# 12. You have a loan for \$150,000 at 5% on a 30-year mortgage. You plan to pay off your loan in 10 years. Do you want your loan to be figured using the Rule of 78 or the Unpaid Principle Balance Rule?

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math
You have a loan for \$150,000 at 5% on a 30-year mortgage. You plan to pay off your loan in 10 years. Do you want your loan to be figured using the Rule of 78 or the Unpaid Principle Balance Rule?

Math
you have a loan for \$150,000 @ 5% on a 30 yr mortgage. You plan to pay off your loan in 10 yrs, Do you want your loan to be figured using the "Rule of 78" or the "Unpaid Principal Balance Rule" please help if possible Thanks in advanced

Math
You have aloan for 150,000 at 5% on a 30 yr mortgage. You plan to pay off your loan in 10 yrs. Do you want your loan to be figured using the Rule of 78 or the Unpaid Principle Balance Rule or something else.

finance
You take out a 25-year \$210,000 mortgage loan with an APR of 12% and monthly payments. In 16 years you decide to sell your house and pay off the mortgage. What is the principal balance on the loan?

Finance
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statistics
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Finance 101
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Finance
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math
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Math
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Math
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finance
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Finance: Mortgages
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Finance
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math - interest rates
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Finance
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Finance
. Mr. Kane recently borrowed \$15,000 from his Aunt Jemima, and he has promised to pay his aunt \$5,000 per year at 15%. How long will it take Mr. Kane to pay off the entire loan from his aunt? 2. You just borrowed \$1,000 from Mr. Loan Shark. Mr. Shark requires you to pay \$150 ...

SMU
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Mortgage Class
A borrower received a 30-year ARM mortgage loan for \$120,000. The start rate was 3.50% and the loan adjusts every 12 months for the life of the mortgage. Rate caps are 3/2/6. The index used for this mortgage is the LIBOR. For this exercise, let’s say it was 3.00% at the ...

Loans
A borrower received a 30-year ARM mortgage loan for \$120,000. Rate caps are 3/2/6 (first adjustment/subsequent adjustments/total over the life of the loan). The start rate was 3.50% and the loan adjusts every 12 months for the life of the mortgage. The index used for this ...

public finance
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f
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math
what formula would i use to solve for this: Loan Interest A developer needs \$80,000 to buy land. He is able to borrow the money at 10% per year compunded quarterly. How much will the interest amount to if he pays off the loan in 5yrs? You need a loan amortization table to ...

math
Five years ago, you bought a house for \$151,000, with a downpayment of \$30,000 which meant you took out a \$121,000 loan. Your interest rate was 5.75% fixed. You would like to pay more on your loan. You check your bank statement and find the following information. Escrow ...

Finance
Consider the following scenario: John buys a house for \$150,000 and takes out a five year adjustable rate mortgage with a beginning rate of 6%. He makes annual payments rather than monthly payments. Unfortunately for John, interest rates go up by 1% for each of the five years ...

Finance
Consider the following scenario: John buys a house for \$150,000 and takes out a five year adjustable rate mortgage with a beginning rate of 6%. He makes annual payments rather than monthly payments. Unfortunately for John, interest rates go up by 1% for each of the five years ...

math
Loan #1 Year Amount owed 1 \$3796 2 \$3942 3 \$4088 Loan # 2 Year Amount owed 1 \$977.53 2 \$1036.18 3 1098.35 For loan #1 is simple interest. Loan #2 is compound interest How much was each loan originally Determine the future value of each loan after 10 years

Finance
You have arranged for a loan on your new car that will require the first payment today. The loan is for \$32,000, and the monthly payments are \$620. Required: If the loan will be paid off over the next 60 months, what is the APR of the loan?

Finance
You have just purchased a new warehouse. To finance the purchase, you have arranged for a 30-year mortgage loan for 80 percent of the \$2,800,000 purchase price. The monthly payment on the loan will be \$22,000. a. What is the effective annual rate (EAR) on this loan?

math
Loan #1 Year Amount owed 1 \$3796 2 \$3942 3 \$4088 Loan # 2 Year Amount owed 1 \$977.53 2 \$1036.18 3 1098.35 For loan #1 is simple interest. Loan #2 is compound interest How much was each loan originally Determine the future value of each loan after 10 years No one has answered ...

MATH
Five years ago, you bought a house for \$151,000, with a down payment of \$30,000, which meant you took out a loan for \$121,000. Your interest rate was 5.75% fixed. You would like to pay more on your loan. You check your bank statement and find the following information: Escrow ...

finance
You borrow \$149,000 to buy a house. The mortgage rate is 7.5 percent and the loan period is 30 years. Payments are made monthly. If you pay for the house according to the loan agreement, how much total interest will you pay?

math
Andy needs to pay off a loan of \$18,000 in 5 years. Find the amortization payment he would need to make each bi-monthly pay period (twice a month) at 6% compounded bi-monthly, in order to pay off the loan.

Andy needs to pay off a loan of \$18,000 in 5 years. Find the amortization payment he would need to make each bi-monthly pay period (twice a month) at 6% compounded bi-monthly, in order to pay off the loan.

Math
Andy needs to pay off a loan of \$18,000 in 5 years. Find the amortization payment he would need to make each semi-monthly pay period (twice a month)at 6% compounded bi-monthly, in order to pay off the loan.

Math
Andy needs to pay off a loan of \$18,000 in 5 years. Find the amortization payment he would need to take each semi-monthly pay period (twice a month) at 6% compounded bi-monthly, in order to pay off the loan.

Finance
You are considering borrowing \$150,000 to purchase a new home. a. Calculate the monthly payment needed to amortize an 8 percent fixed-rate 30-year mortgage loan. b. Calculate the monthly amortization payment if the loan in (a) was for 15 years.

Finance
Could someone tell me how to calculate this in excel? You are applying for a 30-year, fixed-rate (APR 6.50%), monthly-payment-required mortgage loan for a house that sells for \$80,000 today. The mortgage bank will ask you for 20% initial down payment (in cash, paid immediately...

Math
You need \$200,000 to buy a new home. The bank offers a choice of a 30-year loan at an APR of 8% or a 15-year loan at 7.5%. Assume the closing costs are the same for both loans. a) Compare the monthly payments for these two loan options. b) Compare the total loan costs for ...

Finance
Sauerfood company has decided to buy a new computer system with an expected life of 3 yrs. the cost is 150,000.the comapny can borrow \$150,000 for 3yrs at 10% annual interest or for one yr at 8% annual interest. How much wld sauer save in interest over the 3 yr life of the ...

Maths
Firm has a \$500,000 loan with 9% APR (compounded monthly) Loan is 5-yr based on a 15-yr amortization, meaning loan payments will be calculated as if you take 15 years to pay off the loan, but actually must do so in 5 yr. To do this, you make 59 equal payments based on the 15-...

math
Susan Borrowed \$5000. The term of the loan is 12% compouned monthly for 3 years. what is the monthly payments? How much must she pay at the end of of 1 year to pay the balance off? How much did she save in interest by paying the loan off in one year??

Maths
Mortgage company lets you pay a point (1% of total amount of loan)to reduce APR from 6.5% to 6.25% on a \$400,000 30-yr mortgage with monthly payments. Plan to be in house for at least five years. Should you pay the point?

algebra
How would you solve this math equation? this is really confusing to me. Ms.Martin was researching the costs of financing \$125,000 for a home. She found that the monthly payment for a 6.875% loan for 30 years would be \$821.16 per month. She found that the monthly payment for a ...

You have saved \$15,000 for down payment on a car costing \$55,000, and plan to finance the rest with a 5-year loan. The dealer is offering you a loan with a monthly payment of \$1,050. What effective annual rate of interest is the dealer charging on the loan

math
Jill Ley took out a loan to pay for her child's education for \$60,000 the loan wouls be repaid at the end of 8 years in one payment with an interest of 6 percent the total amount Jill has to pay back at the end of the loan is.

Jill Ley took out a loan to pay for her child's education for \$60,000. The loan would be repaid at the end of 8 years in one payment with an interest of 6 percent. The total amount Jill has to pay back at the end of the loan is:

math
Jill Ley took out a loan to pay for her child's education for \$60,000. The loan would be repaid at the end of 8 years in one payment with an interest of 6 percent. The total amount Jill has to pay back at the end of the loan is: (Points : 1)

Fiancial Management
You decide to purchase a building for \$30,000, you put \$5,000 down payment. The banks offers you a 15 yr mortgage requiring annual end of year payments of \$3,188. The bank also requires you to pay a 3% loan originatio fee. Compare the annual % rate of interest on this loan.

Real Estate
Smith purchases a home and obtains a \$65,000 loan. The principal and interest payments are \$8.54 per \$1,000. The loan is for 30 years at 9%. How much does Smith pay in total interest over the life of the loan?

Algebra: Statistics
Five years ago, you bought a house for \$151,000, with a down payment of \$30, 000, which meant you took out a loan for \$121,000. Your interest rate was 5.75% fixed. You would like to pay more on your loan. You check your bank statement and find the following information. Escrow...

math
A flower shop owner wants to pay off the loan on a used delivery van that was purchased 11 months ago. The 2-year installment plan used to purchase the van included a \$280 finance charge and called for payments of \$230 monthly. What amount is needed to pay off the loan?

algebra
Five years ago, you bought a house for \$171,000. You had a down payment of \$35,000, which meant you took out a loan for \$136,000. Your interest rate was \$5.6% fixed. You would like to pay more on your loan. You check your bank statement and find the following information. ...

math
Five years ago, you bought a house for \$171,000. You had a down payment of \$35,000, which meant you took out a loan for \$136,000. Your interest rate was \$5.6% fixed. You would like to pay more on your loan. You check your bank statement and find the following information. ...

math
Five years ago, you bought a house for \$171,000. You had a down payment of \$35,000, which meant you took out a loan for \$136,000. Your interest rate was \$5.6% fixed. You would like to pay more on your loan. You check your bank statement and find the following information. ...

finance
You take out a 30- yr mortgage loan, purchase price is \$120,000 put \$20,000 down and finances the balance of \$100,000 at fixed annual loan rate of 12%, what will be your monthly payment? How much total interest will you have paid at the end of 30 years?

math
76% of all clients who apply for SBA loan are approved for the loan. Of the clients who are approved 84% pay the loan back in full. If 5,000 clients applied for the SBA loan 10 years ago, how many of them paid the loan back in full?

Economics
Engineering Economics Essay 1: You wish to purchase a home for \$150,000 and you can put down 10% of this price as down payment. You can get a 20 year fixed rate mortgage loan for 6.0% with no points. You can optionally decide to pay 2 points to bring the mortgage rate down to ...

Engineering Economics Essay Question: You wish to purchase a home for \$150,000 and you can put down 10% of this price as down payment. You can get a 20 year fixed rate mortgage loan for 6.0% with no points. You can optionally decide to pay 2 points to bring the mortgage rate ...

Fianance
Jake is looking at refinancing his mortgages and paying off his credit cards at the same time. Currently, his debt situation is as follows: First mortgage: 6%, 30 years due 20xx (15 years left) \$269,238 Second mortgage: 8%, interest only due in 15 years \$80,000 Credit cards: ...

Algebra
Financial Project Five years ago, you bought a house for \$171,000. You had a down payment of \$35,000, which meant you took out a loan for \$136,000. Your interest rate was \$5.6% fixed. You would like to pay more on your loan. You check your bank statement and find the following...

math
jamie tookout \$3000 loan, due in 4 years. if interset is 5.7% per year, compounded semi-annualy how much should jamies crediter be willing to except to pay off the loan today?

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I need to find the mortgage loan amount and can't remember how to do it. The borrowers have a combined gross monthly income of \$50,400. Sale price is \$190,000 and buyers are able to obtain a 90% conventional FNMA/FHLMC loan at 4 3/4% for 30 years. The annual PMI premium is .46...

Loan
Borrower Brown borrowed \$8,000 from the bank. He will pay 6% simple interest on the remaining balance of the loan in semi-annual equal PRINCIPAL payments for four years. How much total interest will Borrower Brown pay over the life of his loan?

finance
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Maths
Car loan interest rate is 7% loan payment \$600 month 36 months left on loan If pay an addition \$1000 with next regular \$600 payment (due in a month), how much will it reduce the amount of time left to pay off the loan?

math
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Exam060321RR Business and Fanance Basic 1
Jill ley took out a loan for\$60,000 to pay for her childs education.The loan must be repaid at the end of the eight years in one payment with interest of 6%.The total amount jill has to pay back at the end of the loan is a\$28,800 b.\$80,800 c. \$88,808 d.\$88,008

Finance
you have contacted a number of dearlerships to determine the best interest rate on a new car loan, dealship quoted a 5 year, 10% loan in the amount of \$35,000 that will require monthly payments. What is the monthly loan payment. And what will the loan effective annual interest...

Finance
you have contacted a number of dearlerships to determine the best interest rate on a new car loan, dealship quoted a 5 year, 10% loan in the amount of \$35,000 that will require monthly payments. What is the monthly loan payment. And what will the loan effective annual interest...

Finance
you have contacted a number of dearlerships to determine the best interest rate on a new car loan, dealship quoted a 5 year, 10% loan in the amount of \$35,000 that will require monthly payments. What is the monthly loan payment. And what will the loan effective annual interest...

Finance
you have contacted a number of dearlerships to determine the best interest rate on a new car loan, dealship quoted a 5 year, 10% loan in the amount of \$35,000 that will require monthly payments. What is the monthly loan payment. And what will the loan effective annual interest...

accounting
John borrows \$150,000. The terms of the loan are 7.5% over the next 5 years. It is important to note that he makes annual rather than monthly payments. Construct a loan amortization schedule that shows the 5 payments of John's loan. EXCEL TEMPLATE

college loan
if i take out a loan for \$10,000.00 and pay \$300.00 a month at 5.00 % interest how long until paid off ?

Finance
You have just purchased a new warehouse. To finance the purchase, you've arranged for a 30-year mortgage loan for 80 percent of the \$2,800,000 purchase price. The monthly payment on this loan will be \$17,000. What is the APR and ERA?

math
Payments of \$1690 at the end of every six months will pay off the balance owed on a loan in 9.5 years. If the interest rate on the loan is 9.9% compounded semiannually, what is the current balance on the loan? (Do not round intermediate calculations and round your final answer...

math
. Richard took a loan of 10,000 at a rate of 4%. If he paid \$16,00 in interest, how many years did it take him to pay back the loan?

Math
hollis is paying off 2 student loans. One loan charges 7% interest, per year. The other loan charges 9 % interest per year. He owes \$1500 more on the 7% loan than he does on the other. Last year he paid a total of \$617.00 in interest. what does he owe on each loan what is 2,...

Algebra
Wanda took out a personal loan for \$16,000 at 9% simple interest. How much interest will she pay after 5 years? Suppose she pays off the loan in 3 years instead of 5 years. How much money will she save in interest?

Math
Shantle and Kwamie are planning to buy their first home. Although they are excited about the prospect of being homeowners, they are also a little frightened. A mortgage payment for the next 30 years sounds like a huge commitment. They visited a few developments and scanned the...

math
Richard took a loan of \$10,000 at a rate of 5%. If he paid \$2,500 in interest, how many years did it take him to pay back the loan?

Plz Hellp
Wanda took out a personal loan for \$16,000 at 9% simple interest. How much interest will she pay after 5 years? Suppose she pays off the loan in 3 years instead of 5 years. How much money will she save in interest?

In a discount interest loan, you pay the interest payment up front. For example, if a 1-year loan is stated as \$10,000 and the interest rate is 10 percent, the borrower “pays” 0.10 x \$10,000 = \$1,000 immediately, thereby receiving net funds of \$9,000 and repaying \$10,000 ...

Math
Suppose you borrowed \$25,000 for a car at an APR of 8%, which you are paying off with monthly payments of \$510 for 5 years. a) What’s the loan principal? b) What’s the annual interest rate? c) How many payments do you make in a year? d) What’s the loan term? e) What’s ...

Corporate Finance
You have just taken a 30-year mortgage loan for \$200,000. The annual percentage rate on the loan is 8%, and payments will be made monthly. Estimate your monthly payments.

math
A man borrows \$50,000 towards the cost of a house. Compound interest is charge on the loan at 125 per annum. He agrees to pay back the loan in 25 equal installments, at yearly intervals, the first repayment being made exactly 1 year after the loan is taken out. Calculate the ...

Math
1.--Cody and Carolyn have a 20/7 balloon mortgage for \$216,000 with a rate of 4.55%. How much will they pay in interest over the life of the loan? 2.--Sarah finances \$549,000 with a 30/6 balloon mortgage at 5.35%. How much will she pay for principal and interest over the life ...

eco
Suppose a person pays \$80 of annual interest on a loan that has a 5 percent annual interest rate. The loan amount is: A. \$400. B. \$1,600. C. \$160. D. \$85. 10. Suppose a loan customer is considering two alternative \$22,000 loans. Loan 1 requires payment of \$1,100 of interest ...

finance
You have been living in the house you bought 10 years ago for \$300,000. At that time, you took out a loan for 80% of the house at a fixed rate 15-year loan at an annual stated rate of 9%. You have just paid off the 120th monthly payment. Interest rates have meanwhile dropped ...

finance
You have been living in the house you bought 10 years ago for \$300,000. At that time, you took out a loan for 80% of the house at a fixed rate 15-year loan at an annual stated rate of 9%. You have just paid off the 120th monthly payment. Interest rates have meanwhile dropped ...

Finance
You have been living in the house you bought 6 years ago for \$250,000. At that time, you took out a loan for 80% of the house at a fixed rate 25-year loan at an annual stated rate of 9.5%. You have just paid off the 72th monthly payment. Interest rates have meanwhile dropped ...

Finance
You have been living in the house you bought 6 years ago for \$250,000. At that time, you took out a loan for 80% of the house at a fixed rate 25-year loan at an annual stated rate of 9.5%. You have just paid off the 72th monthly payment. Interest rates have meanwhile dropped ...

finance
You have just purchased a new warehouse. To finance the purchase, you’ve arranged for a 25-year mortgage for 75 percent of the \$3,600,000 purchase price. The monthly payment on this loan will be \$17,700. What is the APR on this loan?

accountancy
You have been living in the house you bought 10 years ago for \$500,000. At that time, you took out a loan for 80% of the house at a fixed rate 30-year loan at an annual stated rate of 6%. You have just paid off the 120th monthly payment. Interest rates have meanwhile dropped ...

Finance
(15 points) You have been living in the house you bought 10 years ago for \$300,000. At that time, you took out a loan for 80% of the house at a fixed rate 15-year loan at an annual stated rate of 9%. You have just paid off the 120th monthly payment. Interest rates have ...

Economics
Calculate the total dollar amount paid for a house purchased for \$200,000. The buyer paid \$50,000 as down payment and the remaining \$150,000 was obtained with a closed mortgage having a 25 year loan at 10% interest compounded semi-annually and a monthly payment period. Assume ...

Finance
You have just started your first job and you want to have the basic appliances (fridge, washer, dryer, etc.) in your apartment. You face the following choices: (i) Purchase all appliances at the store using a bank loan. There is no down payment as the bank can take your ...

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