Alexei finances her purchase of a $900 television. Her one-year loan has a fixed annual interest rate of 2.5% Which equation correctly calculates Alexei's monthly payment? 12.0.025 M -12-1 900 1- 1-(1+ 0.025 900.0.025 M = -12-1 121-(1+) 0.025 900-0.025 М — 121-(1+ -12-1 0.025 12 12.0.025

a

Jacob purchases camping equipment at a cost of $3,450 by taking out an 9% add-on installment loan. The loanrequires a 10% down payment and equal monthly payments for 2 years. How much are Jacob's monthlypayments?  Group of answer choices $74.89 $225.15 $152.66 $92.44

Jack and Jill borrow $21,000 at 6.4% amoritzed over 7 years to drill a well and renovate their kitchen and bathrooms. Assuming that the monthly principal and interest payments are made as agreed, what is the loan balance at the end of 2 years? (Round to nearest penny and enter, for example, as 123456.78) Answer: Check

Solve B.

John takes a loan to buy a house, the borrowing amount is $376,489, and the annual percentage rate (APR) is fixed to be 3.43% for 30 years, monthly interest rate (1+3.43/100)^(1/12)-1. He pays monthly with a fixed value, calculate the total amount John has to pay in 30 years. $ 3.543e5 meaning 3.543x105, -4.321E-3 meaning -4.321x10-3. The default format is the normal format. If not mentioned, use normal format. You can search for an equation, or solve numerically, or search an online loan calculator. 10% error is allowed. L4 sig. figures in exponential format, e.g.

Jack takes out a mortgage for $725,000 at an interest rate of i(2) = 7.250%. The amortization period is 30 years. What is his weekly payment? a. $1,182.96 b. $1,126.62 C. $923.83 d. $1,171.69 e. $957.63

A homeowner has five years of monthly payments of $1,100 before she has paid off her house. If the interest rate is 6% APR, what is the remaining balance on her loan? ..... A. $79,657 B. $45,518 C. $68,278 D. $56,898

Question Help The Adeeva's gross monthly income is $6300. They have 18 remaining payments of $230 on a new car. They are applying for a 20-year, $172,000 mortgage at 6.5%. The taxes and insurance on the house are $360 per month. The bank will only approve a loan that has a total monthly mortgage payment of principal, interest, property taxes, and homeowners' insurance that is less than or equal to 28% of their adjusted monthly income. Click here for table of Monthly Payments a) Determine 28% of the Adeeva's adjusted monthly income. (Round to the nearest cent.) TO b) Determine the Adeeva's total monthly mortgage payment, including principal, interest, taxes, and homeowners' insurance. et e cart 1 $6 (Round to the nearest cent.) c) Do they qualify for this mortgage? No O Yes