Mathematics

Mathematics, 24.08.2019 12:20, necolewiggins3083

What would the monthly payment be for a $5,000 loan with a 6.25% interest rate compounded monthly spread over 60 months? a. $25.31 b. $97.25 c. $217.00 d. $320.95

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Mathematics, 02.07.2019 00:30, OinkFred

Compare the monthly payment amount of annabelle's dream car at two different car dealerships. dealership a: the car costs $30,000, and the loan has an annual interest rate of 4.8%. dealership b: the car costs $29,800, and the loan has an annual interest rate of 5,4%. determine the monthly payment for each dealership, and decide which is cheaper. both interest rates are compounded monthly. both loans are for 5 years, or 60 months. assume that there is no down payment.

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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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Business, 18.10.2019 07:00, rivman10

The monthly payment for a home loan is given by a functionf(p, r, n),where p is the principal (the initial size of the loan), r the interest rate expressed as a decimal (a 6% interest rate is denoted by r = 0.06), and n the length of the loan in months. if p = $100,000, r = 0.06, and n = 240 (a 20-year loan), then the monthly payment is f(100,000, 0.06, 240) = 716.43. furthermore, with these values, we have? f? p= 0.0072,? f? r= 5,769,? f? n= ? 1.5467.estimate the following values.(a) the change in monthly payment per $1,000 increase in loan principal.? f = $) the change in monthly payment if the interest rate increases to r = 6.5%.? f = $) the change in monthly payment if the length of the loan increases to 24 years.? f = $

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Business, 10.11.2019 03:31, MissDumb1

You purchase a home and secure a 30 year equal payment loan for $200,000 at a interest rate of 5.25% apr compounded monthly. after 5 years the interest rate drops to 4.75% apr compounded monthly. the bank is charging 2 points to originate the new loan. how many months do you need to stay in the house after the refinance to make the refinance a benefit (round to next month)?

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