Oprah Winfrey has closed on a 42-acre estate near Santa Barbara, California, for $52,000,000. If Oprah puts 30% down and finances at 6.5% for 30 years, what would her monthly payment be? (Do not round intermediate calculations. Round your answer to the nearest dollar amount

Q: Marcel Thiessen purchased a home for $208,200 and obtained a 15-year, fixed-rate mortgage at 7%…

A: Marcel Thiessen purchased a home for $208,200 and obtained a 15-year, fixed-rate mortgage at 7%…

Q: Nina and Michael have been approved for a $300,000 30-year mortgage with an APR of 5.25%. How much…

A: Thanks for the question :)And your upvote will be really appreciable ;)

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Q: Ransford and Alda Mariano own a home recently appraised for $426,500. The balance on their existing…

A: amount of credit available=?

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A:

Q: mount must be set aside now to generate payments of $40,000 at the beginning of each year for the…

A:

Q: What was Yvette's monthly payment?

A: Balance after 36th payment = 6521.43 Balance after 37th payment = 6151.8 For monthly payments…

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A:

Q: In 2016, Donald Trump admitted he received a small loan of 1 million dollars from his father. If he…

A: Given, Principle = $ 10,00,000 time period T P = 32 years                              =32×12…

Q: 5. Ms. Cruz can buy a piece of property for P6,500,000 cash or P4,200,000 in five (5) years. If she…

A: Given:         The first option is paying ₱6,500,000.         The second option is paying…

Q: OHaganBooks.com is seeking a $260,000 loan to finance its continuing losses. One of the best deals…

A: Solve for yhe monthly payment

Q: Ransford and Alda Mariano own a home recently appraised for $428,500. The balance on their existing…

A: The appraised value of the home is $428,500.

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A:

Q: Monique buys a $5,127 air conditioning system using an installment plan that requires 12.5% down.…

A:

Q: In terms of paying less in​ interest, which is more economical for a ​$60,000 mortgage: a​ 30-year…

A: We need to identify which loan is more economical. Use the formula  PMT=Prn1-1+rn-nt    ...1

Q: A loan of $7,215 was repaid at the end of 11 months. What size repayment check (principal and…

A: The amount of the repayment check was $____

Q: Toni Torres wants to save $1,200 in the next two years to use as a down payment on a new car. If her…

A:

Q: ) You would like to take a housing loan with amount equal to JD 110,000, the bank annual rate on…

A:

Q: Karen and Wayne need to buy a refrigerator because theirs just broke. Unfortunately,their savings…

A: Given: Karen and Wayne need to buy a refrigerator because theirs just broke. Unfortunately, their…

Q: A debt of P20, 000 is due on December 1, 2020. What was the value of this debt on December 1, 2018…

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Q: Wayne was late in making a $3,500 payment to Dora. If Dora accepted a payment of $3,801.75 and…

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Q: Ronald and Samantha Brady recently had their condominium in Port Isaac appraised for $322,600. The…

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Q: How much interest (to the nearest dollar) would be saved on the following loan if the condominium…

A: The solution is given below

Q: John wants to retire with $10,000 per month, how much principal is necessary to generate this amount…

A: John wants to retire with $10,000 per month.Interest rate is 3%.To calculate:- principal that…

Q: Dr. Gupta is considering a 30-year mortgage at 6% interest. She can make payments of $3500 a month.…

A:

Q: Kiara is expected to settle a loan by paying $8,500. What amount should she pay if she decides to…

A: The given data is: To settle a loan by paying P=$8,500 Interest rate r=3.50% ( compounded monthly)…

Q: Toni Torres wants to save $1,200 in the next two years to use as a down payment on a new car. If her…

A: Amount = $1200 Interest = 9% 2 years = 24 months

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A:

Q: Imelda took a loan of Php950,000 from a financial institution to purchase a TV set. If the the…

A: Formula of compound interest: A=P1+rnnt where, A= Final amount P= Initial amount r= rate of interest…

Q: Ransford and Alda Mariano own a home recently appraised for $422,500. The balance on their existing…

A:

Q: A man bought his girlfriend a new necklace for $259. Instead of paying cash, he paid $19 down,…

A: Given,       the cost price of the necklace is $259       the discount given on the necklace is $19

Q: 4. Jessica makes $24,000 a year, but receives weekly paychecks. If 12% of her check is withheld for…

A: As per policy only first question is answered. Ques 4. Annual Income of Jessica = $24,000 Federal…

Q: Ransford and Alda Mariano own a home recently appraised for $422,500. The balance on their existing…

A: Given that Ransford and Alda Mariano own a home recently appraised for $422,500. The balance on…

Q: Wendy, a loan officer at a bank, has $1,000,000 to lend and is required to obtain an average return…

A: Given, Wendy, a loan officer at a bank, has $1,000,000 to lend and is required to obtain an average…

Q: 2. Abel purchased a ranch worth P400,000. It is to be paid in four years with each annual payment…

A: The solution are next step

Q: The new car costs ​$28,000 and can be financed with a three​-year loan at 6.72​%.  A​ three-year old…

A: The monthly payment can be obtained using the formula PMT=Prn1-1+rn-nY where  P is the principle…

Q: If the accumulated amount in an account is $5,000 at the end of 3 years and the simple interest rate…

A: According to the given problem, we have

Q: Marcel Thiessen purchased a home for $202,900 and obtained a 15-year, fixed-rate mortgage at 8%…

A: Given: The price of the home is $202,900. The loan period (t) is 15 years. The annual interest (r)…

Q: Michael wants to buy some new exercise equipment for his home for 371,000 financed at an annual…

A: In the add-on method, we divide add the principal amount and the interest for the five years into…

Q: The extinguishment of a loan of P87, 650 will be made by quarterly payment of how much to an agency…

A:

Q: Ransford and Alda Mariano own a home recently appraised for $424,500. The balance on their existing…

A:

Q: Ransford and Alda Mariano own a home recently appraised for $424,500. The balance on their existing…

A: 80% of appraised value = 0.8* $424,500 = $339,600 But the existing balance on mortgage must also be…

Q: If you borrow $800 for 6 months at 6% annual simple interest, how much must you repay at the end of…

A: Simple Interest Formula: A = P 1+r·t where A is the final amount. P is the initial amount. r is the…

Q: Ransford and Alda Mariano own a home recently appraised for $428,500. The balance on their existing…

A: Given Data: Appraised value=428500 Existing mortgage=133085 Loan=80%

Q: you have a business loan and you pay 2,880.38 each month for 20 years on the loan, what is the total…

A: Given  monthly payment for loan = 2880.38 He pay loan for 20 years

Q: assume you will put down 10% on a house that costs 424,900 dollars, and borrow the rest. What is the…

A: Cost of house=$424,900 Amount put down=10%

Q: You want to make monthly payments of $440, but you don't want a car loan over your head for more…

A: Let the loan amount is P. it is given that monthly payment M is 440. the interest rate is 0.015…

Q: A newspaper advertisement offers a 9000 car for nothing down and 36 easy monthly payments of 302.50…

A: Given ,  A newspaper advertisement offers a $ 9000 car for nothing down and 36 easy monthly payments…

Q: If you pay $5,500 for a simple interest note that will be worth $6,000 in 21 months, what annual…

A: topic - percentage