Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. help pls!! 14 the townsends want to...

help pls!! 14 The Townsends want to...

70.2K

Verified Solution

Question

Finance

help pls!! image
image
image
14 The Townsends want to refinance the balance of $72,250 on their house using a 30-year mortgage at 8%. What will their monthly payment be? (use the table) d. $682.36 c. $722.50 b. $530.00 a. $530,14 25 Years IS 33 7 1110 13 Table-Not an Answer Choice 15 The Duncan family plans to buy a house selling for $320,000. The bank requires a 20% down payment and the current mortgage rate is 6.0%. Determine the monthly mortgage payment for a 20-year loan with a 20% down payment. (Use the amortization table) a. $2,291.20 b. $1,761.28 c. $1,536 d. $1,832.96 16 IT 11 39 13 4 1 O Table-Not an answer Choice 13 Determine the maximum monthly payment you could afford for a house if your gross monthly income was $2575 and your current monthly payments were $650.00 d. $927.00 c. $500.00 b. $693.00 a. $750.00 B

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

4.In dancing bears, short fur is dominant to long fur, and curly hair is dominant to...

Biology
Q

Calculate the EMF of the cell: Al(s) | Al3+ (0.02 M) || Au+ (0.01 M) |...

Chemistry
Q

In the energy level diagram shown below, the energy difference between States 3 and 4 is...

Physics
Q

3 Glycogen phosphorylase is more less active when phosphorylated and it is activated inhibited by...

Biology
Q

An insurance company sets up a statistical test with a null hypothesis that the average...

Statistics
Q

In Exercises 31 40 find the Taylor series centered at c and the interval on...

Calculus
Q

etch the region of integration and convert the polar integral to a Cartesian integral or...

Calculus
Q

How does the FASB define a VIE? Provide the ASC numbers and summarize.

Accounting
Q

Due to the sluggish economy, the Constellation Company has experienced some difficulty in selling its...

Accounting
Q

Calculate Tyson Company's net cash flow from investing activities for 2027. If your answer...

Accounting
Q

DEF Company will issue $2,000,000 in 10%, 10-year bonds when the market rate of interest...

Accounting
Q

Weathermaster Window Company manufactures windows for the home-building industry. The window frames are produced in...

Accounting