Question: PLEASE ANSWER BOTH QUESTIONS REALLY IN NEED WORK DUE AT 11:45 Derek borrows $325,506.00 to buy a house. He has a 30-year mortgage with a

PLEASE ANSWER BOTH QUESTIONS REALLY IN NEED WORK DUE AT 11:45
PLEASE ANSWER BOTH QUESTIONS REALLY IN NEED WORK DUE AT 11:45 Derek

Derek borrows $325,506.00 to buy a house. He has a 30-year mortgage with a rate of 4.89%. After making 149.00 payments, how much does he owe on the mortgage? Answer format: Currency: Round to: 2 decimal places. Derek borrows $42,946.00 to buy a car. He will make monthly payments for 6 years. The car loan has an interest rate of 5.21%. What will the payments be? Answer format: Currency: Round to: 2 decimal places. Derek borrows $325,506.00 to buy a house. He has a 30-year mortgage with a rate of 4.89%. After making 149.00 payments, how much does he owe on the mortgage? Answer format: Currency: Round to: 2 decimal places. Derek borrows $42,946.00 to buy a car. He will make monthly payments for 6 years. The car loan has an interest rate of 5.21%. What will the payments be? Answer format: Currency: Round to: 2 decimal places

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!