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Question 11 > A couple buys a $180000 home, making a down payment of 23%. The couple finances the purchase with a 15 year mortgage
Question 11 > A couple buys a $180000 home, making a down payment of 23%. The couple finances the purchase with a 15 year mortgage at an annual rate of 2.83%. Find the monthly payment. . Question 7 A state lotto has a prize that pays $2,000 each week for 40 years. If the couple decides to increase the monthly payment to $1000, find the number of payments. Find the total value of the prize: If the state can earn 5% interest on investments, how much money will they need to put into an account now to cover the weekly prize payments? Submit Question $ Question 10 Reminder: There are 52 weeks in a year. Joel is considering putting a $1600 laptop purchase on his credit card, which has an interest rate of 2.2% compounded monthly. How long will it take him to pay off the purchase if he makes monthly payments of $65? Round your answer to the nearest tenth of a year. . Question 26 years A young professional wishes to have $800000 in her retirement account. She invests $900 monthly in the account which earns 8% annually. Find the number of payments needed to reach her goal. Question 14 > Submit Question After graduating with a master's degree, Melissa combined all of her student loans into a single loan of $18,000.00 with an interest rate of 5.2% compounded quarterly. If she is planning to pay off the loan in 11 years, what will her quarterly payment be? Question 20 The quarterly payment would be $ (Round to 2 decimal places.) A consumer buys a used car for $17500 with monthly payments of $280, an annual interest rate of 3.49%. Find the number f payments. Question 15
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