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Tou are purchating a home for 5150,000 at a 4% APR. Yout loan period is 360 months. If you make payments of $1, 150, how
Tou are purchating a home for 5150,000 at a 4% APR. Yout loan period is 360 months. If you make payments of \$1, 150, how long will it take you to ropay your ontire loan? 197 months 171 monlhs 202 months 190 moeths 156 months QUESTION 9 You parchase a whicle for $25,000 at an BW APR. Your loan term is 72 months, Afler one year of making payments, how much do you stil owe on the yehicie? $21,617$32.532510.740$20.359 QUESTION 10 Two yeare ago, you purchased a vehide for $30,000 at an 8%. APR. Your ban tem was 60 months The current valus of your vinicle is $20,000. If you only made minimum payments lor these past two years, how much equaty do you have in the vehicle? 51,291 15,462 514,598 810,411 52,537
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