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Q:
Suppose you invest \( \$ 190 \) a month for 6 years into an account earning \( 9 \% \) compounded monthly. After 6
years, you leave the money, without making additional deposits, in the account for another 29 years. How
much will you have in the end?.
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Q:
You want to buy a \( \$ 224,000 \) home. You plan to pay \( 10 \% \) as a down payment, and take out a 30 year loan for
the rest.
a) How much is the loan amount going to be?
b) What will your monthly payments be if the interest rate is \( 5 \% \) ?
c) What will your monthly payments be if the interest rate is \( 6 \% \) ?
Q:
You deposit \( \$ 4000 \) each year into an account earning \( 5 \% \) interest compounded annually. How much will you
have in the account in 20 years?
Q:
Jenelle bought a home for \( \$ 180,000 \), paying \( 22 \% \) as a down payment, and financing the rest at \( 5.8 \% \) intere
for 30 years. Round your answers to the nearest cent.
How much money did Jenelle pay as a down payment? \$ 39,600
What was the original amount financed? \( \$ 140,400 \)
What is her monthly payment? \$
If Jenelle makes these payments every month for thirty years, determine the total amount of money
she will spend on this home. Include the down payment in your answer. \$
Q:
Jenelle bought a home for \( \$ 180,000 \), paying \( 22 \% \) as a down payment, and financing the rest at \( 5.8 \% \) interest
for 30 years. Round your answers to the nearest cent.
How much money did Jenelle pay as a down payment? \$
What was the original amount financed? \$
What is her monthly payment? \$
If Jenelle makes these payments every month for thirty years, determine the total amount of money
she will spend on this home. Include the down payment in your answer. \$
Q:
Question 13
years, you leave the money, without making additional deposits, in the account for another 22 years. How
much will you have in the end?
Suppose instead you didn't invest anything for the first 5 years, then deposited \( \$ 170 \) a month for 22 years
into an account earning \( 9 \% \) compounded monthly. How much will you have in the end?
Q:
You want to buy a \( \$ 224,000 \) home. You plan to pay \( 10 \% \) as a down payment, and take out a 30 year loan for
the rest.
a) How much is the loan amount going to be?
b) What will your monthly payments be if the interest rate is \( 5 \% \) ?
Q) What will your monthly payments be if the interest rate is \( 6 \% \) ?
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Q:
You have \( \$ 3,500 \) on a credit card that charges a \( 16 \% \) interest rate. If you want to pay off the credit card in
4 years, how much will you need to pay each month (assuming you don't charge anything new to the card)?
Enter an integer or decimal number (more..)
Q:
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You can afford a \( \$ 400 \) per month car payment. You've found a 5 year loan at \( 7 \% \) interest. How big of a loan
can you afford?
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Q:
You can afford a \( \$ 350 \) per month car payment. You've found a 3 year loan at \( 2 \% \) interest. How big of a loan
can you afford?
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