Question
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
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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 on your mortgage?
A. 183624.87
B. 202062.81
C. 208824.18
D. 231000.00
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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
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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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