A building is priced at $100,000. If a downpayment of $30,000 is made, an a payment of $1,000 every month thereafter is required, how many months will it take to pay for the building? Interest is charged at a rate of 12% compounded monthly A 132 B 100 70 121

Q: A house is priced at $100,000. If a downpayment of $30,000 is made, an a payment of $1,000 every…

A: Price of house $1,00,000         Less: Down payment  $30,000         Loan Amount $70,000…

Q: A house costs 136000. It is to be paid off in exactly ten years with monthly payments of 1678.94.…

A: Cost of the house  = 136000Monthly payment  (PMT) = 1678.94Number of years  = 10 Number of periods =…

Q: A building is priced at $100,000. If a downpayment of $30,000 is made, an a payment of $1,000 every…

A: The number of months required to pay the amount can be calculated with the help of NPER function of…

Q: John Perez receives P 90,000.00 credit for his old automobile when buying a new model costing P…

A: The question can be solved as follows:

Q: A house costs $141,000. It is to be paid off in exactly ten​ years, with monthly payments of…

A: An amount of annual percentage which is charged from borrowers of the loan and paid to the…

Q: monthly payment amount be

A: An annuity is the regular payment of an amount at an equal interval. It is a payment of a fixed…

Q: An apartment sells for BRL 675,000, with 25% down payment and the remainder financed by the PRICE…

A: The process of fixing loan payments at a fixed rate every month is called loan amortization. Equal…

Q: 0 down payment and 10 quarterly instaliments, the due at the end of the first year after purchase.…

A: The discounting formula is one plus discount rate divided by a number of year's whole raise to the…

Q: An apartment unit in a rural area that sells for P1,800,000 can be purchased under terms requiring…

A: Price of  apartment (PV) = P1,800,000 Number of monthly payments (n) = 200 Interest rate = 12%…

Q: A P150,000 loan is to be paid as follows: P 10,000/month _______ 1st to 10th month Final payment…

A: Loan = 150,00 Time Period = 12 months Interest Rate = 12%/12 = 1% per month Payment from 1st to 10th…

Q: One building was priced at $ 125,000 . If you advance $ 25,000 and every month after that If $ 1,000…

A:

Q: A house costs $133,000. It is to be paid off in exactly ten years, with monthly payments of…

A: Loan installment is that which is paid by borrower to lender for a specified period of time. This…

Q: A house costs $144,000. It is to be paid off in exactly ten years, with monthly payments of…

A: The Annual Percentage Rate(APR) of the loan can be calculated using the RATE function in Excel.

Q: A building is priced at $250,000. If a down payment of $25,000 is made and a payment of $5000 every…

A: The time value of money (TVM) is a financial concept that recognizes the idea that a sum of money…

Q: To pay off a P100,000 loan , it is required that 20 semi -annual payments that is increased by…

A: A) P2,854  Explanation:

Q: The truck that we will use in our business costs $90,000. 10% of this cost will be paid as a down…

A: A loan amortization is used present monthly PMTs, interest repaid, and principal repaid.

Q: A house costs $142,000. It is to be paid off in exactly ten years, with monthly payments of…

A: Annual Percentage Rate(APR) is nothing but the rate of interest charged to borrower and it will be…

Q: P1M if paid in cash. What is the amount of the building today for 12y the rate of 4.83% compounded…

A: Continuously compounded interest is interest calculated on both the initial principle and all…

Q: A building is priced at $100,000. If a downpayment of $30,000 is made, an a payment of $1,000 every…

A: The number of months required to pay for the building can be calculated with the help of NPER…

Q: A house costs $139,000. It is to be paid off in exactly ten years, with monthly payments of…

A: House cost = $139,000Monthly payment = $1,599.62Number of years = 10 years

Q: A person buys a piece of property for P100,000 down payment and ten deferred semi-annual payments of…

A: The concept of the time value of money states that the current worth of money is more than its value…

Q: A house costs $147,000. It is to be paid off in exactly ten​ years, with monthly payments of…

A: Given information: Cost of house is $147,000 Monthly payment is $1,783.52 Number of years is 10

Q: A house costs $142,000, It is to be paid off in exactly ten years, with monthly payments of…

A: The annual interest rate that is charged by the lenders or at which the investors earn additional…

Q: draw the cash flow tnx.

A: The present value is the total value of the future payment series you must have now. For example, if…

Q: A contractor’s price for a new building was $96,000.  You decide to buy the building, making a…

A: Payments to the loans are made by equal instalments which carry both interest and payment of…

Q: A building is priced at $300,000. If a buyer makes a down payment of $100,000 and a payment of…

A: The present value is the value of the sum received at time 0 or the current period. It is the value…

Q: You want to buy a bus. Cost is $180,000 with 10% down and the rest in 7 equal annual payments which…

A: Journal entries in accounting are a documentation of the financial dealings that a company has…

Q: A house costs $148,000. It is to be paid off in exactly ten years, with monthly payments of…

A: Following details are given in the question: Cost of House (Present Value) = $148000 Monthly payment…

Q: A sala set costs P6,800 cash. A buyer pays P2,500 down-payment and the balance will be paid by equal…

A: To calculate the amount of loan , subtract the down payment from the cost. Monthly payment is…

Q: A construction company plans to accelerate the payments on an equipment loan as production…

A: Given, Initial payment (A1) = $10,000 per year  Loan interest rate (i)= 12% Time period (t) = 10…

Q: A building is to be paid indefinitely at the rate of 6 %. The building's price is P1M if paid in…

A: Price of building in cash = 1,000,000 Continuous Compounding Interest Rate = 4.83% Amount of…

Q: PLEASE TYPE IT AND NOT HANDWRITTEN A living room set costs P68,000. The buyer pays P25,000 down…

A: Formula: PMT(rate,nper,pv,[fv]) Where, PMT = Monthly payment rate = 4%/12 = 0.003333 nper = 18…

Mortgages

A mortgage is a formal agreement in which a bank or other financial institution lends cash at interest in return for assuming the title to the debtor's property, on the condition that the obligation is paid in full.

Mortgage

The term "mortgage" is a type of loan that a borrower takes to maintain his house or any form of assets and he agrees to return the amount in a particular period of time to the lender usually in a series of regular equally monthly, quarterly, or half-yearly payments.