Question

You want to borrow 500000 to buy a house. APR is 5% compounded daily. Your payment schedule is 30 years with equal monthly payments. Loan is fully paid when last payment is made. How much will be your monthly payment?

Answer #1

You want to buy a house that costs $320,000. You will make a
down payment equal to 20 percent of the price of the house and
finance the remainder with a loan that has an interest rate of 4.55
percent compounded monthly. If the loan is for 30 years, what are
your monthly mortgage payments?

You want to buy a house that costs $255,000. You will make a
down payment equal to 20 percent of the price of the house and
finance the remainder with a loan that has an interest rate of 5.37
percent compounded monthly. If the loan is for 30 years, what are
your monthly mortgage payments?

You want to buy a house and will need to borrow $250,000. The
interest rate on your loan is 5.83 percent compounded monthly and
the loan is for 20 years. What are your monthly mortgage
payments?

You want to buy a house and will need to borrow $220,000. The
interest rate on your loan is 5.47 percent compounded monthly and
the loan is for 20 years. What are your monthly mortgage payments?
$1,502.78 $1,459.31 $1,585.11 $1,509.63 $1,530.30

You need to borrow $18,500 to buy a truck. The current loan rate
is 9.5% compounded monthly and you want to pay the loan off in
equal monthly payments over five years. What is the size of your
monthly payment?

You borrow $185,000 to buy a house. The mortgage interest rate
is 7.5 percent and the loan period is 30 years. Payments are made
monthly. What is your monthly mortgage payment?
$1,293.55
$953.70
$1,083.78
$1,153.70
$1,398.43

In order to buy a car, you borrow $16,000 from a friend at
7%/year compounded monthly for 4 years. You plan to repay the loan
with 48 equal monthly payments. The monthly payments are
$383.14.
a) How much interest is in the 23rd payment?
b) what is the remaining balance after the 37th payment?
c) Three and a half years into the loan, you decide to pay it
off. You have not made the payment due at that time. What...

In order to buy a car, you borrow $16,000 from a friend at
7%/year compounded monthly for 4 years. You plan to repay the loan
with 48 equal monthly payments. The monthly payments are
$383.14.
a) How much interest is in the 23rd payment?
b) what is the remaining balance after the 37th payment?
c) Three and a half years into the loan, you decide to pay it
off. You have not made the payment due at that time. What...

you bought a house for $500000 with 20% down payment,
that you borrowed 400000 from the bank with apr 4.8% for 30 year
mortgage loan. after 10 years, you sold the house for $600000. how
much do you receive after paying off the loan?

You want to buy a $203,000 home. You plan to pay 15% as a down
payment, and take out a 30 year loan at 4.3% annual interest
compounded monthly for the rest.
a) How much is the loan amount going to be?
$
b) What will your monthly payments be?
$
c) How much total interest do you pay?
$
d) Suppose you want to pay off the loan in 15 years rather than 30.
What will your monthly payment...

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