The price of a condominium is $146,000. The bank requires a 5% down payment and one point at the time of closing The cost of the condominium is financed with a 30-year fixed-rate mortgage at 7.5%. Use the following formula to determine the regular payment amount. Complete parts (a) through (e) below. PA [-] PMT= a. Find the required down payment. b. Find the amount of the mortgage. ICCER c. How much must be paid for the one point at closing? $ (Round to the nearest dollar as needed.)

A to determine the regular payment amount, rounded to the nearest dollar. In terms of paying less in interest, which is more economical nt Use PMT= HT for a $210,000 mortgage: a 30-year fixed-rate at 7% or a 20-year fixed-rate at 6.5%? How much is saved in interest? Select the correct choice below and fill in the answer box within your choice. (Do not round until the final answer. Then round to the nearest thousand dollars.) OA. The 20-year 6.5% loan is more economical. The buyer will save approximately $ B. The 30-year 7% loan is more economical. The buyer will save approximately $ in interest. in interest.

The face value of a certain bond is $3,500. It has a term of 30 months with a simple interest rate of 6.11%. Find the value at maturity. Round to nearest dollar.

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Businesses that offer repayment plans for purchases are required by law to disclose the interest rate. But that doesent mean they go out of there way to let you know what it is. you have to read all the paper work. Find the interest rate for the following purchase.  For a 312 square-foot family room, you choose carpert that costs $1.43 per square foot. The tax rate is 6.1%, and your offered 24 payments of 27.19. round to one decimal place, if necessary.