Question
Derek borrows $299,931.00 to buy a house. He has a 30-year mortgage with a rate of 5.55%. After making 97.00 payments, how much does he
Derek borrows $299,931.00 to buy a house. He has a 30-year mortgage with a rate of 5.55%. After making 97.00 payments, how much does he owe on the mortgage?
Answer format: Currency: Round to: 2 decimal places.
Derek borrows $36,284.00 to buy a car. He will make monthly payments for 6 years. The car loan has an interest rate of 5.24%. What will the payments be?
Answer format: Currency: Round to: 2 decimal places.
Derek borrows $37,025.00 to buy a car. He will make monthly payments for 6 years. The car loan has an interest rate of 5.97%. After a 11.00 months Derek decides to pay off his car loan. How much must he give the bank?
Answer format: Currency: Round to: 2 decimal places.
Suppose you deposit $1,006.00 into an account 5.00 years from today that earns 12.00%. It will be worth $1,888.00 _____ years from today.
Answer format: Number: Round to: 2 decimal places.
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