Jane just borrowed $500,000 to purchase a new home. The loan is for 30 years at a nominal rate of 3% per year compounded monthly. а) What is Jane's monthly payment? b) monthly payments for 5 years, i.e., 60 monthly payments? Jane would like to know how much money she would still owe the bank after making regular How much of Jane's first payment will be interest? What will be the interest portion of Jane's c) 61“ payment? d) percentage of this total payment was applied to the principal and what percentage was interest? Hint: Use answer to part (b) Over 5 years Jane has made a total payment equal to 60 x monthly payment to the bank. What

Q: A mortgage balance of ​$27,000 is to be repaid over a 12​-year term by equal monthly payments at…

A:

Q: 1. How much would the equal monthly payments be on a student loan of $10,500 that has a ten-year…

A: You mentioned only 1 and option A to solve, I will solve both of them but if you want I will solve…

Q: 2. If you borrow $5000 and, after 9 months, pay off the loan in the amount of $5500, what per annum…

A:

Q: How much must be deposited today into the following account in order to have $55,000 in 6 years for…

A: To find how much money should be deposited today .

Q: Ask someone borrowing from a five-six ( Bumbay ) money lender. How much will be charged if you want…

A: Simple interest:              SI = PRT100 where P = principle            R= rate of interest…

Q: A payment of $10,045 is due in 3 year, $18,000 is due in 4 years, and $8,100 is due in 6 years. What…

A:

Q: A bank offers a 12% interest to be compounded annually. How much should a teacher deposit now if he…

A: A bank offers a 12% interest to be compounded annually. The teacher wants to receive Php. 15000 at…

Q: Jeffrey wei received a 6 year non subsidized student loan of 31000 at an annual interest rate of…

A: Answer and explanation is given below

Q: 1. A loan of S5000 was repaid at the end of 6 months with a check for $5112.50. What simple interest…

A:

Q: Ms Daisy bought a car. After paying the down payment, the amount of the loan is Php 500,000 with an…

A: As per our guidelines we are only supposed to solve first three parts of multiple questions

Q: A payment of $13,675 is due in 2 year, $16,500 is due in 5 years, and $8,200 is due in F years. What…

A:

Q: The. Peceived a loan of $33,500.00 at 3.50% compounded quarterly to urchase machinery for its…

A: Given query is to find the time period of the loan.

Q: A mortgage of $100,050 is repaid in 240 monthly payments of $900. Determine the monthly rate of…

A: A mortgage of $100,050 is repaid in 240 monthly payments of $900. Therefore the total amount of…

Q: 2. Emma availed of a cash loan that gave her an option to pay P10,000 monthly for 1 year. The first…

A: We will find out the required value.

Q: A payment of $11,065 is due in 2 year, $20,000 is due in 4 years, and $8,800 is due in 7 years. What…

A:

Q: 2 Harry paid $250,000 for a 15-year indexed annuity in which the monthly payments received at the…

A: Given:-             Harry paid $250,000 for a 15-year indexed annuity in which the monthlypayments…

Q: A payment of $2,870 was due three years ago, and a payment of $1,600 is due today. What single…

A:

Q: c) After making a down payment of GH¢4000 for an automobile, the municipality paid GH¢400 per month…

A:

Q: A person borrowed 500,000 pesos at an interest rate of 18% compounded monthly. Monthly payments of…

A:

Q: A man borrowed P10,000.00 from his friend and agrees to pay at the end of 90 days under 8% simple…

A: # Given: principal amount P=10000  rate of interest r=8%   then to find amount to be paid at the end…

Q: Shaun Murie wants to expand his pharmacy. To do this, he takes out a bank loan of $49,275 and agrees…

A: Solution:Given    P=$49,275     r=12.2%=0.122n=48 months=4 yearTo find the amount of each payment…

Q: A loan of P100,000 has been issued for 5 years. Compute for the amount to be repaid to the lender if…

A:

Q: c. If you plan to put your graduation money into an account and leave it for 20 years while you go…

A: GivenIf you plan to put your graduation money into an account and leave it for 20 years while you go…

Q: A. ABC’s bank offered a loan with conditions of a P5,000,000 face amount, 6-month term, 4% interest…

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

Q: Omar has decided to finance a $25,000 car at 8% interest compounded monthly for 10 years.  Determine…

A:

Q: 1. Faith availed of a cash loan from Home Credit that gave her an option to pay 10,000 monthly for 1…

A: Solution: Interest rate per month (r) = (12% / 12) = 1% Monthly payment (P) = 10,000 n = 12 Monthly…

Q: 16.) Susan is making monthly payments of $207.31 to pay off a 3½ year loan for $6400. What is her…

A:

Q: 12) As part of his retirement planning, Mr. Allen purchases an annuity that pays 19 % compounded…

A: According to the given information, Rate of annuity (r) = 19% Yearly payment = $3500 Time (n) = 2.5…

Q: balance on the loan at the end of year 4?

A: We have to find out the balance on the loan at the end of year 4. Loan amount is $495,000 and the…

Q: Mrs. Reyes plans to build a a two - door apartment on her vacant lot. She applied for a loan of…

A: Given Principal amount = 1,750,000 php time = 4 years rate of interest= 10% number of times the…

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: Suppose that an annuity produces one payment per year for 17 years, starting on July 4, 1776. If the…

A:

Q: If you buy a computer directly from the manufacturer for $3,324 and agree to repay it in 60 equal…

A:

Q: Danielle wants to purchase a new TV for $1215.00 including taxes. If she puts it on a line of credit…

A: We have to calculate the final amount after 2 years of time period. This problem can be solved using…

Q: A payment of $14,575 is due in 1 year, $16,500 is due in 5 years, and $8,300 is due in 6 years. What…

A: Please refer to the image below

Q: A payment of $2,170 was due three years ago, and a payment of $1,850 is due today. What single…

A:

Q: A payment of $2,600 was due three years ago, and a payment of $1,450 is due today. What single…

A:

Q: A payment of $31,000 is due today. What three equal payments, one in 2 years, one in 4 years, and…

A: We need to find payment.

Q: 4. Sydney is saving for a down payment on a new home. Each month she deposits $150 into an account…

A:

Q: 1. A bank charges 12% simple interest on a P300.00 loan. How much will be repaid if the loan is paid…

A:

Q: ABC Corp. recently obtained a 30-year (360-month), P250,000 mortgage with a 9 percent nominal…

A:

Q: Consider a home mortgage of ​$150,000 at a fixed APR of 4.5​% for 15 years. b. Determine the…

A: We will find the answers to all the parts as following.

Q: y payments of ₱3,500.00 for school expenses, if the first payment is to be made on his 16th…

A: Let the amount set aside on a boy's seventh birthday be x. The amount at 16th birthday at a 10%…

Q: A couple secured a 4,000,000 php housing loan from a financing company that gives 12% interest…

A: NOTE: Refresh your page if you can't see any equations. . here we have L=4000000 r=12%=0.12 n=12 for…

Q: three months for 18 payments

A: answer is in next step

Q: 26.A man paid 10% down payment of P250,000 for a house and lot and agreed to pay the 90% on monthly…

A: Monthly intrest formula C=Pr[1+(r)]n/ [(1+r)n-1] For n is no of times compounded in year n- no of…

Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.