Question
Derek borrows $345,119.00 to buy a house. He has a 30-year mortgage with a rate of 4.60%. After making 140.00 payments, how much does he
Derek borrows $345,119.00 to buy a house. He has a 30-year mortgage with a rate of 4.60%. After making 140.00 payments, how much does he owe on the mortgage?
Derek borrows $32,387.00 to buy a car. He will make monthly payments for 6 years. The car loan has an interest rate of 5.55%. What will the payments be?
Derek borrows $31,998.00 to buy a car. He will make monthly payments for 6 years. The car loan has an interest rate of 6.38%. After a 16.00 months Derek decides to pay off his car loan. How much must he give the bank?
Suppose you deposit $1,079.00 into an account 4.00 years from today that earns 11.00%. It will be worth $1,927.00 _____ years from today.
Derek plans to buy a $32,702.00 car. The dealership offers zero percent financing for 48.00 months with the first payment due at signing (today). Derek would be willing to pay for the car in full today if the dealership offers him $____ cash back. He can borrow money from his bank at an interest rate of 5.53%.
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