Y utorials utoring utors ing urse Tech PF.9 Loans - Homework Score 0/54 0/18 answered Question 1 Y + Finance Matching Match each topic with the correct description. a. ONE deposit b. MANY deposits c. MANY payments d. MANY withdrawals Payout Annuity BLoans B Annuity B Lump Sum Saving Submit Question Progress saved Dor 0/2 pts Y utorials utoring utors ang Tech PF.9 Loans - Homework Score: 0/5 0/18 answered Question 2 T You can afford a $1,450.00 per month mortgage payment. You can get a loan at 8% interest for 15 years. A. What is the largest loan can you afford? I can afford a loan of at most B. How much total money will you pay the loan company? The total of all my payments will be C. How much of that money is interest? Question Help: Video 1 Video 2 Submit Question The amount of my total payments will be 0/4 pts 399 Details Progress saved Done ce Hours bus dule les assions o Library alator Tutorials Math Tutoring Math Tutors ne Tutoring rt a Course derbird Tech ort Due Sunday by 11:59pm Points 54 Submitting an external tool i PF.9 Loans - Homework Score: 0/54 0/18 answered Question 3 Soho 0 850 0/2 pts 399 Details Progress saved Done abus edule Jes ussions o Library ulator Tutorials Math Tutoring Math Tutors: e Tutoring art a Course derbird Tech ort Due Sunday by 11:59pm Submitting an external tool PF.9 Loans Homework Score: 0/54 0/18 answered Question 12 You bought a car 2 years ago, taking out a $15,000 loan at a 4.9% interest rate for 4 years. Your monthly payments are $344.77. A. How much will still be owed after making payments for 2 years? I will still owe after making payments for 2 years. B. If the car's value is now $9,000 then how much equity do you have after making payments for 2 years? I will have in equity after making payments for 2 years Time Value of Money Solver Enter the given values. Solve N: = 0 Number of Compounding Periods 1:% = Sove 0 Annual Interest Rate as a Percent PV:= Salve Present Value Points 54 Progress saved Done B0/2 pts 0399 Detal Syllabus Schedu Grades Discussions Video Library Calculator Tutorials MCC Math Tutoring MCC Math Tutors Online Tutoring eport a Course Error Thunderbird Tech support PF.9 Loans Homework Score 0/54 0/18 answered Question 13 The cost of a home you want to purchase is $190,000.00. To qualify for a mortgage, your lender wants a 20% down payment. Your mortgage interest rate is 7% for 15 years and you have to pay 3 points. A. How much money do you need for the down payment? I need for the down payment. How much will your mortgage be? My mortgage amount will be C. How much will you have to pay for the points? I will have to pay for the 3 points. Hint D. What is the monthly payment? a month. Hint My payment will be E. By the end of the loan what will be the total of all your payments? By the end of the loan, the total of all my payment will be F. What is the total interest you will have paid on your mortgage by the end of the loan? in interest by the end of the loan. Hint I will have paid Mein Vito 1 Video 2 Progress saved Done 8 B0/4099 Details rials ring rs PF.9 Loans - Homework ore: 0/541 0/18 answered Question 14. You have purchased a home using a $190,000.00 mortgage at an interest rate of 6% for 25 years. Your monthly payment is $1,224.18. Use this information to complete the table below. Month Prior Principal Interest on Prior Principal Monthly Payment Ending Principal 1 2 Question Help: Video Submit Question Progress saved Done 8 fi 0/4 pts 0399 Details tome Office Fours yllabus chedule rades scussions deo Library culator Tutorials CC Math Tutoring CC Math Tutors ine Tutoring ort a Course ar underbird Tech port Due Sunday by 11:59pm Submitting an external tool PF.9 Loans - Homework Score: 0/54 0/18 answered Question 15 You decide to finance a $21,000.00 car at a 4% interest rate for 5 years. A. How much will your monthly payment? My payment will be a month. Hint B. How much interest will you pay over the life of the loan? I wil pay in interest over the life of the loan. Hint Question Help: Video 1 Video 2 Submit Question Points 54 Progress saved Done 0/4 pts 399 Details rials ring es PF.9 Loans - Homework Sco0/54 0/18 answered Question 16 You have purchased a car using a $12,500.00 loan at an interest rate of 6% for 4 years. Your monthly payment is $293.57. Use this information to complete the table below. Round to the nearest penny for each box. Month Prior Principal Interest on Prior Principal Monthly Payment Ending Principal 2 3 Question Help: Video Submit Question Progress saved Done 0/4 pts 399 Details ce edule cussions to Library ulator Tutorials Math Tutoring Math Tutors he Tutoring art a Course derbird Tech ort PF.9 Loans - Homework Score: 0/54 0/18 answered Question 17 Let's make this material personal for you. Suppose you are going to buy a car using a loan. Please enter your own choices for the next three questions. How much money are you willing to borrow? (do not enter a dollar sign or commas in this answer box) What interest rate do you think you will qualify for? % (do not enter a percent sign in this answer box) How long a term would you like for your loan to be? years If you are able to finance a car with the above loan amount, interest rate, and term then what would your monthly car payment be? My car payment would be a month. Hint Question Help: Video 1 Video 2 Submit All Parts Progress saved Done 8 0/2 pts 399 Details ale ons brary or Tutorials th Tutoring ch Tutors toring Course rd Tech Seore: 0/54 0/18 answered Question 18 Let's make this material personal for you. Suppose you are going to buy a house using a loan (called a mortgage). Please enter your own choices for the next three questions. How much money are you willing to borrow? (do not enter a dollar sign or commas in this answer box) What interest rate do you think you will qualify for? % (do not enter a percent sign in this answer box) How long a term would you like for your mortgage to be? years If you are able to finance a house with the above mortgage amount, interest rate, and term then what would your monthly mortgage payment be? My mortgage payment would be a month. Hint Question Help: Video 1 Video 2 Submit All Parts Progress saved Done 84 B0/2 pts 399 O