Question
Suppose you want to borrow $95,000 and you find a bank offering a 20 year loan with an APR of 5%. A. Find your regular
A. Find your regular payment if you pay n=1, 12, 26, 52 times a year.
B. Compute the total payout for each of the loans in part (a).
C. Compare the total payouts computed in part (b).
A. The payment for n = 1 would be $____.
The payment for n = 12 would be $____.
The payment for n = 26 would be $____.
The payment for n = 52 would be $____.
(Do not round until final answer. Then round to the nearest cent as needed.)
B.n For n=1 total amount paid is $ _____, for n=12, the total amount paid n is $____, for n=16 , the total amount paid is $______, and for n=52 the n total amount paid is $_____.
(Round to the nearest dollar).
C. What can be said about the frequency of payment and the total amount paid?
A. More frequent payments result in a smaller total amount paid.
B. Less frequent payments result in a smaller total amount paid.
C. More frequent payments result in a larger total amount paid.
D. There is no relationship between the payment frequency and total amount paid.
Use the stiffness equation you have derived to calculate the internal force diagrams of the structure below. Confirm your results using NASTRAN and PATRAN. N mm E 2.1 105. N 9 = 450- m I = 13333 mm4 a = 0.5m A = 10000 mm EL 2EA-El 2EA-El
Step by Step Solution
3.55 Rating (166 Votes )
There are 3 Steps involved in it
Step: 1
A The payment for n 1 would be 4750 This is given by P 95000005110051240 110051240 1 P 9500000510524...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Document Format ( 2 attachments)
635dfb272ed45_180482.pdf
180 KBs PDF File
635dfb272ed45_180482.docx
120 KBs Word File
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started