Calculate the monthly payment for a student loan of $36,420 at a fixed APR of 8% for 10 years.
Calculate the monthly payment for a student loan of $36,420 at a fixed APR of 8%...
Calculate the monthly payment for a loan of $8,250 at a fixed APR of 6.5% over a period of 5 years
Consider a student loan of $17,500 at a fixed APR of 9% for 5 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 25 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.)
.Your monthly mortgage payment will be $2,998 if you take $500,000 fixed rate loan with a term of 30 years and with APR of 6%. How soon would your be able to fully repay your loan if you increase you monthly payment by 10%? Why?
Consider a 3-year amortized loan of $100,000 that requires monthly loan payment. The APR of this loan is 4.8%. What is the amount of each monthly loan payment? Select one: O a. $3055.48 O b. $2765.34 c. $2988.12 O d. $2865.26
On a home loan of $161,910 , with 30 year term with a fixed APR of 3.719%. calculate: a). monthly payment b). total amount paid for loan c). total interest paid for loan
Consider a 15-year home mortgage loan with a fixed APR of 4.8%. Which of the following statements is NOT correct? Select one: O a. If you want to entirely pay off the loan at the end of year 10, the required lump sum payment is equal to the present value of 60 monthly payments O b. The monthly interest amount is calculated by 4.8% times the loan balance at the beginning of the month O c. The scheduled monthly loan...
Calculate the monthly loan payment (MP) given a 6 %, 5 years with monthly compounding. The loan is for $125,500. a. Calculate MP (ordinary annuity): b. Calculate the Loan Balance after 3.5 years: c. Calculate the MP as an annuity due:
27. Facts: $100,000 loan, 30 years, fixed rate of 8%, monthly payment of $733.76. What is the loan balance after the first month? A. $100,000 B. $99,933 C. $99,267 D. $92,000 E. $67 Please show work, THanks!
Suppose you have a student loan of $50000 with an APR of 12% for 40 years. 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.) If paid off in 20 years? The percentage of the total paid that is interest is ?