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Derek borrows $273,698.00 to buy a house. He has a 30-year mortgage with a rate of 5.86%. After making 85.00 payments, how much does
Derek borrows $273,698.00 to buy a house. He has a 30-year mortgage with a rate of 5.86%. After making 85.00 payments, how much does he owe on the mortgage? Submit Answer format: Currency: Round to: 2 decimal places. Derek borrows $34,886.00 to buy a car. He will make monthly payments for 6 years. The car loan has an interest rate of 5.41%. What will the payments be? Submit Answer format: Currency: Round to: 2 decimal places. Derek borrows $36,132.00 to buy a car. He will make monthly payments for 6 years. The car loan has an interest rate of 5.79%. After a 16.00 months Derek decides to pay off his car loan. How much must he give the bank? Submit Answer format: Currency: Round to: 2 decimal places.
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