Posted by Pascal on Thursday, May 26, 2011 at 1:23am.
loan made july 15, length of loan 150, date of discount november 20. how many days is the discount period

business math  Reiny, Thursday, May 26, 2011 at 7:28am
I am sure you can count days on a calendar just as well as I can.

business math  ivet, Monday, June 20, 2011 at 12:13pm
Ben and Mal Scott plan to buy a home for $272,900. They will make a 10% down payment, and qualify for a 25year, 7% mortgage loan.
a. What is the amount of their monthly payment?
b. how much interest will they pay over the life of the loan?

business math  M, Thursday, March 5, 2015 at 8:53pm
1. Find down payment.272900* 0.1.
2. Hence Future value = (272900  down payment).
3. Use I = 0.07, n= 25 and apply future value formula to get PMT.
FV = PMT ((1+ i)^n 1)

i
To get interest, PMT * 25  FV.
Answer This Question
Related Questions
 algebra  The following note was discounted at 16%. Find (a) the discount period...
 Business math  I have a loan made april 5th, face value 8500 length 90 days, ...
 Business Math  Date of Note March 11, length of note 200 days, Date of discount...
 math bus 105  Calculate (a) interest and maturity value, (b) discount period, (...
 Business Math  Using the dating method, calculate the discount date and the net...
 math  what is the discount period, bank discount, and proceeds on 25000.00 at 9...
 math  Please I just cant figure out how to get the discount, thank you I have a...
 Finance  Can anyone explain to me how to use this formula? Cost of failing to ...
 business math  Term of Loan/Date of Loan using Banker's Rule? I need helps in ...
 Math Business  Janet got 671.50 in cash as the proceeds form a loan of $680. ...
More Related Questions