1-You are taking out a new loan of $195,000 that includes an origination fee of 0.5%....
1-You are taking out a new loan of $195,000 that includes an origination fee of 0.5%. How much money does the origination fee cost you?
2-In an attempt to have funds for a down payment in five years, you plan to save $5200 each year for the next five years. With an interest rate on your savings of 2% APR, how much will you have in your account after five years?
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1-You are taking out a new loan of $195,000 that includes an
origination fee of 0.5%....
Question 6 (0.5 points) In an attempt to have funds for a down payment in five...
Question 6 (0.5 points) In an attempt to have funds for a down payment in five years, you plan to save $8100 each year for the next five years. With an interest rate on your savings of 2% APR, how much will you have in your account after five years? Your Answer:
In an attempt to have funds for a down payment in five years, you plan to...
In an attempt to have funds for a down payment in five years, you plan to save $7050 each year for the next five years. With an interest rate on your savings of 3% APR, how much will you have in your account after five years?
You have just taken out a $ 22,000 car loan with a 4 % APR, compounded...
You have just taken out a $ 22,000 car loan with a 4 % APR, compounded monthly. The loan is for five years. When you make your first payment in one month, how much of the payment will go toward the principal of the loan and how much will go toward interest? (Note: Be careful not to round any intermediate steps less than six decimal places.) 1. When you make your first payment, how much money will go toward the...
annual payment You are taking a loan out on a car. The purchase price of the...
annual payment
You are taking a loan out on a car. The purchase price of the car is $12,183 and the financing company is offering an APR of 11.12%. If you make a $2,000 down payment on the vehicle and finance the balance over 5 years, your annual Round your answer to two decimal places. payments would be $
You decide to buy a new vehicle, but you need to take a loan in order...
You decide to buy a new vehicle, but you need to take a loan in order to cover some of the cost. You take a loan of $14,000 that you need to pay off over the next 30 years. If the APR on the loan is 6%, how much will you need to pay every month to cover the loan? Round to the nearest whole dollar. (no commas) Monthly Payment: $ Using your calculated payment amount, how much money total...
You are buying a house that costs $440000 and plan on taking out a 30-year fixed...
You are buying a house that costs $440000 and plan on taking out a 30-year fixed rate mortgage at an annual interest rate of 2.4%. 1)You make a 15% down payment of 66000, and take out a loan for the remaining $374000. How much would your mortgage payments be? (Ignore taxes, fees, and other charges, and round to the nearest penny.) . 2)You make this mortgage payment at the end of the first month. Your mortgage payment at the end of...
you have just taken out a $15,000 car loan with a 7% APR, compounded monthly. The...
you have just taken out a $15,000 car loan with a 7% APR, compounded monthly. The loan is for five years. When you make your first payment in one month, how much of the payment will go toward the principle of the loan and how much will go toward interest?
You are planning on taking a loan for $ 74 ,000. You will repay the loan...
You are planning on taking a loan for $ 74 ,000. You will repay the loan in annual payments over the next 8 years and the loan has a stated interest rate of 4 %. For the very last payment on your loan, how much of this is repayment of principal? For example, if the loan payment is $400 of which $30 is interest and $370 is principal, your answer is $370. Enter your answer to the nearest $.01. Do...
You have just taken out a $26,000 car loan with a 5% APR, compounded monthly. The...
You have just taken out a $26,000 car loan with a 5% APR, compounded monthly. The loan is for five years. When you make your first payment in one month, how much of the payment will go toward the principal of the loan and how much will go toward interest? (Note: Be careful not to round any intermediate steps less than six decimal places) When you make your first payment will go toward the principal of the loan and will...
You have just taken out a $18,000 car loan with a 5% APR, compounded monthly. The...
You have just taken out a $18,000 car loan with a 5% APR, compounded monthly. The loan is for five years. When you make your first payment in one month, how much of the payment will go toward the principal of the loan and how much will go toward interest? (Note: Be careful not to round any intermediate steps less than six decimal places.) When you make your first payment will go toward the principal of the loan and will...
Question 6 (0.5 points) In an attempt to have funds for a down payment in five years, you plan to save $8100 each year for the next five years. With an interest rate on your savings of 2% APR, how much will you have in your account after five years? Your Answer:
In an attempt to have funds for a down payment in five years, you plan to save $7050 each year for the next five years. With an interest rate on your savings of 3% APR, how much will you have in your account after five years?
annual payment
You are taking a loan out on a car. The purchase price of the car is $12,183 and the financing company is offering an APR of 11.12%. If you make a $2,000 down payment on the vehicle and finance the balance over 5 years, your annual Round your answer to two decimal places. payments would be $
You have just taken out a $26,000 car loan with a 5% APR, compounded monthly. The loan is for five years. When you make your first payment in one month, how much of the payment will go toward the principal of the loan and how much will go toward interest? (Note: Be careful not to round any intermediate steps less than six decimal places) When you make your first payment will go toward the principal of the loan and will...
You have just taken out a $18,000 car loan with a 5% APR, compounded monthly. The loan is for five years. When you make your first payment in one month, how much of the payment will go toward the principal of the loan and how much will go toward interest? (Note: Be careful not to round any intermediate steps less than six decimal places.) When you make your first payment will go toward the principal of the loan and will...
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