1)Sarah took out a personal loan for $4,000. The term of the loan is 3 years, and the interest rate is 7.5%. Her monthly payment is $124.42, and this payment includes both principal and interest. For the first monthly payment, determine the amount of the payment that goes toward principal. $99.42 $77.76 $25.00 $27.99 $96.43 2) Gary took out a 36-month loan to buy a new car. He borrowed $19,900 at an interest rate of 4.9%. His monthly payment (interest and principal) is $595.53. How much will Gary owe after he has made 14 payments? $12,161.11 $12,506.02 $7,738.89 $8,087.55 $13,678.99 3) Find the sales tax on a $21.33 purchase if the sales tax rate is 5 1/8%. $0.02 $22.42 $5.12 $1.09

1)Sarah took out a personal loan for $4,000. The term of the loan is 3 years, and the interest rate is 7.5%. Her monthly payment is $124.42, and this payment includes both principal and interest. For...

1)Sarah took out a personal loan for $4,000. The term of the loan is 3 years, and the interest rate is 7.5%. Her monthly payment is $124.42, and this payment includes both principal and interest. For the first monthly payment, determine the amount of the payment that goes toward principal.

$99.42

$77.76

$25.00

$27.99

$96.43

Gary took out a 36-month loan to buy a new car. He borrowed $19,900 at an interest rate of 4.9%. His monthly payment (interest and principal) is $595.53. How much will Gary owe after he has made 14 payments?

$12,161.11

$12,506.02

$7,738.89

$8,087.55

$13,678.99

Find the sales tax on a $21.33 purchase if the sales tax rate is 5 1/8%.

$0.02

$22.42

$5.12

$1.09

Jun 04, 2022

SOLUTION.PDF

1)Sarah took out a personal loan for $4,000. The term of the loan is 3 years, and the interest rate is 7.5%. Her monthly payment is $124.42, and this payment includes both principal and interest. For...

Get Answer To This Question

Related Questions & Answers

Submit New Assignment