📘 consumer mathematics

1. **Problem Statement:** Tom borrowed 48500 at an annual interest rate of 6.85% for 6 years with monthly payments. We need to find:

1. **State the problem:** Donna borrowed $11,500 at an interest rate of 5.9% for 4 years with monthly payments. We need to find (a) the monthly payment, (b) the total amount to rep

1. **State the problem:** Donna borrowed $11500$ at an annual interest rate of $5.9\%$ for $4$ years with monthly payments. We need to find: (a) Monthly payment

1. **State the problem:** A couple wants to buy a house costing $310,000. The bank requires a 20% down payment. The rest is financed with a 30-year fixed mortgage at 9.5% annual in

1. **State the problem:** Susan Anderson has a mortgage balance of $321,000 on April 1 with an interest rate of 6.2% annually. She makes a monthly payment of $2568. We need to find

1. **State the problem:** Bob invests 1100 for 3 years at an annual interest rate of 1.28% compounded daily. We need to find:

1. **Problem Statement:** Boris wants to buy a car costing $27000. He must pay 20% down payment.