After the introductory period is over, determine how much it would cost you in interest to carry a balance of $5000 for one day with a 13.99% APR.

A $178,000 mortgage loan is offered at an APR of 4%. Follow the instructions below the table. The loan payment formula was used to calculate the monthly payments for the loans and results are reported in the table below. You do NOT have to verify the given payment entries (you already used the formula for calculating payments in the first part Loan term   in years   Monthly Payment on $178,000 loan (in $) Total amount paid back over the full loan term (in $) Interest over the full loan term (in $) Difference in monthly payment from option above (in $)   t = 15    years   Pmt = $ 1316.64   F =   I =   No entry here   t = 30    years   Pmt = $   849.80   F =   I = Difference in MONTHLY payment   t = 40    years   Pmt = $   743.93   F =   I = Difference in MONTHLY payment   t = 50    years   Pmt = $   686.56   F =   I = Difference in MONTHLY payment For each loan term option, calculate the total amount paid back over the…

You can afford monthly deposits of $170 into an account that pays 3.0% compounded monthly. How long will it be until you have $9,200 to buy a boat? Type the number of months: (Round to the next-higher month if not exact.)

Please answer this simple question

Find the interest on a loan of $3300 at 7% if I borrow on April 7 and repay on June 2 using the following THREE time methods: Exact Time, Ordinary Time, AND Banker's Time

Complete the following table: Selling price $231,000, Down payment $46,200, Amount mortgage $184,800, Rate 7.00%, Years 15, Monthly payment  $1,661.35. What is the interest and principal on first payment? What is the balance at end of month?

you take out an installment loan to purchase a time share costing $17,000. You make a down payment of $2,500 and finance the balance by making monthly payments of $718.66 for 24 months. Find the APR

How much will I receive when I redeem my CD before it's maturity date? $33,500 current balance, 5.15% interest rate, 3-month interest penalty.

You currently have a balance of $5,000 and you pay an interest rate of 17% per year on the card. Your minimum payment is 3% of the statement balance. If you pay the minimum balance for 20 months, what will be your new balance? Answer: x (3,602.40)

Create an amortization table for a $60,000 loan. We will assume payments are made monthly over 6 years at an interest rate of 4%. a.) First use a formula cell in your spreadsheet to calculate the monthly payment amount. b.) Create an amortization table for the 72 months. Your columns of your amortization table should include payment number, payment amount, interest paid each month, principle paid that month, amount paid on principal total, and the amount of principal remaining.