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2020 R. Muhunthan > Assessment 6.5 Practice Problems Score: 3.67/19 4/19 answered 6.5 Practice Problems Score: 3.67/19 4/19 answered Question 14 Question 13 You can afford a $800 per month mortgage payment. You've found a 30 year loan at 7% interest. a) How big of a loan can you afford? can you afford? You can afford a $400 per month car payment. You've found a 3 year loan at 2% interest. How big of a loan b) How much total money will you pay the loan company? Question Help: Video Video Submit Question c) How much of that money is interest? Question Help: Video Video Video Submit Question joc D 13 asapForums Calendar Gradebook Home | My Classes . | User Settings| Log Out Home | My Classes . | User Settings| Log Out 2020 R.Mu an > Assessment Course Forums | Calendar Gradebook 6.5 Practice Problems Score: 3.67/19 4/19 answered Home > MAT140 Summer 2 2020 R. Muhunthan > Assessment Question 11 6.5 Practice Problems A E 0/1 pt Score: 3.67/19 4/19 answered You want to buy a $353,000 home. You plan to pay 15% as a down payment, and take out a 30 year loan for the rest. (Enter numeric answers to 2 decimal places.) Question 12 a) How much is the loan amount going to be? At graduation, you have a student loan of $25,000. The loan has a fixed annual interest rate of 6.8%, compounded monthly, for 10 years. What will your monthly payments be? (Enter numeric answers to 2 b) What will your monthly payments be if the annual interest rate is 3%, compounded monthly? decimal places.) c) What will your monthly payments be if the annual interest rate is 4%, compounded monthly? Submit Question Submit Question D O 1 1asap O joy openMath Home | My Classes . | User Settings| Log Out Course Forums Calendar |Gradebook Home > MAT140 Summer 2 2020 R.Muhunthan > Assessment 6.5 Practice Problems Score: 3.67/19 4/19 answered Question 9 You want to buy a $33,000 car. The company is offering a 3.4% annual interest rate, compounded monthly, for 3 years (36 months). What will your monthly payments be? (Enter numeric answers to 2 decimal places.) Submit