SOLUTION: I HAVE TWO QUESTIONS! PLEASE HELP!
SUPPOSE THAT YOU WANT TO PURCHASE A HOME FOR $450,000 WITH A 30 YEAR MORTGAGE AT 6% INTEREST. SUPPOSE THAT YOU CAN PUT 30% DOWN. ASSUME THAT T
Algebra.Com
Question 483326: I HAVE TWO QUESTIONS! PLEASE HELP!
SUPPOSE THAT YOU WANT TO PURCHASE A HOME FOR $450,000 WITH A 30 YEAR MORTGAGE AT 6% INTEREST. SUPPOSE THAT YOU CAN PUT 30% DOWN. ASSUME THAT THE MONTHLY COST TO FINANCE $1000.00 IS $6.00. WHAT IS THE TOTAL AMOUNT OF INTEREST PAID ON THE 30 YEAR LOAN?
SUPPOSE YOU HAVE A $1,000 CHARGE ON A CREDIT CARD CHARGING 1.5% MONTHLY INTEREST USING THE ADJUSTED BALANCE METHOD. tHE MINIMUM PAYMENT DUE IN MAY IS $40. HOW MUCH WILL YOU SAVE IN INTEREST CHARGES IN JUNE BY PAYING $80 INSTEAD
Answer by aprylk25(2) (Show Source): You can put this solution on YOUR website!
RELATED QUESTIONS
You borrow $650,000 from a mortgage company for a 30 year loan at 7.1% interest to... (answered by math_tutor2020)
The Ability-to-Repay Rule, adopted by the Consumer Financial Protection Bureau in... (answered by Theo)
Over the past 40+ years, interest rates have varied widely.
The rate for a 30-year... (answered by ikleyn)
Five years ago, Diane secured a bank loan of $360,000 to help finance the purchase of a... (answered by Theo)
Is it 841.09? I want to check my answer.
Type the correct answer in the box. Use... (answered by ikleyn)
Is it 841.09? I want to check my answer
Type the correct answer in the box. Use... (answered by ikleyn)
Is it 841.09? I want to check my answer
Type the correct answer in the box. Use... (answered by MathLover1)
Is it 841.09? I want to check my answer
Type the correct answer in the box. Use... (answered by ikleyn)
A person purchased a $198741 home 10 years ago by paying 20% down and signing a... (answered by ikleyn,MathTherapy,math_tutor2020)