Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. derek borrows $317,758.00 to buy a house. he has a

Derek borrows $317,758.00 to buy a house. He has a 30-year mortgage with a rate...

80.2K

Verified Solution

Question

Finance

image
Derek borrows $317,758.00 to buy a house. He has a 30-year mortgage with a rate of 5.18%. After making 127.00 payments, how much does he owe on the mortgage? Submit Answer format: Currency: Round to: 2 declmal places. Derek borrows $43158.00 to buy a car. He will make monthly payments for 6 years. The car loan has an interest rate of 5.64%. What will the payments be? 84 Submit Answer format: Currency: Round to: 2 decimal places. Derek borrows $39,894.00 to buy a car. He will make monthly payments for 6 years. The car loan has an interest rate of 5.31%. After a 10.00 months Derek decides to pay off his car loan. How much must he give the bank? 5 Submit Answer format: Currency: Round to: 2 decimal places

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

tions K If the sales tax s 0 07d Dete

Calculus
Q

Lease versus purchase JLB Corporation is attempting to determine whether to lease or purchase research equipment. The firm...

Finance
Q

1. Learning to read is similar to learning to talk for most people. a. True b. False 2. Our...

Biology
Q

2. In order to generate charge carriers (charge separation) in organic semiconductors, why strong donor/acceptor coupling will...

Chemistry
Q

Assume that the two samples are from a normal population. Please perform a t test for...

Basic Math
Q

Describe factors that influence the financial viability of a healthcare organization

General Management
Q

Suppose the slit openings in a Young s double slit experi ment have different sizes...

Physics
Q

hat are two commonly used graphs to display the distribution of a sample of cate...

Statistics
Q

The time of a telephone call (in minutes) to a certain town is a continuous...

Calculus
Q

plz help Becton...

Accounting
Q

The following data are accumulated by Geddes Company in evaluating the purchase of $197,000 of...

Accounting
Q

Problem 1) Hiva's son now is 16 years old (Early 16). Hiva wants to invest...

Finance