. Dave gets an interest rate of 14.4 percent compounded monthly. He agrees to make equal monthly payments, the first coming in one month. After making the 68th payment, Dave wants to buy

  76. Math

    Henry Devine bought a new dishwasher for $320. He paid $20 down and made 10 monthly payments of $34. What actual yearly interest rate did Henry pay? A. 68.75 B. 14.55 C. 34.38 D. 29.09 The answer is B?

  77. Math

    Henry Devine bought a new dishwasher for $320. He paid $20 down and made 10 monthly payments of $34. What actual yearly interest rate did Henry pay? A. 68.75 B. 14.55 C. 34.38 D. 29.09 My answer is B.

  78. Maths

    Hi I have post this question before but was not able to get the answer and this is all the information in the questions this is a question for "affordable payments" Please help The Browns’ gross monthly income is $2900. They have 12 remaining payments of

  79. Math

    $32 monthly fee plus $3/hour for rental write a model representing the total monthly cost, C, in terms of X

  80. Math

    Carol is going to buy a new car which will cost her $1,500.00 and borrowing the remainder. If she makes monthly payments of $343.00 for three years, what APR has she paid?

  81. math 4

    Henry Devine bought a new dishwasher for $320. He paid $20 down and made 10 monthly payments of $34. What actual yearly interest rate did Henry pay? A. 29.09 B. 68.75End of exam C. 14.55 D. 34.38 Please explain to me

  82. Finance

    Jessie purchased a notebook for $10,500 using a credit card. She considers two repayment plans. i She makes the minimum monthly payment of $300 offered by the credit card and no other charges are applicable. ii She makes monthly payments of $900 and no

  83. Financing

    Jessie purchased a notebook for $10,500 using a credit card. She considers two repayment plans. i She makes the minimum monthly payment of $300 offered by the credit card and no other charges are applicable. ii She makes monthly payments of $900 and no

  84. Physics

    Can someone, please help me out with this question. A uniform rectangular 91.21 kg refrigerator with height h = 2.069 m and width w = 1.153 m is pushed at a constant velocity across a level floor. The refrigerator is pushed in the horizontal direction

  85. math problem

    --There is a layer of ice four inches thick covering a small pond when the weather arrives and it begins to smelt. It smelts 1/16 inch the first day, 1/8 inch the second day. 1/4 inch the third day, and keeps doubling the amount melted each succeeding day.

  86. Finance

    You are planning to borrow OMR 5,000. You can repay the loan in 40 monthly payments of OMR 147.50 each or 36 monthly payments of OMR 161.34 each. You decide to take the 40-month loan. During each of the first 36 months you make the loan payment and place

  87. Math

    Bob took out a bank loan for 60 000 that must be repaid with regular monthly payments of $1000. The bank charges him an interest rate of 3.0% compounded monthly. How many payments will Bob have to make to pay off the loan? a) 70 b) 59 c) 72 d) 66 I got B

  88. algeba/can you please ck my answer

    Karen and Wayne need to buy a refrigerator because theirs just broke. Unfortunately, their savings account is depleted, and they will need to borrow money in order to buy a new one. Sears offers them an installment loan at 14% (add-on rate). If the

  89. Math

    A mortgage of 200 000 is required to purchase a house. The mortgage will be repaid with equal monthly payments over 25 years at 10% compounded monthly. what is the monthly payment

  90. Math

    determine finance charge rebate. Kelly has a 66 month car loan monthly payments of 382.87. the APR is 22.99%. so far Kelly has paid 25 monthly payments, next week she will receive an inheritance and wants to pay off the loan, there are 41 months left what

  91. Math

    Americans spent an average of 13.6% of their monthly earnings on mortgage payments, whish represented a 41% decrease from the value . what percentage of monthly earnings did Americans spend on mortgage payments.

  92. Math

    $38,000 loan, 60 month/ 5years, 7.5% rate, and the payments are made quarterly not monthly. How much are the payments going to be?

  93. Math

    I'm having a bit of trouble with the following problem. Thanks! Kevin bought a new car for $22,000. He made a down payment of $5,500 and has monthly payments of $406.69 for 4 years. He is able to pay off his loan at the end of 30 months. Using the

  94. Math

    If you purchase a fishing boat for 18 monthly payments of $106 and an interest charge of $238, how much is the refund after 10 payments?

  95. Math

    If you purchase a fishing boat for 18 monthly payments of $106 and an interest charge of $238, how much is the refund after 10 payments

  96. Math

    If you purchase a fishing boat for 18 monthly payments of $106 and an interest charge of $238, how much is the refund after 10 payments?

  97. Calculus

    A $99,000 mortgage for 30 years at 9% APR requires monthly payments of $796.58. Suppose you decided to make monthly payments of $1,100. When would the mortgage be completely paid? I am using a present value of annuity eguation but don't know how to solve

  98. programming logic

    The No Interest Credit Company provides zero-interest loans to customers. (It makes a profi t by selling advertising space in its monthly statements and selling its customer lists.) Design an application that gets customer account data that includes an

  99. Maths

    Firm has a $500,000 loan with 9% APR (compounded monthly) Loan is 5-yr based on a 15-yr amortization, meaning loan payments will be calculated as if you take 15 years to pay off the loan, but actually must do so in 5 yr. To do this, you make 59 equal

  100. Math

    The Johnsons have accumulated a nest egg of $27,000 that they intend to use as a down payment toward the purchase of a new house. Because their present gross income has placed them in a relatively high tax bracket, they have decided to invest a minimum of

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