Gabriel Godwin purchases a tiny home for his elderly mother. After a large down payment, he finances $88,600 at 5% for 10 years. Prepare a repayment schedule for the first two payments. This should be in a table Payment Number Total Payment Interest Payment Principal Payment Remaining Balance

Ivan is looking to purchase a home that costs $ 160,000. The interest rate is currently at 3.7%. Use the monthly payment formula below to find Ivan's monthly mortgage payment for the next 30 years. M = P)(1+)¹²t (1+)12t_1 Emilio's savings account had a balance of $621.96 at the end of July. During August, he made three savings account deposits of $83.11, $52.89, and $307.84 and one withdrawal of $129.00. At the end of August his account earned $11.50 in interest. Will Emilio meet his savings account goal of $1,000 by September 1st?

Philo needs to borrow $310,000 to purchase a home. He is able to obtain a fifteen year mortage with a flixed-rate of 12.0%, What is his monthly payment? For numerical entries, please 1. do NOT enter commas 2. do NOT enter the dollar symbol: $ 3. DO enter the percent symbol when it is needed: % 4. enter dollar amounts to the nearest cent, for example: 12345.67 Please complete the TVM Framework table to compute Philo's monthly payment on this mortgage: Time Value of Money (TVM) Framework FV PV PMT type CPT Piease complete the first rows of the amortization table: Amortization Table Excess Payment Principal Remaining Principal INTEREST Balance If Philo started this mortgage at the beginning of December, how much interest would he pay during its first calendar year?

5. On June 1, Bertha Hammond deposited $545 in a savings account at Metro Sav- ings and Loan Association. At the end of November her interest was computed at an annual interest rate of 7%. How much simple interest did Bertha's money earn? 6. Jasper Brown deposited $743 20 in a savi pany on MayWAt the end O 7 % How much simple interest did dasper s money earn? the Suburban Trust Com- annual rate of

2. Smith family borrowed a large sum of money to purchase their family car. The interest rate on their loan was 5%. The lender agreed to the following repayment schedule, $5300 at the end of the first year and $5300 at the end of the second year. How much did Smith family borrow?

Please provide both solution

Juni buys a new car. Her auto loan is $12,000 with an annual interest rate of 3% compounded monthly for 5 years. Her monthly payment is $287 The following table shows the first payment in the amortization schedule. Payment number  Loan Amount Payment Interest  Principal Remaining Balance  1 12,000 287 ? ? ?   Interest: $30   Interest: $8.61   Principal: $278.39   Principal: $257   Remaining Balance: $11,743   Remaining Balance: $ 11,721.61

Kia deposited $1,100, at the BEGINNING of each year for 25 years in a credit union account. If the account paid 8% interest, compounded annually, use the appropriate formula to find the future value of her account. A. $73,441.24 B. $80,416.53     C. $86,849.86 D. $87,949.86

Loretta bought a home for $210,000 with a down payment of $30,000. Her rate of interest is 5 5/8% for 15 years. Calculate Loretta's payment per $1000 and her monthly mortgage payment. Round "payment per $1,000" to five decimal places. Round "monthly mortgage payment " to the nearest cent.

Lorna deposited $1,400, at the beginning of every six months for 13 years, in an account at her credit union. If the account paid 8% interest, compounded semiannually, use Table 12-1 from your text to find the future value of her account. $58,304.27 $62,036.44 $64,517.90 $69,954.62