You are considering taking out a loan of $15,000.00 that will be paid back ove payments of $224.20. If the interest rate is 6.7% compounded monthly, what immediately after the twenty-fifth payment? The unpaid balance would be $ (Round to 2 decimal places.)
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- You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years. Which table will help you determine the value of your account at the end of 12 years? A. future value of one dollar ($1) B. present value of one dollar ($1) C. future value of an ordinary annuity D. present value of an ordinary annuityYou put $250 in the bank for S years at 12%. A. If interest is added at the end of the year, how much will you have in the bank after one year? Calculate the amount you will have in the bank at the end of year two and continue to calculate all the way to the end of the fifth year. B. Use the future value of $1 table in Appendix B and verity that your answer is correct.You are considering taking out a loan of $10,000.00 that will be paid back over 9 years with quarterly payments of $360.02. If the interest rate is 5.9% compounded quarterly, what would the unpaid balance be immediately after the eleventh payment? The unpaid balance would be $ (Round to 2 decimal places.) Submit Question
- You are considering taking out a loan of $11,000.00 that will be paid back over 10 years with monthly payments. If the interest rate is 5.3% compounded monthly, what would the unpaid balance be immediately after the twelfth payment? The unpaid balance would be $. (Round to 2 decimal places.)You are considering taking out a loan of $17,000.00 that will be paid back over 5 years with monthly payments of $330.24. If the interest rate is 6.2% compounded monthly, what would the unpaid balance be immediately after the eleventh payment? The unpaid balance would be?You are considering taking out a loan of $16,000.00 that will be paid back over 8 years with monthly payments of $216.55. If the interest rate is 6.8% compounded monthly, what would the unpaid balance be immediately after the thirty-fifth payment? What is the equity after the thirty-fifth payment? The unpaid balance would be $. The equity would be $
- You are considering taking out a loan of 20,000.00 that will be paid back over 7 years with monthly payments of 280.80. If the interest rate is 4.8% compounded monthly, what would be the unpaid balance after the 37th payment?You are considering taking out a loan of 20,000 that will be paid back over 7 years with monthly payments of 289.30. The interest rate is 5.7% compounded monthly , what would be the unpaid balance immediately after the 39th payment? What is the equity after the 39th payment?You are considering taking out a loan of $14,000.00 that will be paid back over 8 years with monthly payments of $171.30. If the interest rate is 4.1% compounded monthly, what would the unpaid balance be immediately after the fourteenth payment? What is the equity after the fourteenth payment? The unpaid balance would be $ (Round to 2 decimal places.) The equity would be $ (Round to 2 decimal places.)
- You are buying a house for $120,000.00 with a downpayment of $12,000.00. The loan will be paid back over 25 years with monthly payments of $558.21. If the interest rate is 3.8% compounded monthly, what would the unpaid balance be immediately after the twenty-ninth payment? What is the equity after the twenty-ninth payment? The unpaid balance would be $. (Round to 2 decimal places.) The equity would be $You are considering taking out a loan of $10,000.00 that will be paid back over 9 years with monthly payments of $116.1 4. If the interest rate is 5.2% compounded monthly, what would the unpaid balance be immediately after the ninth payment? The unpaid balance would be what?You are considering taking out a loan of $7,000.00 that will be paid back over 12 years with every 2 months payments of $149.54. If the interest rate is 7.7% compounded every 2 months, what would the unpaid balance be immediately after the fifteenth payment? Round answers to 2 decimal places.