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You currently owe $3,068 to your credit card that charges an annual interest rate of 18.00%. You make $162 of new charges every month and
You currently owe $3,068 to your credit card that charges an annual interest rate of 18.00%. You make $162 of new charges every month and make a payment of $160 every month. What will your credit card balance be in three months? | |
Q4) You would like to retire in 38 years. The expected rate of inflation is 05.00% per year. You currently have a standard of living that requires $5,277 of monthly expenses. Assuming you want to maintain the same standard of living in retirement, what are your monthly expenses expected to be the first year of retirement? | |
You purchase a house for $481,643. You made a down payment of $20,000 and the remainder of the purchase price was financed with a mortgage loan. The mortgage loan is a 30-year mortgage with an annual interest rate of 07.00%. Mortgage payments are made monthly. What is the monthly amount of your mortgage payment? |
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