A family has a $105,210, 30-year mortgage at 5.7% compounded monthly. Find the monthly payment. Also find the unpaid balance after the following periods of tim (A) 10 years (B) 20 years (C) 25 years The monthly payment is $ (Round to the nearest cent as needed.)

Q: Suppose that a loan of $8500 is given at an interest rate of 7% compounded each year. Assume that no…

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Q: Your company borrowed $180,000, agreeing to pay the balance in 18 equal monthly installments at 8%…

A: The formula to find is, Remaining balance =  (Original balance*(1+r)^n)-EMI*((((1+r)^n)-1)/r)

Q: find the general solution for this differential equationdy/dx = e^(-y)+1

A: Find the general solution for this differential equation

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A: Let A be the monthly payment. r = interest rate per period = interest rate per month = 6% / 12 =…

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A: Given : Loan Amount  = $ 190,000 Interest rate    = 6.25% Time              = 20 years The formula…

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Q: Find the present value of an ordinary annuity which has payments of $1500 per year for 16 years at…

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Q: to retire a bond of $100,000.00 in 5 years what amount needs to be deposites at 8%.

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Q: Assume that you make a quarterly payment of $750 into an annuity paying 9% interest compound…

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Q: The present value of an annuity for ten years is $10000. find the quarterly payment or periodic…

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Q: find the lump sum deposited today that will yield the same amount as monthly paymenst of  $100 with…

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Q: Jessica had a loan of $142,000 and made payments of $4,000 at the end of every month to settle it.…

A: In this question, we will use the compound interest formula.

Q: Hank made payments of $105 per month at the end of each month for 30 years to purchase a piece of…

A: given payment $105 per month FV=$98310 t=30 years  =30×12 month  =360 month claim- (1) find the…

Q: given the current interest rate of 6% compounded annually.find the present value of $10000 to paid…

A: Given Amount (A) = 10000 Interest rate (r) = 6 We know that A = P1+r100n , where n is the time For…

Q: Determine the interest to be paid from a loan of $6560 borrowed at 5.1% compounded quarterly for 4…

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Q: Find the present value of the ordinary annuity. Payments of $550 made annually for 13 years at 6%…

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