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Please answer all questions below: Assume you have taken out a 25 -year loan of $177,890 with an annual interest rate of 6.79%, compounded monthly.
Please answer all questions below:
Assume you have taken out a 25 -year loan of $177,890 with an annual interest rate of 6.79%, compounded monthly. (a) Determine the payment amount (in dollars), to the nearest cent, on the given loan amount. $ (b) Determine the outstanding balance (in dollars), to the nearest dollar, after 18 years. $ $1,498.75 each. What is the cash price (in dollars) of your RV? (Round your answer to the nearest dollar.) value of the land is still $52,000. Round each answer to the nearest dollar.) (a) Assuming that you put some money down, what was your original loan amount (in dollars)? $ (b) What is the outstanding balance (in dollars) on your loan after making 4 years of payments? $ (c) How much equity (in dollars) do you have in the garden after 4 years? $ 2.3% APR, compounded monthly, and you wish to refinance what you still owe with a new loan at this new rate. (a) How much (in dollars) will you be refinancing? Round your answer to the nearest dollar. \$ (b) How much (in dollars) will your new monthly payment be after refinancing? Round your answer to the nearest cent. $ when you retire at age 68 ? (Round your answer to the nearest dollar.) $ monthly, and requires monthly payments. How much total interest (in dollars) will you pay on this loan after 15 years? (Round your answer to the nearest dollar.)
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