2. You can afford a $1150 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?
$
Calc:
2. You can afford a $1150 per month mortgage payment. You've found a 30 year loan...
You can afford a $1350 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 $250 per month car payment. You've found a 3 year loan at 8.3% interest. how big of a loan can you afford?
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You can afford a $250 per month car payment. You've found a 4 year loan at 5% interest. How big of a loan can you afford? Submit Question
You can afford a $250 per month car payment. You've found a 4 year loan at 2% interest. How big of a loan can you afford? ----- 9 License Points available on this attempt: 7.7 of original 11 This is attempt 2 of 3. Score on last attempt: 0. Score in gradebook: 0 100 Submit
1. You want to buy a $249,000 home. You plan to pay 5% as a down payment, and take out a 30 year loan for the rest. a) How much is the loan amount going to be? $ b) What will your monthly payments be if the interest rate is 6%? $ c) What will your monthly payments be if the interest rate is 7%? $ 2. You can afford a $1150 per month mortgage payment. You've found a 30...
2. If you can afford an $1150 per month mortgage, how much house can you afford with a 5% annual rate on 30 year mortgage with a 20% down payment?
M Qustion 2 of 1 Sots You can afford a $450 per month car payment You've found a 5 year loan at 2%in A 27.54000 Ca70 CD 15471 56 t
5. a) You can afford a monthly loan payment of $500. If current mortgage rates are 3.75% for a 30-year fixed rate loan, how much can you afford to borrow? b) If you are required to make a 20% down payment and you have the cash on hand to do it, how expensive a home can you afford to buy? (Hint: You will need to solve the loan payment formula for P.)
5. a) You can afford a monthly loan payment of $500. If current mortgage rates are 3.75% for a 30-year fixed rate loan, how much can you afford to borrow? b) If you are required to make a 20% down payment and you have the cash on hand to do it, how expensive a home can you afford to buy? (Hint: You will need to solve the loan payment formula for P.)