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please help 34 354) You are purchasing a home. The cost of the home (and the amount of your loan) is $250,000 36 The annual

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34 354) You are purchasing a home. The cost of the home (and the amount of your loan) is $250,000 36 The annual rate on your mortgage is 6% (compounded monthly) and the loan is for 30 years. 37 What will be your monthly house payment? 38 39 40 41 42 43 5) You never took Shovein's Personal Financial Planning class so you have rung up $10,000 44 of credit card debt. Visa is charging you 18% annual percentage rate (APR) and compounding 45 interest monthly. Your monthly minimum payment is $200. 46 How many months will it take you to payoff your credit card? 47 48 49

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