Question: Tracy is borrowing $6,900 on a six-year, 15 %, add-on interest loan. What will Tracy's monthly payments be? Tracy's monthly payments will be $ ?

Tracy is borrowing $6,900 on a six-year, 15 %, add-on interest loan. What will Tracy's monthly payments be? Tracy's monthly payments will be $ ? (Round to the nearest cent.) Lucas wants to buy a used car that will cost $5,100. How much will his monthly payment be if he puts $2,500 down and finances the remainder at 5% for two years? His monthly payment will be $___? Mary and Marty are interested in obtaining a home equity loan. They purchased their house five years ago for $125,000, and it now has a market value of $165,009. Originally, Mary and Marty paid $26,328 down on the house and took out a $ 98 comma 672 mortgage. The current balance on their mortgage is $93 comma 504 The bank uses 65% of equity in determining the credit limit. What will their credit limit be if the bank bases their credit limit on equity invested and will loan them 65% of the equity? If the bank bases their credit limit on equity invested and will loan the 65% of the equity, their credit limit will be $___? (Round to the nearest dollar.)
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