Jill Diamond bought a home for $190,000 with a down payment of $65,000. The rate of interest was 7% for 35 years. Her monthly mortgage payment is: Multiple Choice $843.75 $978.57 $798.75 $834.57

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

Dick Hercher bought a home in Homewood, Illinois, for $230,000. He put down 20% and obtained a mortgage for 25 years at 8%. The total interest cost of the loan is:   Multiple Choice   $368,000   $327,372.80   $302,554   $242,042

Nikul

Marsha Terban bought a home for $119,000 with a down payment of $19,000. Her rate of interest is 12 1/2% for 35 years. The balance of the mortgage at the end of the first month is: Multiple Choice   $117,744.25   $118,983.83   $99,669.76   $99,986.42

Lydia borrows $2000 from a credit card company at 23% annually for two years. Determine Lydia’s monthly payments. $103.25 $103.95 $104.75 $106.85

Yara owns a home that was recently appraised for $181,000. The balance on the existing mortgage is $84,200. If Yara's bank is willing to loan up to 73% of the appraised value, find the potential amount of credit available on a home equity loan. O $47,930 O $61,466 O $96,800 $132,130 * O 0 o o

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 repaymentschedule, $5300 at the end of the first year and $5300 at the end of the second year.How much did Smith family borrow?