This topic contains a solution. Click here to go to the answer

Author Question: Corrine has a 15-year mortgage loan of $60,000 with an interest rate of 7.2%. How much interest will ... (Read 44 times)

bucstennis@aim.com

  • Hero Member
  • *****
  • Posts: 532

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


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
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
Thanks for the timely response, appreciate it


mjenn52

  • Member
  • Posts: 351
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

For a complete list of videos, visit our video library