To help purchase his new minivan, Miguel is taking out a $23,000 amortized loan for 6 years at 6.1% annual interest. His monthly payment for this loan is $382.26. Fill in all the blanks in the amortization schedule for the loan. Assume that each month is 1 12 of a year. Round your answers to the nearest cent. Payment number 1 2 1 35 36 Interest payment $0 $0 A $66.99 In Principal payment $0 $0 1 $315.27 $0 New loan balance $0 $22,467.97 $12,863.69 $0 X S

The problem describes a debt to be amortized. (Round your answers to the nearest cent.) A man buys a house for $350,000. He makes a $150,000 down payment and amortizes the rest of the purchase price with semiannual payments over the next 5 years. The interest rate on the debt is 10%, compounded semiannually. (a) Find the size of each payment. $ (b) Find the total amount paid for the purchase. $ (c) Find the total interest paid over the life of the loan. $

1) you open `on an Account to SAVE for downpayment house. The Account has an APR of 1.2% initial compounded quarterly. You plan to make an and quarterly deposits of $450." for 5 years. contributions? ^) After 5 years, what is the total of your What is the total interest earned? B) How much will $ i 7 year 7 2 years! 5 years $ you il D) If you $150,000 condo, want to make. conde, how of $450 would you e) suppose you if c) What would happen if you used a bank that offered APR of 1.15% Compounded daily? (still contributing have had more in the $450 quarterly) Would account after 5 YEARS # have in the Account after: you 甘 7 jist downpayment of 10% on a many, quarterly contributions have to make into the 1st Account? CD (5 years out 7% APR. Monthly) at were given A worth $5000, you combine the CD with the Account will you have enough for the 10% down payment in 5 years?

Please show full steps along with concept.

Ben Brown bought a home for \$225.000 . He put down 20\% The mortgage is at 6 1 2 \% 30 years . Using the formula or calculator , his monthly payment is

5) George wants to purchase a new house that costs $185, 500. The terms of the sale are 10% down payment and the rest to be paid off at a 5.75% interest rate compounded monthly for 30 years. paying $974.28 for his monthly payment b.) how much will george pay in interest for the life of the loan

Mario is buying a new car for $18,500. Compare the two loan offers by finding the monthly payments for each and calculating the total amount paid for each. Loan Options Down Payment Monthly Payment Total 5% down payment, 4.5% APR for 5 years       10% down payment, 3.5% APR for 4 years

Noor is buying a home with a $200,000 mortgage using a 5.5 percent, 30-year loan. How much of the first month's payment will go toward the principal if the payment per $1000 on this loan is $5.6779? O a. $917 O b. $219 O c. $0 O d. $538

April borrows $20000 at an interest rate of 7% to purchase a new automobile. At what rate (in dollars per year) must she pay back the loan, if the loan must be paid off in 5 years? (Use decimal notation. Give your answer to two decimal places.) withdrawal rate: $ per year

The problem describes a debt to be amortized. (Round your answers to the nearest cent.)A man buys a house for $330,000. He makes a $150,000 down payment and amortizes the rest of the purchase price with semiannual payments over the next 9 years. The interest rate on the debt is 10%, compounded semiannually. (a) Find the size of each payment.$ (b) Find the total amount paid for the purchase.$ (c) Find the total interest paid over the life of the loan.$