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Kindly answer the questions below Q1. Q2. Q3. Wilfredo bought a new boat for $22,400. He paid $2,500 for the down payment and financed the
Kindly answer the questions below
Q1.
Q2.
Q3.
Wilfredo bought a new boat for $22,400. He paid $2,500 for the down payment and financed the rest for 4-years at an annual interest rate of 4%. Use the table to find the monthly payment for the amortized loan. Find the total interest paid on the loan. Click the icon to view a table of monthly payments on a $1,000 loan. Monthly Payment on a $1,000 loan The monthly payments for this loan are $0. (Round to the nearest cent as needed.) The total interest he paid on this loan is $ (Round to the nearest cent as needed.) Number of Years for the Loan Annual Interest Rate 3 4 10 20 30 4% $29.53 $10.12 $6.06 $4.77 5.37 5% $22.58 23.03 23.49 29.97 10.61 6.60 6% 30.42 7.16 6.00 11.10 12.13 8% 31.34 24.41 8.36 7.34 10% 32.27 13.22 9.65 8.78 25.36 26.33 12% 33.21 14.35 11.01 10.29 Enter your answer in each of the answer boxes. At age 21 Julio begins saving $1,150 each year until age 35 (15 payments) in an ordinary annuity paying 5.5% annual interest compounded yearly and then leaves his money in the account until age 65 (30 years). His friend Max begins at age 41 saving $2,300 per year in the same type of account until age 65 (25 payments). How much does each have in his account at age 65? in his account. At age 65, Julio has $ in his account and Max has $ (Round to the nearest cent as needed.) Emily took out a 36-month, $3,000 add-on loan at an annual interest rate of 5.4% to visit China. Find the annual percentage rate for the loan using the APR table. Click the icon to view the annual percentage rate table. The annual percentage rate is %. 1 Annual Percentage Rate Table -X Finance Charge per $100 APR 11% 12% 13% 10% 14% 15% 16% Number of Payments 6 12 24 36 48 $2.94 $3.23 $3.53 $3.83 $4.12 $4.42 $4.72 $5.50 $6.06 $6.621 $7.18 $7.74 $8.31 $8.88 $10.75 $11.86 $12.98 $14.10 $15.23 $16.37 $17.51 $16.16 $17.86 $19.57 $21.30 $23.04 $24.80 $26.57 $21.74 $24.06 $26.40 $28.77 $31.17 $33.59 $36.03
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