On April 13, Michelle Lizaro borrowed $3,000 from her credit union at 9% for 100 days. The credit union uses the ordinary interest method. (a) What is the amount (in $) of interest on the loan? (b) What is the maturity value (in $) of the loan? (c) What is the maturity date of the loan? -Select--

1) Ian placed $2900 in a one-year CD at the bank. The bank is paying simple interest of 6% for one year on the CD. How much insterest will Ian earn in one year?

You are a loan officer at the West Elm Savings and Loan. Mr. and Mrs. Brady are in your office to apply for a mortgage loan on a house they want to buy. The house has a market value of $190,000. Your bank requires  1 5  of the market value as a down payment. (a) What is the amount (in $) of the down payment? $  (b) What is the amount (in $) of the mortgage for which the Bradys are applying? $  (c) Your bank offers the Bradys a 30 year mortgage with a rate of 5%. At that rate, the monthly payments for principal and interest on the loan will be $5.37 for every $1,000 financed. What is the amount (in $) of the principal and interest portion of the Bradys' monthly payment? $  (d) What is the total amount (in $) of interest that will be paid over the life of the loan? $  (e) Your bank also requires that the monthly mortgage payments include property tax and homeowners insurance payments. If the property tax is $1,710 per year and the property insurance is $1,458…