Mathematics, 28.08.2020 15:01 heroxtree

Clark and Lana take a 30-year home mortgage of $128,000 at 7.8%, compounded monthly. They make their regular monthly payments for 5 years, then decide to pay $1300 per month. A) Find their regular monthly payment.
B) Find the unpaid balance when they begin paying the $1400.
C) How many payments of $1400 will it take to pay off the loan?
D) How much interest will they save by paying the loan using the number of payments from part (c)?

Answers: 3

Show answers

Other questions on the subject: Mathematics

Mathematics, 21.06.2019 13:30, janelly66

Adding and subtracting matricesfind the value of each variable. x = and y = would

Answers: 3

continue

Mathematics, 21.06.2019 19:00, chloebaby8

Find the equation of a line whose slope is 2/5 and y- intercept is 2.write your answer in the form 1) ax+by+c=02) x/a+y/b=1

Answers: 1

continue

Mathematics, 21.06.2019 23:00, Tyrant4life

If t8 = 4 and t12 = −2, find the first three terms of the arithmetic sequence.

Answers: 1

continue

Mathematics, 21.06.2019 23:30, blueval3tine

Sally deposited money into a savings account paying 4% simple interest per year. the first year, she earn $75 in interest. how much interest will she earn during the following year?

Answers: 1

continue

You know the right answer?

Clark and Lana take a 30-year home mortgage of $128,000 at 7.8%, compounded monthly. They make their...

Questions in other subjects:

Computers and Technology, 06.07.2019 06:10

Write a function swap that swaps the first and last elements of a list argument. sample output with input: 'all, good, things, must, end, here' ['here', 'good', 'things', 'must',...

Business, 06.07.2019 06:10

Marciano manufacturing uses a standard cost system. standards for direct materials are as follows: direct materials (pounds per unit of output) 2 cost per pound of direct material...

Business, 06.07.2019 06:10

Fiwrt corporation manufactures and sells stainless steel coffee mugs. expected mug sales fiwrt (in units) for the next three months are as follows: october november december budge...

Computers and Technology, 06.07.2019 06:10

Function getlongeststring(strings) { } /* do not modify code below this line */ const strings = ['long', 'longer', 'longest']; console. log(getlongeststring(strings), '< -- sho...

Mathematics, 06.07.2019 06:10

Calculate the circulation, f · dr, c in two ways, directly and using stokes' theorem. f = y i + z j + xk and c is the boundary of s, the paraboloid z = 4 − (x2 + y2), z ≥ 0 oriente...

Physics, 06.07.2019 06:10

When water is boiled under a pressure of 2.00atm, the heat of vaporization is 2.20×106j/kg and the boiling point is 120∘c. at this pressure, 1.00kg of water has a volume of 1.00×10...

Engineering, 06.07.2019 06:10

Which of the following colors are available using an inorganic led? (mark all that apply) a)- orange b)- green c)- pink d)- yellow...

Engineering, 06.07.2019 06:10

Thermosetting polymers are polymers that becomes soft and pliable when heated. ( true , false )...

Engineering, 06.07.2019 06:10

Which of the following are not basic engineering materials categories? (mark all that apply) a)- metals b)- alkaloids c)- ceramics and glasses d)- polymers e)- composites f)- semi...

Engineering, 06.07.2019 06:10

The resistivity of mercury drops suddenly to zero at a critical temperature, maki mercury a superconductor below that temperature. ( true , false )...

More questions: Mathematics Another questions