Intro to Credit & Loans

Sam buys a new living room set that costs $3,850 that requires a 15% down payment. How much is the down payment?

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Charlie wants to buy a car that costs $37,000. He signs a credit agreement that requires a 20% down payment. How much is the down payment?

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Tina wants to purchase a new washer and dryer for $4,500. She signed an installment agreement requiring a 15% down payment and monthly payments of $250 for 18 months. How much will Tina pay for the washer and dryer on this installment plan?

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Rachel bought a $7,500 jet ski on an installment plan that requires a 10% down payment and 18 monthly payments of $415 each. How much will Rachel pay for the jet ski on this installment plan?

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Sierra bought a $1,750 computer on an installment plan. She makes a down payment of $175 and has to make monthly payments of $150 for one year. How much will Sierra pay for the computer on this plan?

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Use the loan calculator to find the monthly payment.

Tyler bought a new car. The total amount he needs to borrow is $3,475. He plans on taking out a 6 year loan with an APR of 7.8%. What is the monthly payment?

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Use the loan calculator to find the monthly payment.

Beth is taking out a 5 year loan for $18,255. If she has an APR of 6.3%, what is the monthly payment?

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Use the loan calculator to find the monthly payment.

Jody is taking out a 4 year loan for $8,650 with an APR of 7.8%. What is the monthly payment?

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Use the loan calculator to find the monthly payment.

Caitlin is going to buy a new air conditioning unit that cost $6,500. She plans on taking out a 4 year loan with an APR of 7.5%. What is the monthly payment?

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Use the loan calculator to find the monthly payment.

Jacob is taking out a 5 year loan for 15,450. If he has an APR of 8%, what is the monthly payment?

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