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- Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate $2,500 over the next 4 years when the interest rate is 15%, how much do you need to deposit in the account? B. If you place $6,200 in a savings account, how much will you have at the end of 7 years with a 12% interest rate? C. You invest $8,000 per year for 10 years at 12% interest, how much will you have at the end of 10 years? D. You win the lottery and can either receive $750,000 as a lump sum or $50,000 per year for 20 years. Assuming you can earn 8% interest, which do you recommend and why?You want to buy a $255,000 home. You plan to pay 5% as a down payment, and take out a 30 year loan for the rest. a) How much is the loan amount going to be? %24 b) What will your monthly payments be if the interest rate is 6%? %24 c) What will your monthly payments be if the interest rate is 7%? %24You want to buy a $202,000 home. You plan to pay 10% as a down payment, and take out a 30 year loan for the rest. a) How much is the loan amount going to be? $ 181800 b) What will your monthly payments be if the interest rate is 6%? 1089.98 C) What will your monthly payments be if the interest rate is 7%? Submit Question
- You want to buy a $198,000 home. You plan to pay 15% as a down payment, and take out a 30 year loan for the rest.a) How much is the loan amount going to be?$b) What will your monthly payments be if the interest rate is 6%?$c) What will your monthly payments be if the interest rate is 7%?You want to buy a $226,000 home. You plan to pay 5% as a down payment, and take out a 30-year loan at 6.55% interest for the rest. a) How much is the loan amount going to be? b) What will your monthly payments be? c) How much of the first payment is interest?You want to buy a $205,000 home. You plan to pay 10% as a down payment, and take out a 30 year loan at 4.15% interest for the rest. a) How much is the loan amount going to be? b) What will your monthly payments be? c) How much of the first payment is interest?
- You want to buy a $400,000.00 home. You plan to pay 10% as a down payment, and take out a 25-year loan for the rest. A. How much is the loan amount going to be? My loan amount will be $________ . B. What will your monthly payments be if the interest rate is 2%? If my interest rate is 2% then my monthly payment will be $_______ . C. What will your monthly payments be if the interest rate is 6%? If my interest rate is 6% then my monthly payment will be $_________.You want to buy a $191,000 home. You plan to pay 15% as a down payment, and take out a 30 year loan at 7% interest for the rest. a) How much is the loan amount going to be? $ b) What will your monthly payments be? $ c) How much total interest do you pay? d) Suppose you want to pay off the loan in 15 years rather than 30. What will your monthly payment be? S e) How much money in interest will you save if you finance for 15 years instead of 30 years? $You want to buy a $214,000 home. You plan to pay 10% as a down payment, and take out a 30 year loan at 5.6% interest for the rest.a) How much is the loan amount going to be?b) What will your monthly payments be?c) How much of the first payment is interest?
- (please finanas question correct answer) You want to buy a $243.000 home. You plan to pay 10% as a down payment, and take out a 30 year loan for the rest. How much im the loan amount going to be? What will your monthly payments be if the interest rate is 5%? What will be your monthly payments if the interest rate is 6%?You want to buy a $260,000 home. You plan to pay $26000 as a down payment, and take out a 30 year loan for the rest. a) How much is the loan amount going to be? b) What will your monthly payments be if the interest rate is 6% monthly? c) What will your monthly payments be if the interest rate is 7% monthly? $You want to buy a $142,000 home. You plan to pay 15% as a down payment, and take out a 30 year loan at 6.1% interest for the rest. a) How much is the loan amount going to be? $ b) What will your monthly payments be? c) How much total interest do you pay? d) Suppose you want to pay off the loan in 15 years rather than 30. What will your monthly payment be? e) How much money in interest will you save if you finance for 15 years instead of 30 years? Submit Question