if we take out $230,000, 15 year mortgage with a rate of 6.6% what are the monrhly payments?

Q: Find the payment necessary to amortize a 4% loan of $2000 compounded quarterly, with 10 quarterly…

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Q: 3. In order to purchase a home, a family borrows $70,000 at 12% for 15 years. What is the monthly…

A: In this question, we need to find the monthly payment to amortize the loan.

Q: If Sound Design sends in a partial payment of $40,000.00 within the discount period, what is the net…

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Q: Compute the monthly payments for an add on interest loan of 2560, with an annual interest rate of 6%…

A: Principal = 2560 Annual interest rate = 6%  Term = 5 years We need to find monthly payment.

Q: Tom is  considering purchasing a consol that promises annual payments of $4.  If the current…

A: Here, the annual payments of consol is $4 and the current interest rate is 5 %. Price of the consol…

Q: Find the future value of a simple interest loan of $18,000 at 6.1% interest for 9 months Give your…

A: As we know that the simple interest on a principle P with interest rate r for t times is(t=years)…

Q: What amortization payment (in $) would you need to make each month at 24% interest compounded…

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Q: If the proceed of a loan of P25,000.00 will be paid with P27,000.00 at the end of 1 year and 3…

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Q: If a loan is to be repaid in 4 years making semi-monthly payments, how many payments will be made?

A: Given that a loan repaid in 4 years. And making semi-monthly payments. We have to find How many…

Q: The sale of a property provides for payments of $6,000 due at the beginning of every three months…

A: Quarterly payment =$6000 Quarterly rate =2.266917% The effective rate for 3 months 1+0.09123 Number…

Q: Suppose a graduate student receives a non-subsidized student loan of $13,000 for each of the 4 years…

A: The term non-subsidized student loans refer to the loan in which the interest starts to accrue as…

Q: A loan of 26,100 is to be repaid with monthly payments for 20 years at 12% interest compounded…

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Q: Consider a 30-year fixed-rate home loan of $419,500 with an interest rate of 3.625%. What is the…

A: The formula to calculate the EMI that is the equal monthly installment is: Here, P is the loan…

Q: Calculate the present value of a loan that could be cleared by payments of $3,400 at the end of…

A: This is the problem of financial math.

Q: Although each payment is the same, with each successive payment the interest portion and the portion…

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Q: Find the payment necessary to amortize a 8% loan of $800 compounded quarterly, with 16 quarterly…

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Q: A ripped motorcycle can be purchase for P10,000 cash or an installment basis with P2000 down payment…

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Q: (a) What is the rebate fraction of a 36 month loan paid off after the 13th payment?

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: Find the payment necessary to amortize a 4% loan of $2300 compounded quarterly, with 15 quarterly…

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Q: hat is the

A: The present value of the loan is given by the formula: Present value=Cash flow×1-1+r-nr Where r is…

Q: 7. If a house is sold for P3,000,000 and the bank requires 20% down payment, find the amount of the…

A: Mortgage

Q: Suppose your bank has a minimum interest policy for single-payment loans of $60. Using ordinary…

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Q: Determine the yearly payment if Mr. Kofilala takes a loan of 30,00 ghana cedis for 10 years with an…

A: Consider the given information. P=30,000 ghana cedis, r=0.5% per month, t=10 years. The continuous…

Q: Find the payment necessary to amortize a 4% loan of $1600 compounded quarterly, with 9 quarterly…

A: Given that , P=1600r=4%=4100=0.04n=9 find the payment size to authorize the loan.

Q: Find the amount of an ordinary annuity of 20 semi-annual payments of P1, 000 if interest rate is 12%…

A: To find The amount of an ordinary annuity.

Q: Find the monthly house payments necessary to amortize a 9.6% loan of $266,200 over 15 years. The…

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Q: Find the payment necessary to amortize a 12% loan of $1700 compounded quarterly, with 8 quarterly…

A: Solution

Q: The Tomac Swim Club arranged short-term financing of $15,600.00 on July 19 with the Bank of Commerce…

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Q: If you take out a $99,000 30-year mortgage at 7.1% compounded monthly: a. What is your Monthly…

A: We are interesting in finding the monthly payment for a  $99,000 mortgage at 7.1 % for 30-year . Use…

Q: What is the monthly payment on a 20 year, $577,000 mortgage, with an interest rate of 6%, compounded…

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Q: Suppose that an annuity has a present value of P = 1 million dollars. What interest rate r would…

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Q: Noreen Leung has agreed to purchase her partner’s share in the business by making payments of $1,100…

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Q: 15.) Find the APR to the nearest half-percent on a $3700 loan that is repaid at 7% add-on interest…

A: answer is in next step

Q: Mr. and Mrs. Onez bought a house and lot with a down payment of P1,000,000.00 and a yearly payment…

A: Given down payment =106, yearly payment =2×105

Q: When buying on installment, what is the formula for calculating the periodic payments?

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Q: What is the present value of a loan when a monthly payment of P3, 250 is needed to extinguish for…

A: To solve the given problem we shall use the following formula…

Q: Consider a student loan at $12,500 at a fixed APR of 12% for 25 years the total payment over the…

A: Given information Loan=$12,500 Fixed APR r=12% ⇒r=12100=0.12 Time t=25 years First of all we will…

Q: What is the present value of an annuity that consists of 30 monthly payments of $300 at an interest…

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Q: A bond issue is approved for building a regular payments of $96,000 every quarter into a sinking…

A: Given: To find the interest and amount how much will the city have to pay, The given details: i =…

Q: What amortization payment (in $) would you need to make each month at 24% interest compounded…

A: Given information PV=$17,000 Rate of interest r=24% Since, interest is compounded monthly Hence,…

Q: If you want to be paid from a 10 year ordinary annuity with a guaranteed rate of 7.01% compounded…

A: We have ,  Given  t = 10 years and r = 7.01% compounded annually Received amount  A = $2000 We know…

Q: A homebuyer wishes to finance the purchase with a $95,000 mortgage with a 20-year term. What is the…

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Q: What is the present value of an annuity that consists of 20 semiannual payments of $1000 at an…

A:

Q: Find the present value of an annuity-immediate that lasts five years and pays $3,000 at the end of…

A: To find the present value of annuity - immediate that last five years. To find this, we first…

Q: Find the monthly house payments necessary to amortize a 9.6% loan of $145,900 over 15 years. The…

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Q: Find the simple interest on a loan of P65,000 if the loan is given at a rate of 20% and is due in 3…

A: Since you have posted multiple questions and we can answer one question. So, answering the first…

Q: Suppose that an annuity will provide for 20 annual payments of 1540 dollars, with the first payment…

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Q: If a 12-day single payment loan has a periodic interest rate of 11.2%, what is the approximate APR…

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Q: What amortization payment (in $) would you need to make each month at 12% interest compounded…

A:

Q: What is the monthly payment on a 20 year $577,000 mortgage with an interest rate of 6% compounded…

A: