Question: I need help with number 12 and 13!! 12) Use the following personal loan payment calculator to determine the monthly payments and the total cost
I need help with number 12 and 13!!
12) Use the following personal loan payment calculator to determine the monthly payments and the total cost of borrowing $18000 at rate of 3% for 4 years.PERSONAL LOAN PAYMENT CALCULATOR
Monthly payment per $1000 borrowedInterest Rate: 3.00 Term in Years: year 1: 84.69 year 2: 42.98 year 3: 29.08 year 4: 22.13 year 5: 17.97
13) Use the Monthly Mortgage Payment Calculator to determine the difference between the monthly payments and the total cost of payments made on a $325000 mortgage at a rate of 5.5% for twenty years to the same mortgage taken out over 30 years.
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Self-Assessment No Attempt = 0 Beginning = 1 Emerging - 2 Developing = 3 Proficient = 4 Exemplary =5 12) Use the following personal loan payment calculator to determine the monthly payments and the total cost of borrowing $18000 at rate of 3% for 4 years. PERSONAL LOAN PAYMENT CALCULATOR Monthly payment per $1000 borrowed Interest Rate Term in Years 2 3 5 3.00 84.69 42.98 29.08 22.13 17.97 Self-Assessment No Attempt = 0 Beginning = 1 Emerging = 2 |Developing = 3 Proficient = 4 Exemplary =5 Page 10 of 16 Mathematics Pre-calculus 1 1 Unit 8 Self-Assessment 13) Use the Monthly Mortgage Payment Calculator to determine the difference between the monthly payments and the total cost of payments made on a $325000 mortgage at a rate of 5.5% for twenty years to the same mortgage taken out over 30 years. INTEREST MONTHLY PAYMENT RATE PER THOUSAND DOLLARS 15 years 20 years 30 years 4.25% $7.53 $6.21 $4.93 4.5% 7.65 6.34 5.08 4.75% 7.78 6.48 5.22 5.0% 7.91 6.60 5.37 5.25% 8.04 6.74 5.53 5.5% 8.18 6.89 5.69 5.75% 8.31 7.03 5.84 6.0% 8.44 7.17 6.00 6.25% 8.58 7.32 6.16 6.5% 8.72 7.46 6.33 6.75% 8.85 7.61 6.49 7.0% 8.99 7.75 6.65 7.25% 9.13 7.90 6.82 7.5% 9.27 8.06 6.99
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