Alex Karev has taken out a $210,000 loan with an annual rate of 11 percent compounded monthly to pay off hospital bills from his wife Izzy illness. If the most Alex can afford to pay is $3500 per month how long will it take to pay off the loan?
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Alex Karev has taken out a $210,000 loan with an annual rate of 11 percent compounded monthly to pay off hospital bills from his wife Izzy illness. If the most Alex can afford to pay is $3500 per month how long will it take to pay off the loan?
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- Alex Karev has taken out a$220,000 loan with an annual rate of 12 percent compounded monthly to pay off hospital bills from his wife Izzy's illness. If the most Alex can afford to pay is$3,000 per month, how long will it take to pay off the loan? How long will it take for him to pay off the loan if he can pay $3,500 per month? Use five decimal places for the monthly percentage rate in your calculations. a.If Alex can pay $3,000 per month, the number of years it takes for him to pay off the loan is years. B. How long will it take for him to pay off the loan if he can pay $3,500 per month?Alex Karez has taken out a loan of $180,000 with an annual rate of 11% compounded monthly to pay off hospital bills from his wife lzzy's illness, If the most Alex can afford to pay is $3,500 a month, how long will to pay off the loan? How long will it take to pay off the loan if he can pay $4000 each month? If Alex can pay S3,500 a month, how many years will it take to pay off the loan?Alex Karez has taken out a loan of $180,000 with an annual rate of 11% compounded monthly to pay off hospital bills from his wife lzzy's illness, If the most Alex can afford to pay is $3,500 a month, how long will to pay off the loan? How long will it take to pay off the loan if he can pay $4000 each month? If Alex can pay S3,500 a month, how many years will it take to pay off the loan? To pay for your education you have taken out $28,000 in student loans. If you make monthly payments over 13 years at 6% compounded monthly, how much are your monthly student loan payments?
- ( Annuity number of periods ) Alex Karev has taken out a $ 180,000 loan with an annual rate of 8 percent compounded monthly to pay off hospital bills from his wife Izzy's illness . If the most Alex can afford to pay is $ 1,500 per month , how long will it take to pay off the loan ? How long will it take for him to pay off the loan if he can pay $ 2,000 per month ? Use five decimal places for the monthly percentage rate in your calculations . a . If Alex can pay 1,500 per month , the number of years it takes for him to pay off the loan is years . ( Round to one decimal place . )Jenna bought a new car for $28,000. She paid a 20% down payment and financed the remaining balance for 36 months with an APR of 3.5%. Assuming she makes monthly payments, determine the total interest Jenna pays over the life of the loan. Round your answer to the nearest cent, if necessary.Rebecca Carlson purchases a car for $25,000 and finances her purchase by borrowing the money at 8% per year compounded monthly; she pays off the loan with equal monthly payments for 5 years. What will be the size of her monthly loan payment?
- Megan takes out a car loan for $13,000. She intends to make monthly payments for 5 years to pay off her loan. If the bank charges her an annual interest rate of 4.2% computed monthly on the loan balance, how much will her monthly payments be?A person needs $17,700 immediately as a down payment on a new home. Suppose that she can borrow this money from her company credit union. She will be required to repay the loan in equal payments made every six months over the next 11 years. The annual interest rate being charged is 11% compounded continuously. What is the amount of each payment?Wilma wants to buy a car that costs $52,000. She has arranged to borrow the total purchase price of the car from her bank at 6 percent interest rate. The loan requires monthly payments for a period of five years. If the first payment is due in one month after purchasing the car, what will be the amount of Wilma’s monthly payment on the loan?
- Jenelle bought a home for $370,000, paying 18% as a down payment, and financing the rest at 4.6% interest for 30 years. Round your answers to the nearest cent. How much money did Jenelle pay as a down payment? $ What was the original amount financed? $ What is her monthly payment? $ If Jenelle makes these payments every month for thirty years, determine the total amount of money she will spend on this home. Include the down payment in your answer. $Jane took out a loan from the bank today for X. She plans to repay this loan by making payments of $520.00 per month for a certain amount of time. If the interest rate on the loan is 1.12 percent per month, she makes her first $520.00 payment later today, and she makes her final monthly payment of $520.00 in 7 months, then what is X, the amount of the loan? O An amount less than $3,501.00 or an anmount greater than $4,238.00 O An amount equal to or greater than $3,501.00 but less than $3,739.00 O An amount equal to or greater than $3,739.00 but less than $3,980.00 O An amount equal to or greater than $3,980.00 but less than $4,081.00 O An amount equal to or greater than $4,081.00 but less than $4,238.00Britta has been accepted into a 2-year medical assistant program at a career school. . Suppose that Britta decided to take out a private loan for 12,00012,000 USD for which loan payments start as soon as the loan amount is deposited in her account and continue for 10 years. The interest rate is 6.1%6.1%.We have to calculate her monthly payment.