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Your mortgage has 17 years remaining. Your weekly payments are $297 and the mortgage interest rate is 3.25% compounded semi-annually. How much do currently owe

  1. Your mortgage has 17 years remaining. Your weekly payments are $297 and the mortgage interest rate is 3.25% compounded semi-annually. How much do currently owe on your mortgage?

    A.

    183624.87

    B.

    202062.81

    C.

    208824.18

    D.

    231000.00

  1. Kelsey bought a car priced at $19 700.00 for 20% down and equal monthly payments for 4.5 years. If interest is 8.22% compounded semi-annually, what is the size of the monthly payment?

    A.

    374.90

    B.

    349.11

    C.

    414.50

    D.

    436.39

  1. A debt of $5000 is repaid by making payments of $208. If interest is 6.95% compounded monthly, for how long (in months) will quarterly payments have to be made?

    A.

    102 months

    B.

    33 quarters

    C.

    33 months

    D.

    101 months

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