Mathematics

Mathematics, 09.07.2019 00:20, selenaK9514

As the loan amortizes and nears the end, the majority of the payment is used to pay the

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Mathematics, 01.07.2019 07:10, gabby0524

lionel cooper paid for a new mechanic's tools with an installment loan of $6,000 at 8% for 36 months with a monthly payment of $187.80. after 20 payments, the balance is $2,849.08. he pays off the loan when the next payment is due. a.) what is the current month's interest? b.) what is the final payment? c.) how much is saved by paying off the loan early?

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Mathematics, 21.07.2019 13:00, teagan1716

Luis wants to buy a home priced at $315,000. he plans to finance this amount less the down payment required. his mortgage payment would then be $2100. luis has an annual income of $91,500 and $65,000 in savings. luis has a car payment of $370, a student loan payment of $165 and a credit card payment of $45. use a 20% down payment and the 28/36 ratio to determine if luis is eligible for a loan. what would you advise him to do if he is not eligible? a. luis is eligible for a home loan; he meets all of the requirements. b. luis is not eligible for a home loan; he should continue to save for a down payment. c. luis is not eligible for a loan; he should look for a cheaper house. d. luis is not eligible for a loan; he should reduce his recurring debt.

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Mathematics, 17.09.2019 06:30, samgirl2000

Jocelyn is considering taking out one of the two following loans. loan h is a three-year loan with a principal of $5,650 and an interest rate of 12.24%, compounded monthly. loan i is a four-year loan with a principal of $6,830 and an interest rate of 10.97%, compounded monthly. which loan will have the smaller monthly payment, and how much smaller will it be? round all dollar values to the nearest cent. a. loan h's monthly payment will be $42.46 smaller than loan i's. b. loan h's monthly payment will be $140.79 smaller than loan i's. c. loan i's monthly payment will be $11.88 smaller than loan h's. d. loan i's monthly payment will be $26.98 smaller than loan h's.

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