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Author Question: If a loan was repaid by ordinary monthly payments of $715.00 in seven years at 9.12%, compounded ... (Read 141 times)

appyboo

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on: Jun 6, 2019

Question 1

Annette bought a vacation property for $22 900.00 down and quarterly mortgage payments of $1224.51 at the end of each quarter for six years. Interest is 8.4% compounded quarterly.
a) What was the purchase price of the property?
b) How much interest will Annette pay?

Question 2

If a loan was repaid by ordinary monthly payments of $715.00 in seven years at 9.12%, compounded monthly, how much interest was paid?
Contemporary Business Mathematics with Canadian Applications ¦ Hummelbrunner, Halliday, Coombs ¦ 11th Edition
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Marked as best answer by appyboo on Jun 6, 2019

katheyjon

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Reply #1 on: Jun 6, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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appyboo

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Reply #2 on: Jun 6, 2019
Thank you!


katheyjon

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Reply #3 on: Jun 6, 2019
Always glad to help...


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