3.) Engr. De Ocampo is planning to buy a condominium. If he is to pay 100k permonth with a down payment of 2million and an interest of 12% compoundedmonthly. How many years will it take for him to pay it full if the accumulatedprice of the condominium is 20million? ANSWER: y = 8.6230yrs4.) Engr. Tiu will buy a house with a price of 5million if paid in cash. If he wants itfully paid in 10years with an interest of 10% compounded weekly. How muchmust he pay every week? ANSWER: A = 15,219.82465.) Engr. Kirk plans to buy a gaming rig with a total amount of P150,000. If hewant to pay this every month partially for 4 years with an interest of 4%. Howmuch will he pay every month? ANSWER: A = 7077.0971

As per Bartleby honor code, when multiple questions are asked, the expert is required only to solve…

3.) Engr. De Ocampo is planning to buy a condominium. If he is to pay 100k per month with a down payment of 2million and an interest of 12% compounded monthly. How many years will it take for him to pay it full if the accumulated price of the condominium is 20million? ANSWER: y = 8.6230yrs

3.) Engr. De Ocampo is planning to buy a condominium. If he is to pay 100k per month with a down payment of 2million and an interest of 12% compounded monthly. How many years will it take for him to pay it full if the accumulated price of the condominium is 20million? ANSWER: y = 8.6230yrs

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Similar questions

Suppose you want to buy a $143,000 home. You found a bank that offers a 30-year loan at 3.9% APR.A. What will be your monthly payment? (Round to the nearest cent.)B. How much would you end up paying the bank for the home after 30 years? (Round to the nearest cent.)C. Suppose you wanted to reduce the time of your loan to 25 years. What would be your new monthly payment? (Round to the nearest cent.) D.How much would you end up paying the bank for the home after 25 years? (Round to the nearest cent.) E. How much did you save by reducing the time of your mortgage loan? (Round to the nearest cent.)
The purchase price of an item is $15,000. You decide to buy it using an installment plan. You put 20% down. You agree to pay $275 per month for 5 years. a.) what is the amount of your down payment? b.) how much are you borrowing? c.) how much will you pay in interest? d.)how much will this item cost you in total?
You want to buy a $202,000 home. You plan to pay 20% as a down payment, and take out a 30 year loan at 5.55% interest for the rest. a) How much is the loan amount going to be? b) What will your monthly payments be? c) How much total interest do you pay? d) Suppose you want to pay off the loan in 15 years rather than 30. What will your monthly payment be? e) How much money in interest will you save if you finance for 15 years instead of 30 years?
You want to buy a $188,000 home. You plan to pay 20% as a down payment, and take out a 30 year loan at 3.4% interest for the rest. a) How much is the loan amount going to be? $ b) What will your monthly payments be? $ c) How much total interest do you pay? $ d) Suppose you want to pay off the loan in 15 years rather than 30. What will your monthly payment be? $ e) How much money in interest will you save if you finance for 15 years instead of 30 years?
Suppose you want to purchase a home for $375,000 with a 30-year mortgage at 5.14% interest. Suppose also that you can put down 25%. What are the monthly payments? (Round your answer to the nearest cent.) $ What is the total amount paid for principal and interest? (Round your answer to the nearest cent.) $ What is the amount saved if this home is financed for 15 years instead of for 30 years? (Round your answer to the nearest cent.) $
You want to buy a $205,000 home. You plan to pay 10% as a down payment, and take out a 30 year loan at 4.15% interest for the rest. a) How much is the loan amount going to be? b) What will your monthly payments be? c) How much of the first payment is interest?
Suppose you want to purchase a home for $525,000 with a 30-year mortgage at 4.84% interest. Suppose also that you can put down 30%. What are the monthly payments? (Round your answer to the nearest cent.) $ What is the total amount paid for principal and interest? (Round your answer to the nearest cent.) $ What is the amount saved if this home is financed for 15 years instead of for 30 years? (Round your answer to the nearest cent.)
You want to buy a $168,000 home. You plan to pay 5% as a down payment, and take out a 30 year loan at 6.95% interest for the rest. How much is the loan amount going to be? What will your monthly payments be?
the price of a house is $400,000. Then, you make a down payment of $130,000 and take a 30-year mortgage for the balance. (a) what is your down payment? (b) what is your mortgage ? (c) what is the total interest charged over the life of the loan if your monthly payment is 1350 dollars?
You want to buy a $162,000 home. You plan to pay 20% as a down payment, and take out a 30 year loan at 4.1% interest for the rest.a) How much is the loan amount going to be?b) What will your monthly payments be?c) How much of the first payment is interest?
A man wants to buy a $33,000 car. He will put 20 % down and finance the rest over 5 years. How much will his monthly payments be if he borrows the money at 4.8% annual interest, compounded monthly? Give the answer correctly to 2 decimal places.
You want to buy a $153,000 home. You plan to pay 5% as a down payment, and take out a 30 year loan at 5.25% interest for the rest. a) How much is the loan amount going to be? $ b) What will your monthly payments be? $ c) How much total interest do you pay? $ d) Suppose you want to pay off the loan in 15 years rather than 30. What will your monthly payment be? $ e) How much money in interest will you save if you finance for 15 years instead of 30 years? $

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