Question: how do you answer these? what equations do you use? Question 6 Homework Unanswered If you take out an amortized loan of $8,000 for 6

how do you answer these? what equations do you use? Question

how do you answer these? what equations do you use?

Question 6 Homework Unanswered If you take out an amortized loan of $8,000 for 6 years at an interest rate of 6%, what are the annual payments you'd have to make to pay it off? Round to the nearest dollar. Type your numeric answer and submit Submit Unanswered - 3 attempts left Question 7 Homework Unanswered Suppose you are buying a $250,000 house. You will make a 20% down payment and take out a mortgage for the rest. A mortgage lender offers a 3.5% fixed rate loan for 30 years. If you go with this loan, how much will your monthly payments be? Round to the nearest dollar. 3 Type your numericanswer and submi

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