on december 31, 1995 a house is purchased with the buyer taking out a 30-year $90,000 mortgage at 9% interest compounded monthly-what are the monthly payments?
the monthly payment that amortizes a loan of A dollars in t yr when the interest rate is r per year, compounded monthly, is given byP=f(A,r,t) = Ar/ 12[1-(1+ r/12)^-12t ]Find the monthly payment for a home mortgage of 300,000 that will be amortized over 30 yr with an interest rate of 6%/year? And interest rate of 8%/year?
a loan of $8,000 is to be repaid with monthly payments for 3 years at 12% interest compounded monthly-what is are the monthly payments?
a loan of $8,000 is to be repaid with monthly payments for 3 years at 12% interest compounded monthly-what is the monthly payment?
Complete the following, assuming monthly payments as given Interest rate - 6.98% Home Mortgage - $ 100,000 Time of loan 360 months Monthly payment - $ 663.96. Find princial after the first payment and payment after second payment. I'm lost need a breakdown. Thanks
Complete the following, assuming monthly payments as given Interest rate - 6.98% Home Mortgage - $ 100,000 Time of loan 360 months Monthly payment - $ 663.96. Find princial after the first payment and princial after second payment. I'm lost need a breakdown. Thanks
A person purchased a 225463 home 10 years ago by paying 10% down and sighning a 30 year mortgage at 8.7% compounded monthly. Interest rates have dropped and the owner wants to refinance the unpaid balance by signing a new 20 year mortgage at 4.2% compounded monthly. How much interest will refinancing save? I have been on this for a couple hours and believe I am only off by a fraction and that is why my digital homework is still saying it is correct. Instead of copying 4 pages of home work and math I will post my large findings in hopes someone can see where I messed up. Monthly payment of original 30yr mortgage = 1589.11Total interest to be paid on original 30 yr mortgage = 369161.35Unpaid balance of original loan after 10 years = 180472.95Total interet paid during 1st ten years on original 30yr mortgage = 168248.93New monthly payment for 15 yr mortgage = 1436.59Total interest to be paid on new 15 year mortgage = 78113.25Total savings:369161.35-(168248.93+78113.25)=122799.17And this answer was wrong???? Standing back from the numbers they all look about right using common sense but online homework thing says its wrong? Any help would be much appreciated
Complete assuming monthly payment as given Interest rate $ 8.04% Home Mortgage 100,000 Time of Loan 180 months Monthly payments $ 957.96 Find the princial after first payment and principal after second payment
If my monthly mortgage payments for a house that costs $132, 905. The terms of your mortgage are 7%/a compunded semi-annually for 25 years
Consider a $100,000, 30-year, 5.4% mortgage with monthly payments. What portion of the payments during the first 25 months goes toward principal?a. 20.17%b. 20.98%c. 21.25%d. 22.41%e. 22.78%
A 20 year fixed rate mortgage with an annual interest rate of 5.15% compounded monthly is taken on a $135000 loan. a. find the monthly payment to the nearest cent. b. determine the total amount paid.
The graph and table below give the monthly principal and interest payments for a mortgage from 1999 to 2004. Use this information to predict the payment for 2005.Year Payment1999 $5782000 6132001 6542002 6752003 7062004 7302005