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?

suppose you are buying your first condo for 145,000 and you will make $15,000 down payment. you have arranged to finnace the remainder with a 30 year monthly payment amortized mortgage at a 55 nominal interest rate with first payment due in one month what will your monthly payments be? how much of first month payment is the prindipal

Determine the monthly payment if you take out a loan for $ 200000 with an annual interest rate of 7% and the term of the loan is 20 years. Monthly Payment =

what is the present value of a loan that calls for the payment of $500 per year for six years if the discount rate is 10 percent and yne forst payment will be made one year from now ? how would your answer change if $500 per year occured for ten years ?

Suppose you want to purchase a $ 165000 house. If you put 20% down and finance the rest in a 15 year mortgage at an interest rate of 5.25%, what will your monthly payments be? Monthly payment =

Suppose that you take out a 40-year $175000 mortgage with an APR of 6%. You make payments for 3 years and then you consider refinancing the original loan. The new loan would have a term of 15 years, have and APR of 5.7% and be in the amount of the unpaid balance on the original loan. The administrative cost of taking out the second loan would be $1700. What are the monthly payments on the original loan? What would the monthly payment of the second loan be? What would the total amount you would pay if you continued with the original 40-year loan without refinancing? What would the total amount would you pay with the refinancing?

Suppose that your unsubsidized Stafford loans plus accumulated interest total $22000 at the time you start repayment, the interest rate is 9%APR, and you elect the standard repayment plan of a fixed amount each month for 10 years. What is your monthly repayment? How much will you pay in interest?

If we know that the interest amount we will owe at the end of a year is $500 on a loan of 5,500, our interest rate must be:

What will be the balance at the end of the tenth year on a monthly payment $130,000 loan with a 30-year amortization period at an interest rate of 5.75 percent per year? please show how to solve on financial calculator ba2plus.

Suppose you take out a 30 year mortgage for $ 225000 at 6% interest. The monthly payments on this loan are $ 1348.99. If you pay an extra 20% per month on your mortgage, how soon will you pay off the loan?