Mathematics, 21.05.2020 21:16, alexdonnelly2123
Marci has taken out a loan of $5,000 for a term of 24 months (2 years) at an interest rate of 8.5%. Use the amortization table provided to complete the statement.
Monthly Payment per $1,000 of Principal
Rate 1 Year 2 Years 3 Years 4 Years 5 Years
6.5% $86.30 $44.55 $30.65 $23.71 $19.57
7.0% $86.53 $44.77 $30.88 $23.95 $19.80
7.5% $86.76 $45.00 $31.11 $24.18 $20.04
8.0% $86.99 $45.23 $31.34 $24.41 $20.28
8.5% $87.22 $45.46 $24.65 $24.65 $20.52
9.0% $87.45 $45.68 $31.80 $24.89 $20.76
Marci’s monthly payment will be $, and her total finance charge over the course of the loan will be $ .
Answers: 1
Other questions on the subject: Mathematics
Mathematics, 21.06.2019 20:30, einsigcn8481
Diane’s bank is offering 5% interest, compounded monthly. if diane invests $10,500 and wants $20,000 when she withdrawals, how long should she keep her money in for? round to the nearest tenth of a year.
Answers: 2
Mathematics, 22.06.2019 00:30, woodfordmaliky
Tim has obtained a 3/27 balloon mortgage. after the initial period, he decided to refinance the balloon payment with a new 30-year mortgage. how many years will he be paying for his mortgage in total?
Answers: 2
Mathematics, 22.06.2019 04:00, Ezekielcassese
Aaron paid $9.75 for markers that cost $0.75 each. he bought 4 times as many pencils for $0.35 each. how much did aaron pay for pencils?
Answers: 1
Do you know the correct answer?
Marci has taken out a loan of $5,000 for a term of 24 months (2 years) at an interest rate of 8.5%....
Questions in other subjects:
Chemistry, 25.09.2019 11:20
Chemistry, 25.09.2019 11:20
