This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Corrine has a 15-year mortgage loan of $60,000 with an interest rate of 7.2%. How much interest will ... (Read 96 times)

bucstennis@aim.com

  • Hero Member
  • *****
  • Posts: 532
on: May 5, 2020

Question 1

Suppose you need to take out a 15-year home mortgage loan of $90,000. The annual interest rate for a 15-year mortgage at your bank is 5.4.% compounded monthly. Find the monthly mortgage payment for this loan. Round your answer to the nearest cent.
◦ $649.43
◦ $738.73
◦ $656.65
◦ $735.38
◦ $730.61

Question 2

Corrine has a 15-year mortgage loan of $60,000 with an interest rate of 7.2%. How much interest will she pay over the life of the loan? Round your answer to the nearest dollar.
◦ $39,000
◦ $36,285
◦ $38,785
◦ $38,285
◦ $38,000
Excursions in Modern Mathematics ¦ Tannenbaum ¦ 9th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by bucstennis@aim.com on May 5, 2020

T4T

  • Sr. Member
  • ****
  • Posts: 348
Reply #1 on: May 5, 2020
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.
Answer Preview
Only 35% of students answer this correctly


bucstennis@aim.com

  • Member
  • Posts: 532
Reply 2 on: May 5, 2020
Wow, this really help

Viet Thy

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Reindeer antlers grow again each year under a layer of fur called velvet. This reindeer is losing th Reindeer antlers grow again each year under a layer of fur called velvet. This reindeer is losing th
The remarkably complete skull of a 3-year-old Australopithecus girl; the fossil is 3.3 million ... The remarkably complete skull of a 3-year-old Australopithecus girl; the fossil is 3.3 million ...
Fluidization - Reaction Rate Chart Fluidization - Reaction Rate Chart
Income per Capita versus Total Fertility Rate Income per Capita versus Total Fertility Rate
A bus starts from restat a station and accelerates at a rate of 2 m/s^2 for 15 seconds. It then runs A bus starts from restat a station and accelerates at a rate of 2 m/s^2 for 15 seconds. It then runs
A promissory note has a face value of $6000 and it has a date of issue of June 1 this year. The ... A promissory note has a face value of $6000 and it has a date of issue of June 1 this year. The ...
Video: Double Vacuum Process (Illustration No Audio)

For a complete list of videos, visit our video library