Question: Jack needs to borrow 1 000 for the next year
Jack needs to borrow $ 1,000 for the next year. Bank South will give him the loan at 9%. SunCoast Bank will give him the loan at 7% with a $ 50 loan origination fee. First National will give him the loan at 6% with a $ 25 loan origination fee. Determine the total interest and fees Jack will be charged in each case. Which loan should Jack choose?
Answer to relevant QuestionsJohn and Cheryl just borrowed $ 30,000 on a home equity line of credit. The interest rate for the loan is 6.75% for the entire year, and they took out the loan on May1. John and Cheryl are in the 28% tax bracket. What will ...After making the down payment, she will finance $ 15,500. Sharon is offered three maturities. On a four- year loan, Sharon will pay $ 371.17 per month. On a five- year loan, Sharon’s monthly payments will be $ 306.99. On a ...What is your first task when considering buying a home? Why is this step important? How can a real estate broker help you? What are the costs of renting a home? Why is the reputation of the school system in the area of the home you are buying important?
Post your question