Questions Asked

lilbabydoll7384`:
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Chin Woo bought a home for $160,000. He put down 20 percent. The mortgage is at 8 1/2 % for 25 years. By using the table in the handbook, hi…
 updated 2 years ago
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lilbabydoll7384`:
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Stu Reese has a $150,000 7 ½ percent mortgage. His monthly payment is $1,010.10. His first payment will reduce the principal to an outstandi…
 updated 2 years ago
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lilbabydoll7384`:
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Megan Mei is charged 2 points on a $120,000 loan at time of closing. The original price of the home before the down payment was $140,000. Th…
 updated 2 years ago
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lilbabydoll7384`:
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Marvin Bass bought a home for $180,000 putting down $50,000. The rate of interest is 14% for 25 years. Calculate the total cost of interest …
 updated 2 years ago
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lilbabydoll7384`:
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Joe Jay purchases a new colonial home for $260,000 putting down 20 percent. He decided to use Loyal Bank for his mortgage. They were offerin…
 updated 2 years ago
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lilbabydoll7384`:
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Lizzy Clar bought a home for $160,000 putting down $30,000. The rate of interest is 7 percent for 25 years. The total yearly mortgage paymen…
 updated 2 years ago
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lilbabydoll7384`:
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Calculate the balance outstanding after the first payment. Given: selling price $150,000; 1/3 down; 11 percent for 25 years.
 updated 2 years ago
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lilbabydoll7384`:
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All mortgage payments must be paid
a)Weekly
b)Monthly…
 updated 2 years ago
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lilbabydoll7384`:
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Ben Brown bought a home for $225,000. He put down 20 percent. The mortgage is at 6 ½ percent for 30 years. By using the table in the handboo…
 updated 2 years ago
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lilbabydoll7384`:
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The difference between the monthly payments on a $120,000 home at 6 ½ percent versus 8% for 25 years is:
a)$81.12
b)$151.02…
 updated 2 years ago
 1 reply
 1 Medal

lilbabydoll7384`:
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Pete Frank bought a computer for $4,000. Pete put down $500 and financed the balance at 10 1/2% for 36 months. What is his monthly payment
 updated one year ago
 2 replies
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lilbabydoll7384`:
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John Sullivan bought a new Brunswick Boat for $17,000. He put a $2,500 down payment on it. The bank's loan was for 60 months. Finance charge…
 updated 2 years ago
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lilbabydoll7384`:
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Ed Sloan bought a new Explorer for $22,000. He put down $7,000 and paid $290 for 60 months. The total finance charge to Ed is:
a)$15,000
b)$…
 updated 2 years ago
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lilbabydoll7384`:
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Justin Chan bought a Scion car for a price of $8,200 putting down $800 and financing the remainder with 60 monthly payments at $179.99. The …
 updated 2 years ago
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lilbabydoll7384`:
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Neal Selznick bought a new van for $10,000. Neal put down $1,000 and paid $275 monthly for 40 months. What is the total amount of finance ch…
 updated 2 years ago
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lilbabydoll7384`:
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Able Long buys a new desk for $2,400. Able will pay back $250 per month. Monthly interest is 3 percent on the unpaid balance. Calculate the …
 updated 2 years ago
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lilbabydoll7384`:
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Maggie Grace borrowed $14,000 to travel to Italy to see her son Matty. Her loan was to be paid in 50 monthly installments of $290. At the en…
 updated 2 years ago
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lilbabydoll7384`:
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Elliott Greed borrowed $6,000 to travel to the West Coast. His loan was to be repaid in 48 monthly installments of $145. At the end of 6 mon…
 updated 2 years ago
 1 reply
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lilbabydoll7384`:
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Mia Lane bought a high definition television for $7,500. Based on her income, she could only afford to pay back $600 per month. There is 1 ½…
 updated 2 years ago
 1 Medal

lilbabydoll7384`:
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Given:
$140.10 per month Cash Price $5,600 Down Payment $0
Cash or Trade months with bank approved credit. Amount financed $5,600…
 updated 2 years ago
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lilbabydoll7384`:
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Ben Boy borrowed $8,000 from AMC Loan Co. The loan is to be repaid in 60 monthly installments of $170. At the end of 20 months Ben decided t…
 updated 2 years ago
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lilbabydoll7384`:
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Nancy Billows promised to pay her son $600 quarterly for 4 years. If Nancy can invest her money at 6 percent in an ordinary annuity, Nancy m…
 updated 2 years ago
 2 replies
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lilbabydoll7384`:
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Hunter decided to retire to Florida in 10 years. What amount should Jim invest today so that he will be able to withdraw $25,000 at the end …
 updated 2 years ago
 3 replies
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lilbabydoll7384`:
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Pete Rool made deposits of $6,000 at the end of each quarter to Rote Bank, which pays 8% interest compounded quarterly. After 3 years, Pete …
 updated 2 years ago
 1 reply
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lilbabydoll7384`:
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Lance Rice has decided to invest $1,200 quarterly for 8 years in an ordinary annuity at 4 percent. The total cash value of the annuity at en…
 updated 2 years ago
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lilbabydoll7384`:
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Lee Associates borrowed $60,000. The company plans to set up a sinking fund that will pay back the loan at the end of 12 years. Assuming a r…
 updated 2 years ago
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lilbabydoll7384`:
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10 years, Longin Company will have to repay a $60,000 loan. Assume a 4% interest rate compounded quarterly. How much must Longin pay each pe…
 updated 2 years ago
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lilbabydoll7384`:
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Jackie Bell invests $5,000 at the end of each year for 15 years. The rate of interest Jackie gets is 8 percent, annually. What is the final …
 updated 2 years ago
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lilbabydoll7384`:
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Jones Co. borrowed money that is to be repaid in 12 years. So that the loan will be paid back at end of the 12th year, the company invests …
 updated 2 years ago
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lilbabydoll7384`:
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At the beginning of each year, Bill Ross invests $1,400 semiannually at 8 percent for 9 years. The cash value of the annuity due at the end…
 updated 2 years ago
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