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?

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.

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.

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

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

A currency future is...

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

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:

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.