a. Find the monthly payments

  1. Mr. Lopez borrows $290,000.00 that at 4.7% interest, compounded monthly. He will make payments monthly in the amount of
    1. answers icon 1 answer
    2. views icon 86 views
  2. 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. answers icon 1 answer
    2. Blaire asked by Blaire
    3. views icon 1,063 views
  3. 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. answers icon 2 answers
    2. Blaire asked by Blaire
    3. views icon 522 views
  4. 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. answers icon 1 answer
    2. Darlene asked by Darlene
    3. views icon 540 views
  5. 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. answers icon 2 answers
    2. Nancy asked by Nancy
    3. views icon 2,427 views
  6. 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. answers icon 1 answer
    2. Daniel asked by Daniel
    3. views icon 566 views
  7. 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. answers icon 1 answer
    2. Joyce asked by Joyce
    3. views icon 713 views
  8. Jenny purchases a piano for rm 7000. She pays down payment of rm 2000 and agrees to pay the balance in 15 equal monthly
    1. answers icon 1 answer
    2. Muhammad nur ikhwan asked by Muhammad nur ikhwan
    3. views icon 716 views
  9. find the amount of an annuity that consists of 22 monthly payments of $800 each into an account that pays 2% interest per year,
    1. answers icon 1 answer
    2. jessica asked by jessica
    3. views icon 511 views
  10. 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. answers icon 1 answer
    2. views icon 29 views