List the house price in Belizean dollars: $510,000 Show conversion and the price in American dollars:...

  

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List the house price in Belizean dollars: $510,000 Show conversion and the price in American dollars: $253,615.45 11. If you invested $350 monthly 3.5% interest compounded monthly, how much money do you have available for a down payment 10 years later? 12. a) If you want a 10-year, fixed-rate mortgage loan, find the monthly mortgage payment for a $500,000 mortgage. b) Determine the total amount to be paid over the full term of the loan. c) How much interest that will be paid on the loan over the 10 years. 13. a) Determine your monthly mortgage payment using the same mortgage calculator. b) Calculate the total of the payments over the life of the loan? c) Find the amount of interest that will be paid on the mortgage loan over the 20 years. d) How much less is the amount of interest paid over the life of the 10-year loan than over the life of a 20-year loan? List the house price in Belizean dollars: $510,000 Show conversion and the price in American dollars: $253,615.45 11. If you invested $350 monthly 3.5% interest compounded monthly, how much money do you have available for a down payment 10 years later? 12. a) If you want a 10-year, fixed-rate mortgage loan, find the monthly mortgage payment for a $500,000 mortgage. b) Determine the total amount to be paid over the full term of the loan. c) How much interest that will be paid on the loan over the 10 years. 13. a) Determine your monthly mortgage payment using the same mortgage calculator. b) Calculate the total of the payments over the life of the loan? c) Find the amount of interest that will be paid on the mortgage loan over the 20 years. d) How much less is the amount of interest paid over the life of the 10-year loan than over the life of a 20-year loan?

Answer rating: 100% (QA)

Answer Sure lets go step by step 11 To calculate the future value of an investment with monthly contributions compounded monthly we can use the formul... View the full answer