Math
 👍
 👎
 👁
Respond to this Question
Similar Questions

Financial
You need a 30year, fixedrate mortgage to buy a new home for $235,000. Your mortgage bank will lend you the money at an APR of 5.35 percent for this 360month loan. However, you can afford monthly payments of only $925, so you

math
A store offers a loan for $900 to buy a computer. The terms of the loan are for 9% simple interest and equal monthly payments for three years. What is the monthly payment?

Finance
Audrey Sanborn has just arranged to purchase a $550,000 vacation home in the Bahamas with a 20 percent down payment. The mortgage has a 6.1 percent stated annual interest rate, compounded monthly, and calls for equal monthly

Algebra 2
Claire has borrowed $\$5,\!000$. She plans to pay off the loan in full after two payments. She will make one payment in 3 years, then another payment in 6 years. The second payment will be exactly double the amount of the first

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

Math
1. When their child was born, Elaine and Mike Porter deposited $5,000 in a savings account. The money ears interest at 6 percent compounded quarterly. How much will the account be worth when their child celebrates her second

algebra
A music company offers a loan to buy a drum set for $1500. The simple interest is 11.8% and the loan will be paid in equal monthly payments for 2 years. What is the monthly payment?

MATH
Levi would like to use a credit card to make a $3000 purchase. He is considering two credit options. The first requires a down payment of $1000 followed by monthly payments of $125. The second requires a down payment of $1300

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

Finance
Rob and laura wish to buy a new home. The price is $187,500 and they plan to put down 20%. CIBC will lend them at a fixed rate for 25 years with monthly payments. How much will Bob and Laura's monthly payment be? Assuming they pay

Finance
Loan Payments  If you take out an $8,000 car loan that calls for 48 monthly payments APR of 10 percent, what is your monthly payment? What is the effecgive annual interest rate on the loan? the montly rate is 0.10/12=.0083333...

math
Assume that you make a down payment of $2000, and you finance the remainder with a fiveyear loan at 6.9 percent APR. 20092 total cost2000 down payment=18092 interest=2.24$ What is the equation I need to use to figure out the
You can view more similar questions or ask a new question.