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please answer this three questions thanks You want to buy a new house. The bank is willing to make you a 30-year loan at 8%
please answer this three questions thanks
You want to buy a new house. The bank is willing to make you a 30-year loan at 8% compounded monthly for 90% of the value of the house. How much is your down- payment if the mortgage payments are $2500 per month? $37,856.53 $41,285.22 $254,435.43 $340,708.74 $367,259.27 It is widely reported on the Internet that the island of Manhattan was purchased in the 17th century for a price of 60 Dutch guilders-roughly equal to $24 (US). Suppose that instead of purchasing Manhattan, the Dutch colonists had invested their $24 (US) in Europe at an average rate of 4.5% per year. If the $24 USD had been invested for exactly 385 years earning simple interest (i.e., without compounding), approximately how much would their investment now be worth? $440 $549,519,444 $9,240 $24,736,768 None of the above You just turned 19 years old and want to go to Stages for the first time. Sadly, you have no money because you were forced to buy textbooks at school. Happily, you will receive $1,000 cash in exactly two months when your parents come to visit you in Kingston. If you obtain a short-term loan from FunnyMoneyMart at a stated interest rate of 3% per month, what is the largest amount you can borrow today if you intend to use all of your gift money to repay the debt in two months? $897.96 $1,060.90 $995.05 $942.60 None of the aboveStep by Step Solution
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