Ask a New Question

The monthly payments on an

Mr. Lopez borrows $290,000.00 that at 4.7% interest, compounded monthly. He will make payments monthly in the amount of
1. 1 answer
2. 77 views
Mr. Hobbs was just about to take out a home mortage of $120,000 for 20 yrs at the rate of 10.0% compounded monthly. The monthly
1. 1 answer
2. asked by Blaire
3. 1,051 views
Mr. Hobbs was just about to take out a home mortage of $120,000 for 20 yrs at the rate of 10.0% compounded monthly. The monthly
1. 2 answers
2. asked by Blaire
3. 510 views
Suppose your gross monthly income is $5,200 and your current monthly payments are $625. If the bank will allow you to pay up to
1. 1 answer
2. asked by Darlene
3. 535 views
You are the financial manager at Best Buy where a certain TV set is normally sold for $2,500 and the full purchase price is
1. 2 answers
2. asked by Nancy
3. 2,421 views
Kate bought a new car priced at $21,300 with 15% down and the balance in equal payments over 4 years at 7% compounded monthly.
1. 1 answer
2. asked by Daniel
3. 558 views
I am borrowing $ 10,000 for 5 years at 7% . Payments are made on a monthly basis and are determined using the add- on method. 1:
1. 1 answer
2. asked by Joyce
3. 704 views
You are looking at two loans for the same amount over the same length of time. Which is true about the loan with the lower
1. 1 answer
2. 17 views
A $99,000 mortgage for 30 years at 9% APR requires monthly payments of $796.58. Suppose you decided to make monthly payments of
1. 0 answers
2. asked by Abbey
3. 810 views
Jackson investigated loans for a $15,575 car. What might happen if he found a car he liked for $10,000?(1 point) Responses He
1. 1 answer
2. asked by Landon Sharp
3. 30 views