Jane was due to make loan payments of ​$1312 seven months​ ago ​$4351 five month​ ago, and $482 in six months.​ Instead, she is to make a single payment today. If money is worth 4.3% and the agreed focal date is​ today, what is the size of the replacement​ payment?

Q: A $8,200 loan, taken now, with a simple interest rate of 5% per year, will require a total payment…

A: Explanation is given below..

Q: Consider a student loan of $12,500 at a fixed APR of 6% for 25 years. a. Calculate the monthly…

A: (a) Obtain the monthly payment as follows.

Q: rest

A:

Q: The price of a home is $227,000. The bank requires a 20% down payment and three points at the time…

A:

Q: Matthew wants to set up a sinking fund that will be worth $100,000 after 20 years of monthly…

A:

Q: I want to purchase a road bike for $9,150. I make a down payment of $1,900 and finance the balance…

A: Compute the monthly interest rate, using the equation as shown below: Monthly rate = Effective…

Q: Suppose you have a $175,000 30-year mortgage with a 4.5% interest rate on the loan. b. How much will…

A: Given that, the loan amount is P=$175,000, interest rate r=4.5%, time n=30 years and due is monthly…

Q: Consider the 20-year fixed rate home loan of $185,500 with an interest rate of 6.75% what is the…

A: given, home loan=$185500 r= 6.75% = 0.0675 t=20 years frequency is monthly m= P(r/n) / 1-(1+r/n)-nt

Q: 3) Harry had an unpaid balance of $1780.89 on his credit card statement at the beginning of…

A: According to the given information, it is required to find the finance charges and the new balance…

Q: Find the interest paid on a 30-year mortgage of $350,000 at an APR of   6%.

A: Given, interest paid on a 30-year mortgage of $350,000 at an APR of   6%.

Q: hat is the

A: The present value of the loan is given by the formula: Present value=Cash flow×1-1+r-nr Where r is…

Q: Suppose you are awarded a $5,000.00 unsubsidized student loan with an interest rate of 6.8%. If you…

A: Principal amountRate of interestTimeMonthly payments

Q: Find the monthly payment on a 30-year fixed mortgage loan of $108,525 if the interest rate is 6 3/4%

A: Formula used to calculate the monthly payment of mortgage loan is given below: M=PR1-1+R-N Where…

Q: minimum

A: The mortgage formula is given by: M=P.r1+rn1+rn-1, where it is given that P=$175,000, r=0.04512 and…

Q: Elon has misplaced the sales contract for his car and cannot remember the amount he originally…

A: Elon has misplaced the sales contract for his car and cannot remember the amount he originally…

Q: Suppose you have budgeted $ 1025 a month towards a mortgage. If you are offered a 30 year mortgage…

A: Let x be the mortgage amount that offered.

Q: Trevor plans on getting a $166,000 loan for 30 years to purchase a home. Lender A offers him a 5%…

A: The objective of this question is to calculate the difference in monthly payments for a home loan…

Q: Suppose your bank has a minimum interest policy for single-payment loans of $60. Using ordinary…

A:

Q: Kent borrowed $6,500 on January 11 at 12.5% exact interest. He made payments of $1,000 on February…

A:

Q: Suppose you want to purchase a $160,00 house. If you put 20% down and finance the rest in a 20 year…

A: # Given: principal amount P=$16000 With 20% down payment  Interest rate r=0.04125 per year  With 20…

Q: ppose you have budgeted $ 1235 a month towards a mortgage. If you are offered a 30 year mortgage at…

A: Given Monthly payment=$1235 N=30*12=360 R=8.25/12=0.6875%

Q: Suppose you want to purchase a $ 165000 house. If you put 20% down and finance the rest in a 25 year…

A: # Given: principal amount p=$165000 20% down payment  25 year mortgage  interest rate r=5.5%  then…

Q: If the finance charge on a loan made by Marjorie Young is ​$1,670 and the loan is to be paid in…

A: Given If the finance charge on a loan made by Marjorie Young is ​$1,670 remaining payments = 36-26 =…

Q: The Dalton family is purchasing a $135,000 house. They plan to make a 20% down payment. The bank…

A:

Q: 1. Enrique takes out a student loan to pay for his college tuition this year. Find the interest on…

A: