Tuesday
October 21, 2014

Homework Help: Algebra

Posted by Anonymous on Monday, March 21, 2011 at 3:54pm.

You have just graduated from college and landed your first big job. You have always dreamed of being a homeowner, and after carefully shopping for your dream home, you find one that you would like to purchase at a cost of $250,000. After researching banks to find the best interest rate, you find that Banks for Homeowners offers the best rate of 6% interest that compounds monthly for 30 years.

* What is the monthly payment for this loan?
* What is the unpaid balance of the loan at the end of 5 years?
* What is the unpaid balance at the end of the 10th year?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

algebra - You have just graduated from college and landed your first big job. ...
ALGEBRA - Part III: Mathematics of Finance You have just graduated from college ...
math - You have just graduated from college and landed your first big job. You ...
math - You have just graduated from college and landed your first big job. You ...
math - To purchase your first home, you may be required to borrow funds from a ...
English - Can someone help me with the intro of my essay. my teacher says I have...
math 140 math for professional - Assignment Part I: A system of equations can ...
Word problem solving with graph equation - Assignment Part I: A system of ...
English - I hope you could answer some of my questions this time Can you say: I ...
English - I did some of the corrections myself (in parentheses). Could you ...

Search
Members