Sarah secured a bank loan of $150,000 for the purchase of a house. The mortgage is to be amortized through monthly payments for a term of 15 years, with an interest rate of 3%/year compounded monthly on the unpaid balance. She plans to sell her house in 10 years. How much will Sarah still owe on her house? (Round your answer to the nearest cent.)

Emma bought a $360,000.00 house, paying 10% down, and financing the rest at 2% interest for 20 years. A. What is the monthly payment? Emma has a payment of __?__a month. How much interest will be paid over the life of the loan? Emma will pay __?__ in interest over the life of the loan.

Kiran has already saved $575,000 as a deposit for a new waterfront villa in the Hamptons. It will cost him a total of $3.5 million to purchase this property. He plans to borrow the rest from CityGroup as a mortgage over 15 years at a rate of 3.2% p.a. compounding monthly. What would be Kiran's monthly repayments?

blake purchased an annuity that had an interest rate of 2.50% compounded semi- annually. it provided her with payments of $2500 at the end of every month for 6 years. if the first withdrawal is to be made in 5 years and 1 month, how much did she pay for it?

Tom wishes to purchase a property that's been valued at $400,000. He has 15% of this amount available as a cash deposit and will require a mortgage for the remaining amount. The bank offers him a 15-year mortgage at 2.5% interest. Calculate the total interest Tom will pay over the lifetime of the loan. Round your answer to the nearest dollar. Do not rould until you have calculated the final answer.

Meg O'Brien borrowed $75,000 to pay for her child's education. She must repay the loan at the end of 8 years in one payment with 8.75% interest. What is the maturity value Meg must repay?