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Question 1 A -C down below thank you ! Derek borrows $289,012.00 to buy a house. He has a 30-year mortgage with a rate of
Question 1 A -C down below thank you !
Derek borrows $289,012.00 to buy a house. He has a 30-year mortgage with a rate of 4.78%. After making 133.00 payments, how much does he owe on the mortgage? Submit Answer format: Currency: Round to: 2 decimal places. Derek borrows $40,966.00 to buy a car. He will make monthly payments for 6 years. The car loan has an interest rate of 5.65%. What will the payments be? Submit Answer format: Currency: Round to: 2 decimal places. Derek borrows $43,778.00 to buy a car. He will make monthly payments for 6 years. The car loan has an interest rate of 6.21%. After a 10.00 months Derek decides to pay off his car loan. How much must he give the bank? Submit Answer format: Currency: Round to: 2 decimal placesStep by Step Solution
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