2) A house sells for $150,500 and a 5% down payment is made. A 30-year mortgage at 7.5% was obtained. (i) Find the down payment. (ii) Find the amount of the mortgage. (iii) Find the monthly payment. (iv) Find the total interest paid.

You decide to buy a 2020 blue Rolls-Royce Phantom for $455,000. Use the simple interest formula to determine what your monthly payment would be if you take a loan out to pay for the car. Assume that you do not have a down payment, you are taking the loan out for 5 years, and the annual interest rate is 7%.

Mr.  Allen purchased an annuity that pays 19% compouned annually. If the yearly payment is $3,500, how much will Mr. Allen have saved in 2.5 year?

A loan of £10,000 is repaid in 5 years with quarterly payments made in arrears. The initial payment is of amount P and subsequent payments increase at the end of every year by 2% p.a. compound. The interest rate is 6% p.a. effective.Find the value of P

You are thinking of purchasing a house. The house costs $200,000. You have $29,000 in cash that you can use as a down payment on the house, but you need to borrow the rest of the purchase price. The bank is offering a 30-year mortgage that requires annual payments and has an interest rate of 9% per year. What will be your annual payment if you sign this mortgage? The annual payment is $ (Round to the nearest dollar.)

The monthly payments on a 10-year loan of $35,000 at 6.1% interest are $390.33. (a) What is the total amount paid over the 10 years?$ (b) What is the total amount of interest paid?