Mathematics, 21.03.2021 20:20 justyne2004

An amount of $35000 is borrowed for 20 years at 10.5% per annum compounded monthly. A) What are the payments for the loan?
B) how much interest is paid on the loan over the 20-year period?
C) how much is still owing after 4 years?
After 4 years, interest rate rises to 13.75% per annum.
D) what are the new payments that will see the amount paid in 20 years?
E)how much extra must now be repaid on the loan after the term of 20 years

Answers: 1

Show answers

Other questions on the subject: Mathematics

Mathematics, 21.06.2019 16:30, mohd591

Both the red and blue line segments stretch from the center of the circle to a point on the circle. the length of the blue segment is 5. how long is the red line segment?

Answers: 1

continue

Mathematics, 21.06.2019 20:30, yatish

Which steps could be part of the process in algebraically solving the system of equations, y+5x=x^2+10 and y=4x-10

Answers: 2

continue

Mathematics, 21.06.2019 23:30, jadynsantiago

Ana earns 2.5% simple interest on $2,000 in her savings account. she does not make any deposits or withdrawals. after 3 years, how much interest will ana have earned on her savings account?

Answers: 1

continue

Mathematics, 22.06.2019 00:20, smooth5471

Three students, javier, sam, and corrine, participated in a fundraiser where people donated a certain amount of money per lap that the student ran. each student also had some initial donations that were collected before the run. the equations that represent each student's total donation, y, based on the number of laps ran, x, is shown below. match each equation with the correct rate of change for that student.

Answers: 1

continue

You know the right answer?

An amount of $35000 is borrowed for 20 years at 10.5% per annum compounded monthly. A) What are the...