Angela has just purchased a home for $159,000. A mortgage company has approved her loan application for a 30​-year ​fixed-rate loan at 5.00​%. Angela has agreed to pay 10​% of the purchase price as a down payment. Find the: down​ payment, amount of​ mortgage, monthly payment and the total cost of the home after financing

Karen borrowed $4,046 from a bank for 6 months. The bank collected simple interest on the loan at an annual rate of 8.4% . Determine the amount she repaid to the bank on the due date.

In order to make some home improvements, a home owner spent $24000. He paid 18% as a down payment and financed the balance of the purchase with a 36-month fixed installment loan with an APR of 4.5% Determine the home owner's total finance charge and monthly payment. a. Total finance charge = $3074.40; Monthly payment = $752.07 b. Total finance charge = $1156.06; Monthly payment = $579.03 c. Total finance charge = $3381.02; Monthly payment = $640.58 d. Total finance charge = $1395.12; Monthly payment = $585.42