The remaining balance of your car loan would be

I. M. Greedy Mortgage Bank offers you a $60,000, eleven-year term loan at a 5% annual interest rate to help you buy a home.  What will your annual loan payment be?

You can afford to pay $15,000 at the end of each of the next 30 years to repay a home loan. If the interest rate is 7.50%, what is the most you can borrow?

Michaela buys a new car for $31,600. The simple interest rate is 5.6% and the amount of loan (plus simple interest) is repayable in 6 years. What is the total amount that must be repaid? Round your answer to the nearest dollar and do not round until the final answer. Provide your answer below:

You purchase a home for $400,000 and make a down payment of $125,000. The balance is borrowed and financed as follows: 4 year mortgage, 5% interest, paid as an ordinary annuity. How much total interest is paid on the loan?

Find the monthly house payment necessary to amortize the following loan. 9) In order to purchase a home, a family borrows $121,000 at 3.0% for 30 yr. What is their monthly payment? Round the answer to the nearest cent.

You determine you can afford $300 per month for a car. What is the maximum amount you can afford to pay for a car if the interest rate is 9% and you want to repay the loan in 5 years?

A person borrows an amount for a new house and s/he is going to make monthly payments of 8,000 $ for the next 10 years. The nominal annual interest rate is quoted as 12%. (Assume the first instalment is going to be paid 1 month after s/he borrows.) a. Find the amount borrowed by this person. b. How much does this credit worth at the end of the last payment date? c.lf this person decides on closing his/her loan after paying the 34th instalment, how much should s/he pay? It is given that the closing fee of this credit is 1,453 $.

After making the twenty-sixth payment on your car loan, you wanted to find out how much is left of your original 5 years loan at 7.1% compounded monthly of $27,000.00. What is the amount of the remaining balance of your car loan? The remaining balance of your car loan would be $. (Round to 2 decimal places.)

You have just taken out a ​$15,000 car loan with a 7% ​APR, compounded monthly. The loan is for 5 years. When you make your first payment in one​ month, how much of the payment will go toward the principal of the loan and how much will go toward​ interest? The amount of your first payment that will go toward the interest of the loan is The amount of your first payment that will go toward the principal of the loan is