Derek borrows $$318,100\mathrm{.}00$ to buy a house. He has a $30-$year mortgage with a rate of $4\mathrm{.}88\%.$ After making $114\mathrm{.}00$ payments, how much does he owe on the mortgage?

unansw

not subm

Attempts Remai

Answer format: Currency: Round to: $2$ decimal places.

Derek borrows $$43,047\mathrm{.}00$ to buy a car. He will make monthly payments for $6$ years. The car loan has an interest rate of $6\mathrm{.}42\%.$ What will the payments be$?$

unansw

not subm

$$

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Answer format: Currency: Round to: $2$ decimal places.

Derek borrows $$34,233\mathrm{.}00$ to buy a car. He will make monthly payments for $6$ years. The car loan has an interest rate of $5\mathrm{.}99\%.$ After a $14\mathrm{.}00$ months Derek decides to pay off his car loan. How much must he give the bank?

unansw

not subm

$$

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Answer format: Currency: Round to: $2$ decimal places.

Derek decides to buy a new car. The dealership offers him a choice of paying $$557\mathrm{.}00$ per month for $5$ years $($with the first payment due next month$)$ or paying some amount today. He can borrow money from his bank to buy the car. The bank requires a $6\mathrm{.}00\%$ interest rate. What is the

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most that he would be willing to pay today rather than making the

not subm

payments?

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$$

Answer format: Currency: Round to: $2$ decimal places.

Derek plans to buy a $$32,421\mathrm{.}00$ car. The dealership offers zero percent financing for $59\mathrm{.}00$ months with the first payment due at signing $($today$).$ Derek would be willing to pay for the car in full today if the dealership offers him $ $q,$ cash back. He can borrow money from his bank at an interest rate of $5\mathrm{.}64\%.$

not$\_$subm

interest rate of $5\mathrm{.}64\%.$

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$$

Answer format: Currency: Round to: $2$ decimal places.

Suppose you deposit $$1,095\mathrm{.}00$ into an account $5\mathrm{.}00$ years from today that earns $10\mathrm{.}00\%.$ It will be worth $$1,992\mathrm{.}00$ years from today.

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