Question: Determine the monthly payment and interest payment for a 1 5 - year mortgage when the amount financed is 9 5 0 0 0 amd

Determine the monthly payment and interest payment for a 15-year mortgage when the amount financed is 95000 amd the annaul percentage rate is 8.0 percent
The monthy prinicple and interest payment is $
Determine the monthly payment and interest payment for a 15-year mortgage

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Q:

Determine the monthly principal and interest payment for a 15 -year mortgage when the amount financed is $65,000 and the annual percentage rate (APR) is 5.0%. Monthly Principal and Interest Payment...

Q:

Determine the monthly principal and interest payment for a 20 -year mortgage when the amount financed is $275,000 and the annual percentage rate (APR) is 5.0%. The monthly principal and interest...

Q:

Suppose you want to buy a house for $ 4 2 0 , 0 0 0 and you have $ 4 0 , 0 0 0 in savings you can use as a down payment The rest you finance with a 5 - year mortgage ( monthly payments ) with a...

Q:

Determine the monthly principal and interest payment for a 15 -year mortgage when the amount financed is $85,000 and the annual percentage rate (APR) is 7.0%. The monthly principal and interest...

Q:

AMoving to another question will save this response. >> Question 26 10 points Save Answer Determine the monthly payment (principal and interest payment) for a 20-year mortgage when the amount...

Q:

Problem 1 Suppose you want to buy a house for $620,000 and you have $80,000 in savings you can use as a down payment. The rest you finance with a 5 -year mortgage (monthly payments) with a quoted...

Q:

Determine the monthly principal and interest payment for a 2 0 year mortafe when the amount financed is $ 2 8 5 , 0 0 0 and the annual percebtage rate ( APR ) is 5 . 5 % the monthly principal and...

Q:

need 5-9 Many mortgage lenders offer a way to lower your interest rate by paying some of the interest up front. This prepaid interest is known in the industry as points. Each point corresponds to 1%...

Q:

Directions: Answer all questions. While you may use your calculator, be sure to show what calculations you do in the spil sure you fill out the summary sheet on the last page. 1. Before you buy a...

Q:

Part 1: According to Northwestern Mutual, 56% of adults in the US don't know how much money they will need to save to retire. This can be problematic when setting up your long-term financialgoals. In...

Q:

1. You are to sort a list L consisting of a sorted list followed by a few "random" elements. Which of sorting methods would be especially suitable for such a task? Explain your reason. 2. Which...

Q:

To complete a project you can either buy a machine at the beginning of a 5 year period, or hire 5 employees at the beginning of a 5 year period. Employee costs (salary and benefits) are $5,000 per...

Q:

Which of the following statements is CORRECT, holding other things constant? If changes in the bankruptcy code make bankruptcy less costly to corporations, then this would likely lead to lower debt...

Q:

10) For a bond that pays cash interest (i.e., not a zero coupon bond), YTM is (a) always equal to the coupon rate (b) always equal to the current yield (c) is always less than the coupon rate (d) can...

Q:

d. What differences (if any) were there in the roles that members of the various groups played? Did one group play more sophisticated or more glamorous roles than others?

Q:

2. Explain the nominalist, relativist, and qualified relativist positions on language and perception.

Q:

e. In how many cases were people depicted in stereotypical rolesfor example, African Americans as athletes, or women as homemakers?