Pre-Calculus

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You can afford a \$800 per month mortgage payment. You've
You can afford a \$800 per month mortgage payment. You've found a 30 year loan at 6% interest.a) How big of a loan can you afford?\$b) How much total money will you pay the loan company?\$c) How much of … read more
Scott
Master's Degree
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You can afford a \$250 per month car payment. You've found a
You can afford a \$250 per month car payment. You've found a 4 year loan at 7% interest. How big of a loan can you afford?… read more
rajeevanpillai
Master's Degree
Master's Degree
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You want to be able to withdraw \$40,000 each year for 25
You want to be able to withdraw \$40,000 each year for 25 years. Your account earns 5% interest.a) How much do you need in your account at the beginning?\$b) How much total money will you pull out of th… read more
rajeevanpillai
Master's Degree
Master's Degree
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You want to buy a \$247,000 home. You plan to pay 20% as a
You want to buy a \$247,000 home. You plan to pay 20% as a down payment, and take out a 30 year loan for the rest.a) How much is the loan amount going to be?\$b) What will your monthly payments be if th… read more
Scott
Master's Degree
24,068 satisfied customers
Jenelle bought a home for \$350,000, paying 16% as a down
Jenelle bought a home for \$350,000, paying 16% as a down payment, and financing the rest at 5.2% interest for 30 years. Round your answers to the nearest cent. How much money did Jenelle pay as a down… read more
Scott
Master's Degree
24,068 satisfied customers
Jenelle bought a home for \$200,000, paying 16% as a down
Jenelle bought a home for \$200,000, paying 16% as a down payment, and financing the rest at 5.4% interest for 30 years. Round your answers to the nearest cent. How much money did Jenelle pay as a down… read more
Scott
Master's Degree
24,068 satisfied customers
1.You deposit \$1000 each year into an account earning 4%
1.You deposit \$1000 each year into an account earning 4% interest compounded annually. How much will you have in the account in 15 years? 2.Suppose you want to have \$300,000 for retirement in 20 years… read more
akch2002
Master's Degree
3,256 satisfied customers
Fifteen years ago Dan bought a home and financed \$150,000
Fifteen years ago Dan bought a home and financed \$150,000 with a 30-years mortgage at 8.2%. (a) find his monthly payment, the total amount of his payments, and the total amount of interest he will pay… read more
Ryan
Bachelor's Degree
4,665 satisfied customers
Fifteen years ago Dan bought a home and financed \$150,000
Fifteen years ago Dan bought a home and financed \$150,000 with a 30-years mortgage at 8.2%. (a) Suppose interest rates have dropped since dan took out his loan . One bank now offers a 30-year mortgage… read more
Ryan
Bachelor's Degree
4,665 satisfied customers
(For guru2009 only) Loan Project: Buying a House For
(For guru2009 only) Loan Project: Buying a House For this assignment, you will analyze, interpret, and evaluate a home mortgage loan using appropriate technological tools. Find a description, asking p… read more
Chirag
Master's Degree
10,329 satisfied customers
"For Guru2009 only 1. Using the formula for simple interest
"For Guru2009 only 1. Using the formula for simple interest and the given values, find I. P=\$200; r=6%; t=4 years; I=? I=\$__ 2. Using the formula for simple interest, I=Prt, to find the indicated quan… read more
Chirag
Master's Degree
10,329 satisfied customers
1. One estimate for the ideal body weight is shown below. Use
1. One estimate for the ideal body weight is shown below. Use this information to answer (a). 47 kg + 1.2 kg for each inch over 5 feet (a) Find a linear model for an estimate of the idea weight of a w… read more
Chirag
Master's Degree
10,329 satisfied customers
1.What is the future value of an ordinary annuity of \$18,000
1.What is the future value of an ordinary annuity of \$18,000 per year, for two yrs, at 11% interest compounded annually? 2.Sheila has a revolving department store credit card account with an annual pe… read more
Trigeoscal
College Math Professor
Master's Degree
960 satisfied customers
Suppose you bought a house 18 months ago. The originalpurchase
Suppose you bought a house 18 months ago. The original purchase price was \$165,000.00. In order to avoid a PMI(Primary Mortgage Insurance), you paid 5% down. You agreed to a 30 year mortgage with a 6.… read more
Ray Atkinson
Bachelor's Degree
1,687 satisfied customers
25) How much money would we need to pay off a \$2,000 loan at
25) How much money would we need to pay off a \$2,000 loan at 8% interest, 4 years from now? A. \$3,220 B. \$2,721 C. \$1,978 D. \$2,632 26) When interest is compounded, the total time period is subdivided… read more
akch2002
Master's Degree
3,256 satisfied customers
E-loan, an online lending sevice, recently offered 48 month
e-loan, an online lending sevice, recently offered 48 month auto loans at 3.6% compounded monthly to applicants with good credit ratings, if you have a good credit rating and can afford monthly paymne… read more
Osbert12
Master's Degree
2,468 satisfied customers
You make \$30,000.00 and your spouse makes \$35,000.00. Using
You make \$30,000.00 and your spouse makes \$35,000.00. Using the 20% to 25% range, calculate the least and greatest amount you spend on housing. Choose the best answer from the options below: A \$13,000… read more
Ryan
Bachelor's Degree
4,665 satisfied customers
Write the fraction as an equivalent percent: 19/6 Find fractional
Write the fraction as an equivalent percent: 19/6 Find fractional notation: 21.3% 33 1/3% of what number is XXXXX? 66 2/3% of what number is XXXXX? 8.45 is 130% of what? 267 million people. 40% are ov… read more
Ryan
Bachelor's Degree
4,665 satisfied customers
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