What is the mortgage amount for a house showing closing costs for a purchase of $212,000 requiring a 20% down payment? The mortgage amount is?

Q: Nina and Michael have been approved for a $300,000 30-year mortgage with an APR of 5.25%. How much…

A: Thanks for the question :)And your upvote will be really appreciable ;)

Q: What is the monthly payment on a 15-year mortgage of $200,000 at 6% interest? What is the total…

A: Let A be the monthly payment. r = interest rate per period = interest rate per month = 6% / 12 =…

Q: What would be the monthly payment on an add-on loan from a credit union at 6% over 36 months for the…

A: I solved with detailed analysis

Q: A credit card offers no interest no payments for 12 months. You make a purchase of $3500. You make…

A: purchase made A= $3500 monthly payments m= $300 Amount made during the first year (11 payments)…

Q: What is the total cost of a house you purchased with $20,000 as a down payment and monthly payments…

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Q: What is the monthly payment on a 25 year loan of $67,800 if the annual interest rate is 5%?

A: We have Principal loan amount, P = $67,800 Annual interest rate r = 5% = 0.05 Number of monthly…

Q: What is the total amount of a 3-year loan of $1000 to be repaid at an interest rate of 5%, using the…

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Q: Dr. Gupta is considering a 30-year mortgage at 6% interest. She can make payments of $3500 a month.…

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Q: a car costs $12500 and youre offered a loan that requires $800 down and a monthly payment of 228.29…

A: Monthly payments of 228.29 for 66 months contribute to 228.29*66 = 15067.14   And 800 down payment.…

Q: You can afford a monthly payment of $375 for a new car loan.  You want the loan to last for 5 years…

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Q: Find the principal for a loan that has earned interest of $5500 with an annual rate of 10% for 5…

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Q: What is the purchase price on a car that has a $318 monthly payment for 4 years, financed at 5% per…

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Q: The house that you want to buy is selling for P3,250,000. You need to put 3/20 of the selling price…

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Q: Mr. Cruz obtained a 16-year mortgagee for 3,592,974. If this monthly payment is 17,520 how much is…

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Q: What is the monthly payment on a 25-year loan of $62,700 if the annual interest rate is 5% ?

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Q: The cost to purchase the house that Bainters are considering is $195, 000, but the Bainters plan to…

A: Given that, The total cost of the house $195,000. Plan to make down payment $40,000. Time is 30…

Q: by splitting the loan into two 3 year loans, how much more will you pay in interest ?

A: The future value of each loan at the end of the 3-year period can be calculated:For the first 3-year…

Q: You will have a 350,000 mortgage for 30 years at the rate of 2.39%. What will your monthly payment…

A: We will find out the required monthly payment.

Q: Suppose you have a credit card bill of $1,275 for the month of October. If you pay the full balance…

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Q: The loan of $ 700 is expected to be paid in one year as a total of $ 749. What is the annual…

A: Solution