Hello there,

could you please help me to solve the problem. Thank you so much.

Joel is considering putting a $4600 laptop purchase on his credit card, which has an interest rate of 2.35% compounded monthly. How long will it take him to pay off the purchase if he makes monthly payments of $50 ? Round your answer to the nearest tenth of a year. years Practice: Annuities and Loans Score: 1.67/101/10 answered You can afford a $1050 per month mortgage payment. You've found a 30 year loan at 8% interest. a) How big of a loan can you afford? b) How much total money will you pay the loan company? c) How much of that money is interest? Question Help: Video 1 Practice: Annuities and Loans Score: 1.67/101/10 answered You want to buy a $235,000 home. You plan to pay 20% as a down payment, and take out a 30 year loan for the rest. a) How much is the loan amount going to be? b) What will your monthly payments be if the interest rate is 5% ? c) What will your monthly payments be if the interest rate is 6% ? Question Help: You want to be able to withdraw $40,000 from your account each year for 25 years after you retire. You expect to retire in 30 years. If your account earns 9% interest, hrow much will you need to deposit each year until retirement to achieve your retirement goals