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 ->  Finance -> 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      Log On


   



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

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