Solve the problem.You need a $89,515 loan. Compute the monthly payment for each of the loan options listed below. Assume that the loans are fixed rate.Option 1: a 30 year-loan at an APR of 8%Option 2: a 15-year loan at 7.5%
A. Option 1: $656.83
Option 2: $829.82
B. Option 1: $669.00
Option 2: $865.08
C. Option 1: $648.70
Option 2: $806.28
D. Option 1: $666.36
Option 2: $856.42
Answer: A
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Using the compound interest tables, answer each of the following questions. ? Required: a.What is the present value on January 1, 2014, of $50,000 due on January 1, 2020, and discounted at 7% compounded annually?b.What is the present value on January 1, 2014, of $8,000 due on January 1, 2022, and discounted at 10% compounded semiannually?
What will be an ideal response?
Solve the problem.In a recent year, the total receipts for the US federal government were $2154 billion. The total outlays were $2472 billion. The deficit was $318 billion. What would the deficit have been, if there had been a 0.5% decrease in total outlays?
A. $296 billion B. $329 billion C. $306 billion D. $302 billion
Use the compound interest formula for compounding more than once a year to determine the accumulated balance after the stated period.$1200 deposit at an APR of 4% with quarterly compounding for 2 years
A. $1224.12 B. $1299.43 C. $1297.92 D. $1296.00
Express the sum or difference as a product of sines and/or cosines.cos (10?) - cos (4?)
A. -2 sin (7?) sin (3?) B. 2 cos (7?) cos (3?) C. 2 cos (3?) D. -2 cos (7?) sin (3?)