#16 rmal textCambriaBIUA12三2.3 .D.PIUU.0314A.PI0O. TJ5.C. $98.45D. $68.4516. Find the total interest for a four year loan compounded monthly of $12,000 at(1+£)"-19% interest. pymt-= P(1+ 5)"%3DA. $2,333.76C. $1,573.82B. $2,003.33D. $1,205.3217. What is the smallest factor when considering a loan on a home.A. Length of time loan is forC. LocationB. Interest rateD. Price of home[国田 Normal textCambriaBIUA三12%3DA. PI0O.TJD. PIVO.03C. $98.45D. $68.4516. Find the total interest for a four year loan compounded monthly of $12,000 at9% interest. pymt--5-1 - P(1+ )ntA. $2,333.76C. $1,573.82B. $2,003.33D. $1,205.3217. What is the smallest factor when considering a loan on a home.A. Length of time loan is forC. LocationB. Interest rateD. Price of home

“Since you have asked multiple question, we will solve the first question for you. If you want any…

Answered: 16. Find the total interest for a four…

16. Find the total interest for a four year loan compounded monthly of $12,000 at 9% interest. pymt- P(1+ 5)" %3D A. $2,333.76 C. $1,573.82 B. $2,003.33 D. $1,205.32

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Question

#16

rmal text
Cambria
BIUA
12
三
2.
3 .
D.PIUU.03
14
A.PI0O. TJ
5.
C. $98.45
D. $68.45
16. Find the total interest for a four year loan compounded monthly of $12,000 at
(1+£)"-1
9% interest. pymt-
= P(1+ 5)"
%3D
A. $2,333.76
C. $1,573.82
B. $2,003.33
D. $1,205.32
17. What is the smallest factor when considering a loan on a home.
A. Length of time loan is for
C. Location
B. Interest rate
D. Price of home
[国
田

Normal text
Cambria
BIUA
三
12
%3D
A. PI0O.TJ
D. PIVO.03
C. $98.45
D. $68.45
16. Find the total interest for a four year loan compounded monthly of $12,000 at
9% interest. pymt-
-5-1 - P(1+ )
nt
A. $2,333.76
C. $1,573.82
B. $2,003.33
D. $1,205.32
17. What is the smallest factor when considering a loan on a home.
A. Length of time loan is for
C. Location
B. Interest rate
D. Price of home

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