Question

3. You can afford a $1400 per month mortgage payment. You've found a 30 year loan...

3. You can afford a $1400 per month mortgage payment. You've found a 30 year loan at 8% interest.
a) How big of a loan can you afford?

b) How much total money will you pay the loan company?

c) How much of that money is interest?

4. ind the time required for an investment of 5000 dollars to grow to 6200 dollars at an interest rate of 7.5 percent per year, compounded quarterly.
Round your answer to two decimal places
Your answer is t= ____years

Math   Advanced-Math   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
You can afford a $1400 per month mortgage payment. You've found a 30 year loan at...
You can afford a $1400 per month mortgage payment. You've found a 30 year loan at 6% interest. a) How big of a loan can you afford? $ b) How much total money will you pay the loan company? $ c) How much of that money is interest? $
You can afford a $1400 per month mortgage payment. You've found a 30 year loan at...
You can afford a $1400 per month mortgage payment. You've found a 30 year loan at 7% interest. a) How big of a loan can you afford? Round your answer to the nearest dollar. $ b) How much total money will you pay the loan company? Round your answer to the nearest dollar. $ c) How much of that money is interest? Round your answer to the nearest dollar. $
You can afford a $1200 per month mortgage payment. You've found a 30 year loan at...
You can afford a $1200 per month mortgage payment. You've found a 30 year loan at 6% annual interest compounded monthly. a) How big of a loan can you afford? $ b) How much total money will you pay the loan company? $ c) How much of that money is interest? $
You can afford a $1000 per month mortgage payment. You've found a 30 year loan at...
You can afford a $1000 per month mortgage payment. You've found a 30 year loan at 8% interest. a) How big of a loan can you afford? $ b) How much total money will you pay the loan company? $ c) How much of that money is interest?
You can afford a 1500 per month morgage payment. You've found a 30 year loan at...
You can afford a 1500 per month morgage payment. You've found a 30 year loan at 5.3 interest. a.) how big of a loan can you afford? b.) how much total money will you pay the loan company? c.) how much of that money is interest?
You can afford a $1250 per month mortgage payment. You have found a 30 year loan...
You can afford a $1250 per month mortgage payment. You have found a 30 year loan at 7% interest. How big of a loan can you afford? How much total money will you pay the loan company? How much of that money is interest?
You can afford a $1500 per month mortgage payment. You've found a 30 year fixed loan...
You can afford a $1500 per month mortgage payment. You've found a 30 year fixed loan at 7.3% interest. Round all answers to the nearest cent as needed. a) How big of a loan can you afford? $ b) How much total money will you pay the loan company? $ c) How much of that money is interest? $ Using the following conversions between the metric and U.S. systems, convert the measurement. Round your answer to 6 decimal places as...
You can afford a $300 per month car payment. You've found a 5 year loan at...
You can afford a $300 per month car payment. You've found a 5 year loan at 6% interest. How big of a loan can you afford?
You can afford a $300 per month car payment. You've found a 5 year loan at...
You can afford a $300 per month car payment. You've found a 5 year loan at 7% interest. How big of a loan can you afford?
Marie can afford a $250 per month car payment. She's found a 5 year loan with...
Marie can afford a $250 per month car payment. She's found a 5 year loan with an annual rate of 7% compounded monthly. How expensive of a car can she afford? How much total money will she pay the loan company? How much of that money is interest?
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT