Sarah's home loan requires monthly payments and has an effective annual rate of 5.85%. The APR on this home loan is closest to: a. 5.70% b. 6.00% c. 5.95% d. 6.15%
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- Calculate the amount financed, the finance charge, and the monthly payments (in $) for the add-on interest loan. (Round your answers to the nearest cent.) Purchase Add-on Number of Finance Monthly Payment Down Amount (Cash) Price Payment Financed Interest Payments Charge 13% $2,000 15% $ 30 $A borrower with a 645 credit score is buying a $449,481 home with 95% LTV financing. The percent annual premium from the private mortgage insurance (PMI) company is 1.43% for a 30% coverage policy. The borrower's monthly premium payment is? Note: the question is asking for the monthly premium only, not the loan payment + premium. (Input your answer rounded to the nearest whole penny and without the $ sign, e.g., 1000.01)Choose the closest ancwer below. A. $744.52 B. $751.97 C. $867.00 D. $890.00 E. $667.33
- Can someone help me? Really appreciate it!Find the APR (rounded to the nearest percent) for the loan listed. Purchase of a car for $26,200 at 2.7% add-on rate for 4 years % Need Help? Read ItFor the following loan, find (a) the finance charge and (b) the APR. Use the accompanying table to find the APR to the nearest 0.5%. Joel financed a $1555 computer with 24 monthly payments of $70.32 each. Click the icon to view the annual percentage rate table. (a) The finance charge is $ (Round to the nearest cent as needed.) APR Table Number of Monthly Payments (n)| 6 12 18 24 30 36 48 | 60 4.0% 4.5% 5.0% 5.5% 1.17 2.18 3.20 1.32 1.46 2.45 2.73 3.60 4.00 5.29 6.59 7.90 4.22 4.75 5.25 5.92 6.29 7.09 8.38 9.46 10.54 10.50 11.86 13.23 Annual Percentage Rate (APR) for Monthly Payment Loans Annual Percentage Rate (APR) 3.53 6.5% 7.0% 7.5% 8.0% 8.5% 9.0% 9.5% Finance Charge per $100 of Amount Financed (h) 1.61 1.76 1.90 2.05 2.20 2.35 2.49 2.64 2.79 2.94 3.08 3.23 3.38 3.00 3.28 3.56 3.83 4.11 4.39 4.66 4.94 5.22 5.50 5.78 6.06 6.34 6.62 4.41 4.82 5.22 5.63 6.04 6.45 6.86 7.28 7.69 8.10 8.52 8.93 9.35 9.77 5.83 6.37 6.91 7.45 8.00 8.55 9.09 9.64 10.19 10.75 11.30 11.86 12.42 12.98 7.29…