Mary Singer borrowed $20,000 at an annual interest rate of 8% and paid off the loan, principal, and interest after several years with a $30,000 check. The number of years she has had the privilege of using the money is
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- Bryan purchased a house for $500,000. She made a down payment of 15.00% of the value of the house and received a mortgage for the rest of the amount at 4.12% compounded semi-annually amortized over 25 years. The interest rate was fixed for a 5 year period. a. Calculate the monthly payment amount. $0.00 Round to the nearest cent b. Calculate the principal balance at the end of the 5 year term. $0.00 Round to the nearest cent c. Calculate the monthly payment amount if the mortgage was renewed for another 5 years at 5.82% compounded semi-annually? $0.00 چی Round to the nearest centLeona Jefferson purchased a home and obtained a 25 year loan of 436,250$ at an annual interest rate of 7.5%. Find the amount of interest paid on the loan over the 25 years. Round answer to the nearest cent.katy took out a loan for $12000 over 3 years, if her total loan repayments amounted to $18750, calculate the interest charged.
- Leona purchased a home and obtained a 25 year loan of 437,750$ at an annual interest rate of 6.5%. Find the amount of interest paid on the loan over the 25 years. Round answer to nearest cent.Marsha Terban bought a home for $110,000 with a down payment of $10,000. Her rate of interest is 9 1/2 percent for 15 years. Compute an amortization schedule for the first 3 months of the loan.Vinu
- Ms. Tamper bought a house for $180,000. She put 20% down and obtained a mortgage loan for the balance at 4 1/4% for 30 years. a. Find the monthly payment. b. Find the total interest paid.Shirley Trembley bought a house for $185,300. She put 20% down and obtains a simple interest amortized loan for the rest at 6 3 8 % for thirty years. (Round your answers to the nearest cent.) (a) Find her monthly payment.$ (b) Find the total interest.$ (c) Prepare an amortization schedule for the first two months of the loan. PaymentNumber PrincipalPortion InterestPortion TotalPayment Balance 0 $ 1 $ $ $ $ 2 $ $ $ $ (d) Most lenders will approve a home loan only if the total of all the borrower's monthly payments, including the home loan payment, is no more than 38% of the borrower's monthly income. How much must Shirley make to qualify for the loan?$ per monthOLA#9.2: Hannah purchased a house for $475,000. She made a downpayment of 25% of the value of the house and received a mortgage for the rest of the amount at 5.50% compounded semi-annually for 25 years. The interest rate was fixed for a 5-year term. a. Calculate the size of the monthly payments. b. Calculate the principal balance at the end of the 5-year term. c. Calculate the size of the monthly payments if after the first 5-year term the mortgage was renewed for another 5-year term at 5.25% compounded semi-annually?
- Carie purchased a car for $49,000; she paid $4900 as a down payment and financed the balance amount at 3.5% compounded monthly for 4.5 years. What was the amount of interest charged for the entire loan?John purchased a house for $325,000. He made a downpayment of 15% of the value of the house and received a mortgage for the rest of the amount at 6.25% compounded semi-annually for 25 years. The interest rate was fixed for a 5-year term. a. Calculate the size of the monthly payments. $0.00 Round to the nearest cent b. Calculate the principal balance at the end of the 5-year term. $0.00 Round to the nearest cent c. Calculate the size of the monthly payments if after the first 5-year term the mortgage was renewed for another 5-year term at 6.00% compounded semi-annually? $0.00 Round to the nearest centNeed help