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: Determine the interest to be paid from a loan of $2900 borrowed at 4.5% compounded annually for 10…

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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 payment made by the ordinary annuity with the given present value. $231,156; quarterly…

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Q: Find the interest rate for each deposit and compound amount. 6) $8000 accumulating to $12,384.48,…

A: Recall the following fact.

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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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Q: Find the size of each of 4 payments made at the end of each year into a 5% rate sinking fund which…

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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: Mr. Geconcillo has a P50,000 loan with interest at 14% compounded monthly due 3 years starting…

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Q: Calculate the simple interest due on a 45-day loan of $1600 if the interest rate is 8.7%

A: P=principle=1600r=interest rate=8.7%=0.087t=time=45 day=45365 yearI=interest

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: Determine the interest to be paid from a loan of $8400 borrowed at 7.7% compounded annually for 125…

A: Information provided: Present value = $8,400 Time= 125 weeks Interest rate= 7.7%/52 = 0.1481% per…

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Q: You put $500 into an account paying 2% compounded monthly. What size can you withdraw at the…

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Q: Find the amount of an annuity due that consists of 13 monthly payments of $150,provided that the…

A: Given R=$150 n=13r =6%=0.06 To find the amount of an annuity due

Q: Find the amount necessary to fund the given withdrawals. Monthly withdrawals of $550 for 7 years;…

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Q: xander received a $22,950 loan from a bank that was charging interest at 4.25% compounded…

A: The loan amortization formula iswhere A is the period payment, P is the loan amount, i is the…

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: Blake contributed $584 at the end of every 3 months into an RRSP fund earning 3% compounded…

A: The future value is the value of an investment or sum at a specific point in the future, taking into…

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. $170/month for 15 years at 4%/year compounded…

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