Finance Questions & Answers

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. \$

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?

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 \( 6 \% \) ? Question Help: Dideo 1 Video 2 Message instructor

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..)

Score on last try: 0 of 2 pts. See Details for more. \( > \) Next question \( \leftrightarrows \) Get a similar question You can retry this question below 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? Question Help: Video \( 1 \square \) Video \( 2 \square \) Message instructor Submit Question

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? Question Help: Video 1

You want to be able to withdraw \( \$ 50,000 \) each year for 20 years. Your account earns \( 6 \% \) interest. a) How much do you need in your account at the beginning? b) How much total money will you pull out of the account? c) How much of that money is interest?

7.1 \( \begin{array}{l}\text { Drie jaar gelede was die prys van 'n brood R14, } 14 \text { elk. As die gemiddelde } \\ \text { inflasiekoers } 4,8 \% \text { vanaf } 2021 \text { tot op hede was, bepaal wat die prys van } \\ \text { een brood nou sal wees. }\end{array} \) 7.2 'n Bakkery koop 'n nuwe industriële oond teen 'n koste van R65 000 . 'n Lening is uitgeneem by 'n geregistreerde finansiële instansie, wat \( 9 \% \) enkelvoudige rente vir die eerste 2 jaar en \( 6 \% \) saamgestelde rente vir die laaste twee jaar van die lening hef. Bereken die totale bedrag wat die bakkery hierdie finansiële instansie sal moet betaal aan die einde van die 4-jaarlening.

zoberto bought a \( \$ 270,000 \) house, paying \( 20 \% \) down, and financing the rest at \( 4.6 \% \) interest for 30 years. fer monthly payments are \( \$ 1107.31 \). How much will he really pay for her \( \$ 270,000 \) house? Roberto will pay a total of \( \$ \square \) for the house.

You want to be able to withdraw \( \$ 35,000 \) from your account each year for 30 years after you retire. You expect to retire in 20 years. If your account earns \( 5 \% \) interest, how much will you need to deposit each year until retirement to achieve your retirement goals? \( \$ \) Round your answer to the nearest cent.