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Complete the following table, which shows the monthly payments on a $100,000, 30-year mortgage at the interest rates shown. Use this information to answer the

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Complete the following table, which shows the monthly payments on a $100,000, 30-year mortgage at the interest rates shown. Use this information to answer the following questions (Round your answers to the nearest cent.) Amount of Interest Monthly Mortgage (S) Rate (4) Payment ($) 100,000 3 421.60 100,000 4 100,000 5 100,000 6 100,000 7 100,000 733.76 (a) What is the difference in monthly payments between a $100,000, 30-year mortgage secured at 7year and one secured at 3./year 8 (b) Use the table to calculate the monthly mortgage payments on a $110,000 mortgage at W/Voar over 30 years $ Use the table to calculate the monthly mortgage payments on a $30,000 mortgage at Wyear over 30 years. $ The orice of a new car is $30,000 uume that an individual moes down payment or 25% toward the purchase of the car and secure financing for the war the compounded morty (Round your answers to the nearest cent) (a) What monthly payment will she be required to move in the car is tranced over a period of 3 months? Over a penod of ek mantha? 36 months 4 months (b) What will the interest charges be if she elects the 36-month plan The 4-month plan? 36-month plans 48-month plans Need Help

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