Question: Show work and equations please 32. Compute how long it would take you to pay back a credit card loan balance of $5000 if the

Show work and equations please

32. Compute how long it would take you to pay back a credit card loan balance of $5000 if the APR is 14.9% and you make payments of $100+7 per month.

33. Compute the value of a 15-year mortgage that has even monthly payments of $1395+7 dollars per month if the APR is 2.14%.

34. Assume that you want to buy a house that costs $250,000+7 dollars. If you make a 20% downpayment, the APR is 2.77% on a 30-year mortgage. If you make a 10%

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!