# Statistics

The graph and table below give the monthly principal and interest payments for a mortgage from 1999 to 2004. Use this information to predict the payment for 2005.
1999

1. 👍
2. 👎
3. 👁

## Similar Questions

1. ### FP/101

Which of the following is considered an advantage of home ownership? A. You are responsible for all repairs and maintenance. B. Interest paid on the mortgage of your home is tax deductible. C. Mortgage payments are always lower

Sue Stitch buys a sewing machine. The price, including tax, is \$575.00. She finances the sewing machine over 24 months after making a \$25 down payment. The true annual interest rate is 15%. What are Sue's monthly payments

3. ### Financial

You need a 30-year, fixed-rate 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 360-month loan. However, you can afford monthly payments of only \$925, so you

4. ### 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

1. ### Math

The average monthly mortgage payment including principal and interest is \$982 in the United States. If the standard deviation is approximately \$180 and the mortgage payments are approximately normally distributed, find the

2. ### Algebra 2

Consider the mortgage loan of \$150,000 at a nominal 6% yearly interest applied monthly at a rate of .5% per month. Monthly payments of \$1,000 are being made on this loan. Evaluate how much is owed after 1 month.

3. ### 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

4. ### Finite Math

Five years ago, Diane secured a bank loan of \$370,000 to help finance the purchase of a loft in the San Francisco Bay area. The term of the mortgage was 30 years, and the interest rate was 10% per year compounded monthly on the

1. ### math

The Sandersons are planning to refinance their home. The outstanding principal on their original loan is \$100,000 and was to amortized in 240 equal monthly installments at an interest rate of 11%/year compounded monthly. The new

2. ### 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

3. ### cis

1. Find a mortgage loan calculator to determine what your monthly payments would be on a new house borrowing \$200,000 for 15 years at 3.5% interest. What is your monthly payment? (Include the URL)

4. ### math

Jon Ericson bought a home with a 11.5% adjustable rate mortgage for 20 years. He paid \$10.67 monthly per thousand on his original loan. At the end of 2 years he owes the bank \$50,000. Now that interest rates have gone up to 13%,