Dan is planning to buy a new home that costs $130000 Find the following if Dan make a 5% downpayment. How much will Dan's down payment be? (Round to the nearest cent) How much will Dan owe after he makes the down payment? (Round to the nearest cent)
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- Nabil is considering buying a house while he is at university. The house costs $200 000 today. Renting out part of the house and living in the rest over his five years at school will net, after expenses, $2260 per month. He estimates that he will sell the house after five years for $192400. If Nabil's MARR is 5 percent compounded monthly, should he buy the house? Use annual worth, and enter YES or NO in the units box.Roger is saving up money for a down payment on a house. He currently has $5351$5351, but knows he can get a loan at a lower interest rate if he can put down $6287$6287. If he invests the $5351$5351 in an account that earns 3.5%3.5% annually, compounded monthly, how long will it take Roger to accumulate the $6287$6287? Round your answer to two decimal places, if necessary.Your are in need of cash and turn to your cousin, who offered to lend you some money. You decide to borrow $1450 and agree to pay back $1660 in two years? Rate of interest charged by cousin ?
- Kevin bought a washer and dryer for $1050 but only had a down payment of $150.00. He financed the rest using add-on interest of 9.8% and will pay it off in 18 months. Submit your answer in the form $250.00 (use the dollar sign and round to the nearest cent). How much interest will he pay on the dishwasher after the 18 months?Blank 1 After factoring in the interest, how much will he pay for the dishwasher in total?Blank 2 What would the monthly payment be?Blank 3A young couple buying their first home borrow $60,000 for 30 years at 7.1%, compounded monthly, and make payments of $403.22. After 4 years, they are able to make a one-time payment of $2000 along with their 48th payment. (a) Find the unpaid balance immediately after they pay the extra $2000 and their 48th payment. (Round your answer to the nearest cent.)$ (b) How many regular payments of $403.22 will amortize the unpaid balance from part (a)? (Round your answer to the nearest whole number.) payments(c) How much will the couple save over the life of the loan by paying the extra $2000? (Use your answer from part (b). Round your answer to the nearest cent.)$A family wishes to buy a $235,900 home. - If a conventional lender is willing to loan the family 87% of the price of the home, what will the loan amount be? What will be the down payment with the loan? - If the family decides to obtain an FHA loan instead, what will the minimum down payment be? (FHA loan down payments are 3.5% of the first $25,000 and 5.2% of the balance of the loan). What is the maximum FHA loan the family can obtain?
- Inno earns P^(180000).00 a year. If he spends (1)/(5) for food, (1)/(8) for rent, (1)/(10) for clothing, and (1)/(20) for recreation: a. How much does he spend for each? b. How much is his total expenses? c. How much does he save? d. What fractional part of his earnings is his savings?Jin decided to buy his dream car worth 1,125,000 pesos. The seller requires a 20% down payment while the rest of the payment will be settled in 15 years with an interest rate of 3% per year compounded every month. a.) Find Jin’s monthly payment. b.) If after 10 years, he decided to pay off the loan, calculate the amount he has to pay. Note: for <a.)> is the monthly payment 6215.47 or 6215.23 ?Your sister bought a condominium unit for P9 300 000 through a condominium loan which she availed of from a universal bank at a fixed annual rate of 8% for 10 years.A. What amount is financed by the bank if she is required to pay an equity of 30% of the total price of the condominium?B. How much would be your sister’s monthly amortization if she is required to pay an equity of 30% of the total price of the condominium?