subject
Mathematics, 08.07.2020 06:01 rebeckas0102

This problem is a complex financial problem that requires several skills, perhaps some from previous sections. Clark and Lana take a 30-year home mortgage of $121,000 at 7.5%, compounded monthly. They make their regular monthly payments for 5 years, then decide to pay $1300 per month. (a) Find their regular monthly payment. (Round your answer to the nearest cent.) $ (b) Find the unpaid balance when they begin paying the $1300. (Round your answer to the nearest cent.) $ (c) How many payments of $1300 will it take to pay off the loan? Give the answer correct to two decimal places. monthly payments (d) Use your answer to part (c) to find how much interest they save by paying the loan this way. (Round your answer to the nearest cent.).

ansver
Answers: 1

Another question on Mathematics

question
Mathematics, 21.06.2019 19:20
Which of the following quartic functions has x = –1 and x = –2 as its only two real zeroes?
Answers: 1
question
Mathematics, 21.06.2019 21:00
Joanie watched 1 out of three of a movie in the morning
Answers: 1
question
Mathematics, 21.06.2019 21:30
Your company withheld $4,463 from your paycheck for taxes. you received a $713 tax refund. select the best answer round to the nearest 100 to estimate how much you paid in taxes.
Answers: 2
question
Mathematics, 21.06.2019 21:30
Which of the following is a solution of z^6 = 64i? 2(cos105° + isin105°) 2(cos120° + isin120°) 2(cos135° + isin135°) 8(cos15° + isin15°)
Answers: 1
You know the right answer?
This problem is a complex financial problem that requires several skills, perhaps some from previous...
Questions
question
Mathematics, 11.11.2019 03:31
Questions on the website: 13722362