You borrowed $100,000 for a period of 30 years at fixed APR of 5.5% to buy an apartment. What is your monthly payment?
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You borrowed $100,000 for a period of 30 years at fixed APR of 5.5% to buy an apartment.
What is your monthly payment?
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- You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years. Which table will help you determine the value of your account at the end of 12 years? A. future value of one dollar ($1) B. present value of one dollar ($1) C. future value of an ordinary annuity D. present value of an ordinary annuityAfter making payments of $901.10 for 6 years on your 30-year loan at 8.9%, you decide to sell your home. What is the loan payoff?Suppose you borrow $10,000 from your parents to buy a car. You agree to pay $208 per month for 48 months. What is the monthly interest rate? Respuesta:
- You took out a 30 year mortgage of $300,000 for your new apartment. The APR for your loan is 3.5%. What is your monthly payment?You can afford to pay $15,000 at the end of each of the next 30 years to repay a home loan. If the interest rate is 7.50%, what is the most you can borrow?You borrow $149,000 to buy a house. The mortgage rate is 7.5% and the loan period is 30 years. Payments are made monthly. If you pay for the house according to the loan agreement, how much interest will you pay on your 60th monthly payment?
- You wish to purchase a home for $500,000. You will make payments of $30,000 at the end of every year for 30 years. The current rate of interest is 6.5% convertibly quarterly. Find the down payment that will be necessary.You would like to save $250,000 for retirement. If you are planning to retire 30 years from now, how much should you deposit each month into an account that pays 7.2% interest compounded monthly? What is the total interest earned?suppose that you would like to save $20,000 over 5 years to use as a down payment for a house by making regular end-of-the-month deposits in an account that earns 4% compounded monthly. How much should you deposit into the account each month?
- You have purchased a house and take out a $600,000 loan with a 30 year term at 5% nominal annual interest rate with monthly compounding. What are your monthly payments to the nearest penny?If you desire to have $15,000 for a down payment for a house in six years, what amount would you need to deposit today? Assume that your money will earn 2 percent.To buy a car, you borrow $28,000 with a term of five years at an APR of 7%. What is your monthly payment? (Round your answer to the nearest $ 554.43 How much total interest is paid? (Round your answer to the nearest cent. )
