Question: please help :( 10 Derek borrows $266,659.00 to buy a house. He has a 30-year mortgage with a rate of 5,19%. After making 145.00 payments,
please help :(
10 Derek borrows $266,659.00 to buy a house. He has a 30-year mortgage with a rate of 5,19%. After making 145.00 payments, how much does he owe on the mortgage? Submit Answer format: Currency: Round to: 2 decimal places. 2 Derek borrows $35,296.00 to buy a car. He will make monthly payments for 6 years. The car loan has an interest rate of 5.87%. What will the payments bo? Submit 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
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
