You want to buy a $246,000 home. You plan to pay 5% as a down payment, and take out a 30 year loan for the rest.a) How much is the loan amount going to be?$b) What will your monthly payments be if the interest rate is 6%?$c) What will your monthly payments be if the interest rate is 7%?$

Q: The Browns have taken out a $50,000, 20-year, 8 percent mortgage on their home. How much will they…

A: Given data: Principal, P=$50,000 Time= 20 years Interest rate= 8% a) The formula for monthly…

Q: You want to buy a $195,000 home. You plan to pay 15% as a down payment, and take out a 30 year loan…

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Q: You can afford a $1450 per month mortgage payment. You've found a 30 year loan at 7% interest.a) How…

A: According to the given information:Mortgage payment per month = $1450Time period of loan = 30…

Q: You want to buy a $236,000 home. You plan to pay 20% as a down payment, and take out a 30 year loan…

A:

Q: You want to buy a $212,000 home. You plan to pay 15% as a down payment, and take out a 30 year loan…

A: Down payment = 15%  Present value = 212000- 0.15* 212000  30 years = 30*12 = 360 months

Q: a) How big of a loan can you afford? $ b) How much total money will you pay the loan company? $…

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Q: You want to buy a $140,000 home. You plan to pay 20% as a down payment, and take out a 30 year loan…

A: Given the price of the home, P=$140000 a) The amount of down payment is,…

Q: You want to buy a $136,000 home. You plan to pay 20% as a down payment, and take out a 30 year loan…

A: a) Given that, the down payment is 20% of $136,000. That is,DP=$136,000×20100.…

Q: You want to buy a $216,000 home. You plan to pay 5% as a down payment, and take out a 30 year loan…

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Q: Jane recelved $875 from her graduation party. She put the money in a bank with a 4% simple interest…

A: We need to find interest earned by Jane. We will use formula for calculating simple interest.

Q: The formula to calculate the monthly payment for a loan is: where M is the monthly payment, P is the…

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Q: Travis Thompson uses his credit card to obtain a cash advance of $600 to pay for his textbooks in…

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Q: You want to buy a $160,000 home. You plan to pay 10% as a down payment, and take out a 30 year loan…

A: First, we have to find the total loan amount, and then we can proceed further.

Q: Todd and Nate want to buy a $257,000 home. They plan to pay 5% as a down payment, and take out a 30…

A: Since you have posted a multi subparts question according to guildlines I will solve first three…

Q: You want to buy a $155,000 home. You plan to pay 5% as a down payment, and take out a 30 year 6.65%…

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Q: You can afford a $1150 per month mortgage payment. You've found a 30 year loan at 7% interest. a)…

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Q: A computer store sells for  $2,200,000 . The buyer made a  30%  down payment and secured a  20…

A: Given that, A computer store sells for $2,200,000. The buyer made a 30% down payment and secured a…

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: You want to buy a $185,000 home. You plan to pay 20% as a down payment, and take out a 30 year loan…

A: Note: We are entitled to solve only one question at a time and up to 3 sub-parts only. As the…