You expect to have $12,000 in one year. A bank is offering loans at 5.5% interest per year. How much can you borrow today? Today you can borrow $ 6. (Round to the nearest cent.)

You are borrowing money to buy a car. If you can make payments of $280 per month starting one month from now at an interest rate of 9%, how much will you be able to borrow for the car today if you finance the amount over 5 years?

The bank will loan you $175,000 to buy a house. The loan terms are as follows; 30 year mortgage with monthly payments and a 6.9% annual interest rate (monthly compounding). What will your monthly payments be to the bank? If you will pay $1500 each year in taxes, $1200 in insurance, and $400 in HOA fees, how much will your total mortgage payments be each month? How much interest will you pay over the 30 year life of the loan?

You borrow $250,000; the annual loan payments are $35,700.70 for 30 years. What interest rate are you being charged? Round your answer to the nearest whole number.

Suppose you found a CD that pays 2.9% interest compounded monthly for 5 years. If you deposit $12,000 now, how much will you have in the account in 5 years? (Round to the nearest cent.) What was the interest earned? (Round to the nearest cent.) $1 Now suppose that you would like to have $20,000 in the account in 5 years. How much would you need to deposit now? (Round to the nearest cent.)

You want to have $10000 in five years.  How much should you deposit today if the bank pays 4% monthly?

Suppose you will need $43,000 in 21 years. If your bank compounds interest at an annual rate of 4%, how much will you need to deposit into your account 2 year(s) from now to reach your goal? Enter your answer rounded to two decimal places. Number

Suppose you take out a $37,000 4-year balloon loan from a bank at an interest rate of 9.8%. What will be the balloon payment at the end of the loan term? Round to the nearest dollar.

You want to buy a $130,000 home. You plan to pay 5% as a down payment, and take out a 30 year loan at 6.25% interest for the rest. The bank will charge 3 points on the amount financed.a) What is the amount of the down payment?b) How much is the loan amount going to be?c) What will be the amount charged for 3 points?d) Find the amount of the monthly payment.

You just borrowed $10,000 at a rate of i(¹2)=8% per year and you pay $150 per month, starting in one month: a) How long do you expect to be paying the loan? b) If you paid the loan off with a balloon payment, how large would that payment be? c) If you paid the loan off with a drop payment, how large would that payment be?