Lloyd and Linda pearl want to remodel the dining room in their house. The estimated cost for the job is $6890. They pay 30% of the cost up front and finance the rest at 15% for 48 months. What is the down payment? What is the amount financed? What is the monthly payment?

Answers

Answer 1

Answer:

The down payment is $2,067, the amount financed is $4,823, and the monthly payments are $115.55.

Explanation:

Given that Lloyd and Linda Pearl want to remodel the dining room in their house, and the estimated cost for the job is $ 6890, and they pay 30% of the cost up front and finance the rest at 15% for 48 months, to determine what is the down payment, what is the amount financed and what is the monthly payment, the following calculations must be made:

6890 x 0.3 = 2,067

6,890 - 2,067 = 4,823

(4,823 x 1.15) / 48 = 115.55

Therefore, the down payment is $ 2,067, the amount financed is $ 4,823, and the monthly payments are $ 115.55.


Related Questions

choose the correct definition for interest
A. a percent amount of money charged for borrowing money
B. Earned on the original principal and interest earned
C. Per 100
D. Percent paid based on the original principal investment
E. Average distance of all data values from the mean of the set

Answers

Answer:

a

Explanation:

___Information pertains to the problem and hand
A) accurate
B) complete
C) relevant
D) timely

Answers

Timely is the answer

What is most likely to cause a rise in expenditure in an economy?

a. A rise in consumer confidence

b. A rise in income tax

c. A reduction in wealth

d. A more uneven distribution of income.

Answers

Answer:

B

Explanation:

because b i think gimme vbucks

Suppose the government of Mexico runs a budget deficit. This will result​ in: A. an increase in interest rates in Mexico and an increase in the value of the peso relative to other currencies. B. a decrease in interest rates in Mexico and an increase in the value of the peso relative to other currencies. C. a decrease in interest rates in Mexico and a decrease in the value of the peso relative to other currencies. D. an increase in interest rates in Mexico and a decrease in the value of the peso relative to other currencies.

Answers

Answer:

I belive Is A Please Tell me if I'm wrong or right

A currency future is...

a - an exchange rate.
b - an exchange control.
c - a contract.
d - a floating currency.

Answers

Answer:

D

Explanation:

Currency futures are a exchange-traded futures contract that specify the price in one currency at which another currency can be bought or sold at a future date. ... Currency futures can be used to hedge other trades or currency risks, or to speculate on price movements in currencies.

Answer:

c

Explanation:

a contract.

The act that prohibits hacking, the use of cookies, creating viruses, or using click-stream data to obtain personal
information about individual computers that surf the Web:

Answers

Answer:

ECPA

Explanation:

The Electronic Communications Privacy Act prohibits all of those things specifically, according to the Business Law Edge lesson.

Other Questions
Look at the figure below.Choose all the names that describe the figure.A. squareB. rhombusC. rectangleD. trapezoidE. quadrilateralF.parallelogram Are the triangles below similar? Explain your answer. Compare and contrast the way the two authors present information about Spider-Man in these articles. Describe similarities and differences in the authors purposes, their points of view, and the facts they chose. Use at least four details from the articles to support your response. The reason Senators are in office for 6 years is....( No links pls or Im reporting you :)1) To separate Senators from the whims of thegeneral public.2) to save money in elections3) Because Senators are required to be olderthan representatives Harry Please help me Due 12:00 PmThe purpose of the Endangered Species Act is to protect endangered-Species and the habitats they live inSpecies onlyHabitats where endangered species liveHabitats only explain how the Renaissance changed European society If x2 = 10, what is the value of x? O I/10 O120 05 O +20 how conditions on Earth would be different if its axis of rotation were vertical instead of tilted. Al multiplicar dos nmeros negativos obtenemos como resultado un nmero What type of activity is not included in the First Amendment's guarantee of freedom of the press? A. Publishing material that reports on threats to national security B. Publishing made-up stories set in the real world C. Publishing false, damaging information about people D. Publishing opinions that are critical of the government PLEASE HELP ME write a short paper about people's willingness to believe in sensational subjects. 16. In the process of digestion, food gets ready to exit the body. Which is another body system that aids in waste removal? A. Excretory A. Excretory B. Endocrine B. Endocrine C. Skeletal C. Skeletal D. Nervous 1. What is Eva Peaces relation to Sula? Ratio tables whats the missing ratio A plate of uniform areal density is bounded by the four curves: where and are in meters. Point has coordinates and . What is the moment of inertia of the plate about point HELPPP PLSSS 8TH GRADE MATH!!!!! Evaluate the expression [(18 2 + 54 9) 2] 2. PLEASE EXPLAIN I KNOW ITS 60 Cookies cost $3.50 per package. How many packages of cookies can Gail buy if she has \$42 .00? Write an equation and solve. GGUM Grammer I Need Help Asap The surface area of a cube is 96 square inches. What is the length of an edge of the cube, in inches?plz help, 7th grade math