Mathematics, 05.08.2021 20:20 raveransaw
A young couple buying their first home borrow $85,000 for 30 years at 7.2%, compounded monthly, and make payments of $576.97. After 3 years, they are able to make a one-time payment of $2000 along with their 36th payment.
(a) Find the unpaid balance immediately after they pay
the extra $2000 and their 36th payment.
(b) How many regular payments of $576.97 will amor-
tize the unpaid balance from part (a)?
(c) How much will the couple save over the life of the
loan by paying the extra $2000?
Answers: 1
Other questions on the subject: Mathematics
Mathematics, 21.06.2019 18:50, firenation18
The table represents a function. what is f(-2)? a.-3 b. -1 c.1 d.3
Answers: 1
Mathematics, 21.06.2019 21:40, pakabigail4796
The point a is at –2 and the point b is at 7. marissa would like to divide this line segment in a 4: 3 ratio, and she would like to use the formula x = (x2 – x1) + x1. what values should she substitute into the formula? a = a + b = x1 = x2 =
Answers: 2
You know the right answer?
A young couple buying their first home borrow $85,000 for 30 years at 7.2%, compounded monthly, and...
Questions in other subjects:
Health, 09.12.2020 18:50
English, 09.12.2020 18:50
Mathematics, 09.12.2020 18:50
