You want to buy a $180,000 home. You plan to pay 15% as a down payment, and take out a 30-year loan at 4.45% for the rest. The bank requires 3 points at closing. (a) How much is the loan amount going to be? $ (b) How much are the closing costs? $ (c) What will your monthly payments be? $

Q: Richard Miyashiro purchased a condominium and obtained a 20-year loan of $194,000 at an annual…

A: Richard Miyashiro purchased a condominium and obtained a 20-year loan of $194,000 at an annual…

Q: Maria is a wedding planner. She purchases a laserjet printer for invitations, save-the-date…

A: Given: Maria is a wedding planner. She purchases a laserjet printer for invitations, save-the-date…

Q: You are tired at the end of the school year and decided to borrow $500 to go on a trip to Florida.…

A:

Q: 1. Abby placed $4000 into her bank account at a simple interest rate of 4.5% per year for 4 months.…

A: Principal (P) = $ 4000 Rate (R) = 4.5 % per annum Time (t) =4 months = 412 years = 0.33 yr As,  12…

Q: You want to buy a car. The loan amount will be $28,000. The company is offering a 2% interest rate…

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Q: A YouTube ad for a loan company states "You only pay 22 cents a day for each $500 borrowed." Using…

A:

Q: You make an offer of $324,000 on a house and it is accepted. You receive a loan of 6.5% for 30…

A: You make an offer of $324,000 on a house and it is accepted. You receive a loan of 6.5% for 30…

Q: Brett borrowed $16,000 at 7.2% interest to buy a car. It is a 8-year loan. Find the monthly…

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Q: An auto parts store sells for $300,000 and a 30% down payment is made. A 20 -year mortgage…

A: Given An auto parts store sells for $300,000 and a 30% down payment is made. A 20-year mortgage at…

Q: You want to buy a $31,000 car. The company is offering a 2% interest rate for 60 months (5 years).…

A: Given that the present value PV=$31000Interest rate r=2%=2100=0.02Componded monthly…

Q: A woman buys a house for $290,000. She pays $60,000 down and takes out a mortgage at 6.9% on the…

A: Since you have multiple sub part question according to guildlines solution to only first three…

Q: Zebulon wants to borrow money. He writes a note that guarantees that 420 days from now he will give…

A: a) Here,  Principal=$1200time=120days=120360yearFuture value =$1273.39

Q: To go on a summer trip, Jim borrows $700. He makes no payments until the end of 3 years, when he…

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Q: Suppose that you decide to buy a car for $25,767, including taxes and license fees. You saved $8000…

A: a)The cost of buying a car is $25,767 of which $8000 is saved as the down-payment.Therefore, the…

Q: You buy a house for $280,000 and pay $25,000 down.  The rest is financed for 30 years at 6.5%…

A: Here, Value of House is $280,000 Down Payment is $25,000 Loan Amount (PV) is: Interest Rate (Rate)…

Q: Jason takes out a car loan for $14,500 and is paying simple interest of 7%.  He finances the loan…

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Q: Sove the problem.  Ted owes $2000 to Mary. The loan is payable in 1 year at 10%. Mary needs cash, so…

A: It is given that, Teds repay the money $2000 to Marry. The loan interest is 10% in 1 year. Since…

Q: Jose's bank savings account pays 2% interest per year. The bank adds the earned interest directly…

A: Given:  Rate of interest = 2%. Initial deposit= $300.