Investigate the effect of the interest rate on home loans by finding the monthly payment and the total interest for a thirty-year simple interest amortized loan of $100,000 at the following rates. (Round your answers to the nearest cent.) (a) 6% payment $ total interest $ (b) 7% payment $ total interest $ (c) 8% payment $ total interest $ (d) 9% payment $ total interest $ (e) 10% payment $ total interest $ (f) 11% payment $ total interest $
Investigate the effect of the interest rate on home loans by finding the monthly payment and the total interest for a thirty-year simple interest amortized loan of $100,000 at the following rates. (Round your answers to the nearest cent.) (a) 6% payment $ total interest $ (b) 7% payment $ total interest $ (c) 8% payment $ total interest $ (d) 9% payment $ total interest $ (e) 10% payment $ total interest $ (f) 11% payment $ total interest $
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Investigate the effect of the interest rate on home loans by finding the monthly payment and the total interest for a thirty-year simple interest amortized loan of $100,000 at the following rates. (Round your answers to the nearest cent.)
(a) 6%
(b) 7%
(c) 8%
(d) 9%
(e) 10%
(f) 11%
payment | $ |
total interest | $ |
(b) 7%
payment | $ |
total interest | $ |
(c) 8%
payment | $ |
total interest | $ |
(d) 9%
payment | $ |
total interest | $ |
(e) 10%
payment | $ |
total interest | $ |
(f) 11%
payment | $ |
total interest | $ |
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