Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If you buy a 100,000.00 house and make 10% down payment if your rate is 4.5% for 30 years what will your monthly payment be?

image text in transcribed
If you buy a 100,000.00 house and make 10% down payment if your rate is 4.5% for 30 years what will your monthly payment be? U-30 11.-4.5 Ansuiex:466.01 2 F: 1o0.ooo If your investments pay 6% and you want to have 2,500,000.00 25 years from no how much would you have to save each month? 6OSY If you invest 500,000.00 today a 5% interest for thirty years, how much of the interest is due to compounding? qIO, 014,b1 If you want to give away a 2000 dollar scholarship every year. How much do have to invest today if you start giving the scholarship away at the end of eight years from now and the interest rate is 4%? 34,534.5 PMT:2 .0oo Turn the page over! TN- 50 00

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Personal Finance

Authors: Elizabeth B. Goldsmith

1st Edition

0534544959, 9780534544959

More Books

Students also viewed these Finance questions