What monthly payment is required to amortize a loan of $35,000 over 10 yr if interest at the rate of 15%/year is charged on the unpaid balance and interest calculations are made at the end of each month
1. What monthly payment is required to amortize a loan of $50,000 over 14 years if interest at the rate of 6%/year is charged on the unpaid balance and interest calculations are made at the end of each month? (Round your answer to the nearest cent.) $ 2. The Flemings secured a bank loan of $368,000 to help finance the purchase of a house. The bank charges interest at a rate of 3%/year on the unpaid balance, and interest computations...
(-70.1 Points) DETAILS TANAPMATHS 4.3.020. MY NOTES PRACTICE ANOTHER What monthly payment is required to amortize a loan of $50,000 over 14 yr if interest at the rate of 13%/year is charged on the unpaid balance and interest calculations are made at the end of each month? (Round your answer to the nearest cent.) $ Need Help? Read Talk to Tutor
Suppose payments were made at the end of each month into an ordinary annuity earning interest at the rate of 8%/year compounded monthly. If the future value of the annuity after 14 yr is $70,000, what was the size of each payment? (Round your answer to the nearest cent.) $ Need Help? Read Talk to Tuter 5. (-/0.1 Points) DETAILS TANAPMATH5 4.3.018. MY NOTES PRACTICE ANOTHER Suppose payments will be made for 4 years at the end of each month...
Find the periodic payment R required to amortize a loan of dollars over t yr with interest charged at the rate of %/year compounded m times a year. (Round your answer to the nearest cent.) P = 40,000,- 2, t = 20, m - 4 $ Enter a number HTT Read it Talk to Tutor Submit Answer 2. (-/0.1 Points] DETAILS TANAPMATHS 4.3.008. MY NOTES PRACTICE ANOTHER Find the periodic payment R required to amortize a loan of P dollars...
Find the periodic payment R required to amortize a loan of P dollars over t yr with interest charged at the rate of r%/year compounded m times a year.P = 16,000, r = 8, t = 6, m = 6
Find the periodic payment R required to amortize a loan of P dollars over t years with interest charged at the rate of r%/year compounded m times a year. (Round your answer to the nearest cent.)P = 40,000, r = 3, t = 15, m = 12I have gotten 10,000$ multiple times and it is not accepted as the answer.
Find the periodic payment R required to amortize a loan of P dollars over t years with interest charged at the rate of r%/year compounded m times a year. (Round your answer to the nearest cent.) P = 180,000, r = 5.5, t = 28, m = 4
Find the periodic payment R required to amortize a loan of P dollars over t years with interest charged at the rate of r%/year compounded m times a year. (Round your answer to the nearest cent.) P = 40,000, r = 5, t = 13, m =6
Find the periodic payment R required to amortize a loan of P dollars over t years with interest charged at the rate of r %/year compounded m times a year. (Round your answer to the nearest cent.) P = 40,000, r = 5, t = 13, m =6
The Turners have purchased a house for $130,000. They made an initial down payment of $30,000 and secured a mortgage with interest charged at the rate of 10%/year compounded monthly on the unpaid balance. The loan is to be amortized over 30 yr. (Round your answers to the nearest cent.) (a) What monthly payment will the Turners be required to make? $ (b) How much total interest will they pay on the loan? $ (c) What will be their equity...