Question

Determine the total payment over the term of a student loan of $148,575 at a fixed...

Determine the total payment over the term of a student loan of $148,575 at a fixed APR of 8.3% for 30 years.

Business   Finance   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE

SOLVED WITH BA II PLUS CALCULATOR

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
Consider a student loan of ​$15,000 at a fixed APR of 6​% for 30 years. a....
Consider a student loan of ​$15,000 at a fixed APR of 6​% for 30 years. a. Calculate the monthly payment. b. Determine the total amount paid over the term of the loan. c. Of the total amount​ paid, what percentage is paid toward the principal and what percentage is paid for interest. (Do not round until the final answer. Then round to the nearest cent as​ needed.)
Consider a student loan of $17, 500 at a fixed APR of 12 % for 15...
Consider a student loan of $17, 500 at a fixed APR of 12 % for 15 years. a. Calculate the monthly payment. b. Determine the total amount paid over the term of the loan. c. Of the total amount paid, what percentage is paid toward the principal and what percentage is paid for interest.
Consider a student loan of ​$20 comma 00020,000 at a fixed APR of 66​% for 1515...
Consider a student loan of ​$20 comma 00020,000 at a fixed APR of 66​% for 1515 years. a. Calculate the monthly payment. b. Determine the total amount paid over the term of the loan. c. Of the total amount​ paid, what percentage is paid toward the principal and what percentage is paid for interest. What is the monthly payment?
how do you find total payment over a term of a loan? (monthly payment)
how do you find total payment over a term of a loan? (monthly payment)
Compare the monthly payment and total payment for the following pairs of loan options. Assume that...
Compare the monthly payment and total payment for the following pairs of loan options. Assume that both loans are fixed rate and have the same closing costs. You need a ​$160,000 loan. Option​ 1: a​ 30-year loan at an APR of 10​%. Option​ 2: a​ 15-year loan at an APR of 9​%. ---------------------------------------------------------------- Find the monthly payment for each option. The monthly payment for option 1 is​what. The monthly payment for option 2 is what. ​(Do not round until the...
Compare the monthly payment and total payment for the following pairs of loan options. Assume that...
Compare the monthly payment and total payment for the following pairs of loan options. Assume that both loans are fixed rate and have the same closing costs. You need a ​$160,000 loan. Option​ 1: a​ 30-year loan at an APR of 10​%. Option​ 2: a​ 15-year loan at an APR of 9​%. ---------------------------------------------------------------- Find the monthly payment for each option. The monthly payment for option 1 is ​what. The monthly payment for option 2 is what. ​(Do not round until...
Loan payment Determine the equal, end-of-year payment required each year over the life of the loans...
Loan payment Determine the equal, end-of-year payment required each year over the life of the loans shown in the following table to repay them fully during the stated term of the loan. Loan    Principal    Interest rate    Term of loan (years) A    $12,000       8%       3 B       60,000    12     10 C       75,000    10     30 D         4,000    15        5
You are taking out a $13395 loan. It will be amortized with fixed payments over 10...
You are taking out a $13395 loan. It will be amortized with fixed payments over 10 years. It is to be paid quarterly and the APR is 4%. What is the interest payment on the loan in the second quarter?
Suppose you have a student loan of $40,000 with an APR of 9% for 30 years....
Suppose you have a student loan of $40,000 with an APR of 9% for 30 years. Complete parts a through C. A. what are your required monthly payments? The required monthly payment is $___ do not round until the final answer. Then round to the nearest cent as needed B. suppose you would like to pay the loan off in 18 years instead of 36. What monthly payments will you need to make? C. compare the total amount you’ll pay...
Consider a home mortgage of $150,000 at a fixed APR of 6​% for 30 years. -....
Consider a home mortgage of $150,000 at a fixed APR of 6​% for 30 years. -. Calculate the monthly payment. -. Determine the total amount paid over the term of the loan. - Of the total amount​ paid, what percentage is paid toward the principal and what percentage is paid for interest. a. The monthly payment is what? ​(Do not round until the final answer. Then round to the nearest cent as​ needed.) b. The total amount paid over the...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT