What is the mortgage amount for a house showing closing costs for a purchase of $212,000 requiring a 20% down payment? The mortgage amount is?

Q: My first 30-year fixed mortgage was for $200,000 at 6.25%. Determine my monthly mortgage payments.

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Q: Bahay ni kuya sold for 3,500,000 pesos and the bank requires 30% down payment, what is the amount of…

A: mortgage = selling price - down payment down payment=selling price (down payment percentage)

Q: What is the annual opportunity cost of a checking account that requires a $300 minimum balance to…

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Q: Find the monthly payment for the loan. (Round your answer to the nearest cent.) New-car financing…

A: Introduction -  Monthly payment formula  A=P(r(1+r)n)(1+r)n-1 where, A=payment amount per period…

Q: What is the maturity value on a 7-year loan for $6,742 if the annual simple interest rate is 3.4%?…

A: Consider the given information. Here, PV=$6,742, n = 7 and r = 3.4%=0.034.

Q: If Sound Design sends in a partial payment of $40,000.00 within the discount period, what is the net…

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Q: oe Clemente bought a stereo costing $600 with $200 down and 10% add-on interest to be paid in 18…

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Q: What is the monthly payment on a 15-year mortgage of $200,000 at 6% interest? What is the total…

A: Let A be the monthly payment. r = interest rate per period = interest rate per month = 6% / 12 =…

Q: A bond has a $11,000 face value, an 8-year maturity, and a 2.75% coupon. Find the total of the…

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Q: Your friend is going to borrow $150,000 using a 30 year mortgage with a 4.25% APR. Which of the…

A: Monthly mortage payment formula for borrowing amount (M), years of mortage (t) and rate of interest…

Q: What would be the monthly payment on an add-on loan from a credit union at 6% over 36 months for the…

A: I solved with detailed analysis

Q: Calculate the missing information for the installment loan that is being paid off early.   Number…

A: Given : Number of payments = 36 Payments made = 24 Payments remaining = 12

Q: What is the APR of a payday loan for $1825 due in 18 days that charges a $135 fee?

A: Given,           The APR of a payday loan for $1825 due in 18 days that charges a $135 fee.

Q: What Is the monthly payment for a $14,000 loan for 6 years with an annual interest rate of 3.8%?

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Q: Consider a 30-year fixed-rate home loan of $419,500 with an interest rate of 3.625%. What is the…

A: The formula to calculate the EMI that is the equal monthly installment is: Here, P is the loan…

Q: Phil Armstrong earns a gross income of $5,355 per month. He has submitted an application for a…

A: Given that, monthly gross income is $5,355,  monthly PITI is $1,492 and  other financial obligation…

Q: Calculate the simple interest due on a 45-day loan of P1,600 if the interest rate is 9%

A: Concept: Here we shall use the formula for simple interest: SI=P×r×t100 Here P is the principal, r…

Q: What are the monthly payments on a mortgage of $60,000 at 9% interest if the loan is to be repaid in…

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Q: the monthly payments necessary on a 5 year loan of $40,000 at 4.75%

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Q: How much is the total interest on Mr. Marc Pogi's loan? * O 1,476,237.922 O 1,154,024.752 O…

A: answer : option a) 1,476,237.922Note* in solution I have calculated the approximate values so the…

Q: Consider the 20-year fixed rate home loan of $185,500 with an interest rate of 6.75% what is the…

A: given, home loan=$185500 r= 6.75% = 0.0675 t=20 years frequency is monthly m= P(r/n) / 1-(1+r/n)-nt

Q: (a) What is the rebate fraction of a 36 month loan paid off after the 13th payment?

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: What is the monthly payment on a 25 year loan of $67,800 if the annual interest rate is 5%?

A: We have Principal loan amount, P = $67,800 Annual interest rate r = 5% = 0.05 Number of monthly…

Q: You want to build a $100,000 college fund in 18 years by making regular, end-of-month deposits.…

A: A = $ 100,000 Y = 18 APR = 3% n = 12

Q: Find the monthly payment on a 30-year fixed mortgage loan of $108,525 if the interest rate is 6 3/4%

A: Formula used to calculate the monthly payment of mortgage loan is given below: M=PR1-1+R-N Where…

Q: 7. If a house is sold for P3,000,000 and the bank requires 20% down payment, find the amount of the…

A: Mortgage

Q: Find the monthly payment (before the balloon payment) for a 25-year, interest-only balloon mortgage…

A: Given that:  P = amount of loan = $300,000  r = APR = 7% =0.07  n = length of the loan = 25 yr

Q: Dr. Gupta is considering a 30-year mortgage at 6% interest. She can make payments of $3500 a month.…

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Q: Find the monthly payment for a loan of $350,000 for a term of 30 years at an interest rate of 5%

A: We have to find the monthly payment

Q: Determine the amount of money Western Bank should be willing to loan a developer who will repay the…

A: Future amount = $840,000    Developer will pay 2 years from now Interest rate = 10% per year or we…

Q: You have the option to take out a 30 year mortgage with an APR of 4.9% what will your monthly…

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Q: What is the present value of a loan when a monthly payment of P3, 250 is needed to extinguish for…

A: To solve the given problem we shall use the following formula…

Q: Xander takes out a loan on July 1 and the loan is for 120 days. The maturity date of the loan is…

A: We can make it easier for you.

Q: Consider a student loan at $12,500 at a fixed APR of 12% for 25 years the total payment over the…

A: Given information Loan=$12,500 Fixed APR r=12% ⇒r=12100=0.12 Time t=25 years First of all we will…

Q: What is the monthly payment on a 25-year loan of $62,700 if the annual interest rate is 5% ?

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Q: What is the monthly payment on a 30-year mortgage of $80,000 at 9% interest? What is the monthly…

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Q: What is the maturity value of a $12,000 loan for 18 months at 7.2% compunded quarterly? How much…

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Q: A bond has a $11,000 face value, a 9-year maturity, and a 3.05% coupon. Find the total of the…

A: Annual interest on bond is simple interest earned on face value of bond, calculated as follows:

Q: Calculate the loan amount on a purchase having a cash price of $885,000 with a 13% down payment.…

A: Total cash price = $885,000 Down payment = 13%

Q: What is the present value of an annuity that consists of 25 annual payments of $1200 at an interest…

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Q: You will have a 350,000 mortgage for 30 years at the rate of 2.39%. What will your monthly payment…

A: We will find out the required monthly payment.

Q: What is the maturity date of a loan for $7,000 at 15% exact interest taken out on June 8? The amount…

A: Let the maturity time is t yearsHence, Interest:- principal×rate×time100               =…

Q: The principal is $3,000,000. Mortgage payments are paid monthly. Compare the mortgage payments for a…

A: Since we know the principal value is 3000000, we can say that the present value for both the…

Q: Use PMT = to determine the regular payment amount, rounded to the nt nearest dollar. In terms of…

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Q: You take out a 65-day single-payment loan for $609 with an interest rate of 21%. What is the amount…

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Q: () A loan of P50,000 is made for a period of 20 months, at a Simple interest rate of 20% ,what…

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Q: The maturity value of a 3-month loan of $4000 is $4085. What is the simple interest rate (%)? (1…

A: We know that          Simple Interest =   ( P × r × t ) ÷ 100       where    P = Principal value…

Q: Jane Windsor financed a $5,900 ski boat with a 12% add-on interest installment loan for 12 months.…

A: Ski boat cost=$ 5900Down payment need to pay on purchase=10100x5900=$590∴Remaining principal…

Q: The maturity value of a 50-day loan of $530 is $540. What is the annual simple interest rate (in…

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Q: Matthew obtains a 25-year $149,000 house loan with an APR of 8.04%. What is his monthly payment?

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