Lia plans to buy a house for Php 150964. She wants to make a down payment of Php 20692 and to take out a 29-year mortgage for the remaining amount. If money is compounded monthly at 6.73%, how much must she pay each month? Round off to two decimal places.
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Lia plans to buy a house for Php 150964. She wants to make a down payment of Php 20692 and to take out a 29-year mortgage for the remaining amount. If money is compounded monthly at 6.73%, how much must she pay each month? Round off to two decimal places.
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- Lia plans to buy a house for Php 157,950. She wants to make a down payment of Php 24, 937 and to take out a year 29-year mortgage for the remaining amount. If money is compounded monthly at 6.75%, how much must she pay each month?Lia plans to buy a house for Php 150702. She wants to make a down payment of Php 22887 and to take out a 28-year mortgage for the remaining amount. If money is compounded monthly at 6.42%, how much must she pay each month?Anna plans to buy an apartment for $152844. she wants to make a down payment of $23646 and to take out a 27yr mortgage for the remaining amount. if money is compounded monthly at 6.67% how much must she pay each month?
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- Maria wants to have ₱750,000.00 at the end of 4 years for hergraduation expenses. She plans to deposit a certain amount at the end of each month to achieve this. Her bank pays 15% compounded monthly.a.) What is the monthly rate?b.) How many total deposits?Julia has a mortgage on her house with a balance of $150,000 and the APR on the loan is 6%. She is currently paying $1.200 a month on the loan, at this rate how many years will it take to repay the loan?) Andrea is arranging a $90,000 mortgage loan from her bank. The mortgage is to be amortized by making monthly payments over 20 years. The interest on the loan will be 7.9% compounded semiannually. What is the size of the monthly payments? ____________ What is the outstanding balance after two years (i.e. 24 months)? __________ If Andrea chooses to pay $800 per month to pay off the $90,000 mortgage, how many payments are needed to pay off the debt? ___________ What is the size of the final payment? ____________
- Mystia Green is considering the purchase of a house, which will cost her $450,000. She will borrow the entire purchase price and make monthly payments over the next twenty years. The first payment is due next month, and the interest rate is 6.50% per annum (p.a.), compounded monthly She will owe $_________on the house immediately following the 121 st payment.Pablo wants to borrow PHP 1.7M from a bank and plans to repay the same amount in 8 years. If the bank charges 10% interest to be deducted in advance, what size of loan should Pablo apply for?Suzan Long is considering buying a home for$350,000.(a) If she makes a down payment of $50,000 andtakes out a mortgage on the rest of the moneyat 5.5% compounded monthly, what will be hermonthly payment to retire the mortgage in 15years?(b) Consider the 60th payment. How much will theinterest and principal payments be?
