You want to buy a $190,000 home. You plan to pay 10% as a down payment, and take out a 30 year loan at 4.45% 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.

Suppose that you decide to borrow $14,000 for a new car. You can select one of the following loans, each requiring regular monthly payments. Installment Loan A: three-year loan at 5.5% Installment Loan B: five-year loan at 6.4% a. Find the monthly payments and the total interest for Loan A. The monthly payment for Loan A is $. (Do not round until the final answer. Then round to the nearest cent as needed.) The total interest for Loan A is $. (Round to the nearest cent as needed.) b. Find the monthly payments and the total interest for Loan B. The monthly payment for Loan B is $. (Do not round until the final answer. Then round to the nearest cent as needed.) The total interest for Loan B is $. (Round to the nearest cent as needed.) c. Compare the monthly payments and the total interest for the two loans. Determine which loan is more economical. Choose the correct answer below. OA. The five-year loan at 6.4% is more economical. OB. The three-year loan at 5.5% is more economical.

You have $100 and a bank is offering 5% interest on deposits.  If you deposit the money in the bank, how much will you have in one year? How do you do calculate this on a calculator.  This would be a future value problem correct?

You buy a rental property, taking out a 15 year loan with monthly payments and a mortgage rate of 4.7%. Your plan is to pay down the remaining balance after 7 years. How much will that balance be if the value of the loan is $250,000? (Answer to nearest dollar. HINT: you must find the payment before you can find the balance.)