everly Frost bought a home for $190,000 with a down payment of $19,000 at 7% for 25 years. Since then the rate has risen to 9%. How much more would her monthly payment be if she bought the house at 9%? Multiple Choice
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Beverly Frost bought a home for $190,000 with a down payment of $19,000 at 7% for 25 years. Since then the rate has risen to 9%. How much more would her monthly payment be if she bought the house at 9%?
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$208.97
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$436.40
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$143.00
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$226.44
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- Lizzy Clar bought a home for $160,000, putting down $30,000. The rate of interest is 7% for 25 years. What is the total of her monthly payments for one year? Multiple Choice $11,025.72 $11,029.20 $919.10Trisha Long wants to buy a boat in five years. She estimates the boat will cost $15,000 at that time. What must Trisha deposit today in an account earning 5% annually to have enough to buy the boat in five years? 30 Multiple Choice $11,752.50 $12,328.50 $1,527.50 None of these $1,077.50Darlene Ramirez bought a home for $140,000. She put 20% down and financed the rest with a 20 year 3.5% mortgage. The total of her monthly payments for a year are: Multiple Choice $649.55 $7,794.60 $9,743.28 $9,329.61
- Todd can afford to pay $360 per month for the next 7 years in order to purchase a new car. The interest rate is 6.2percent compounded monthly. What is the most he can afford to pay for a new car today?Multiple ChoiceA. $24,482.10B. $24,248.59 C. $25,298.17D. $23,257.99E. $37,743.93Ken just purchased new furniture for his house at a cost of $15,800. The loan calls for weekly payments for the next 5 years at an annual interest rate of 10 63 percent. How much are his weekly payments? Multiple Choice O $78.40 O $81.45 $60.77 $82.32 $81.02Fatimah pays monthly rent of $520 for her townhouse. If she bought the property, the mortgage loan, property tax, and utilities would cost her $920 per month. Using the current mortgage loan rate of 6.6% compounded semi-annually, calculate how much money Fatima could accumulate over 10 years if she continues to rent and invests the $400 per month difference. $77,085 $47,845 $67,768 $56,299
- Martha receives $100 on the first of each month. Stewart receives $100 on the last day of each month. Both Martha and Stewart will receive payments for five years. At an 8% discount rate, what is the difference in the present value of these two sets of payments? A. $32.88 B. $40.00 C. $99.01 D. $108.00 E. $112.50Can you show me how this is done? Ava Darling plans to buy a house in 10 years and needs $17,446 for a down payment. If the annual interest rate is 6%, how much does Ava Darling need to invest today to have $17,446 in ten years? Selected Answer: 15,469 Correct Answer: 9,742 ± 5Sherry Smart is buying a $350,000 home and will pay the mortgage monthly for 30 years. She has a good credit score and has qualified for a 5.125% loan interest. How much will she be paying monthly for the home? a. $2,013.67 b. $1,572.72 c. $975.88 d. $1,318.69
- Chin Woo bought a home for $160,000. He put down 20%. The mortgage is at 8 1/2% for 25 years. What is the total of his monthly payments for one year? Multiple Choice $1,030.69 $12,368.28 $15,460.32 $1,288.36Accounting "Gabriella bought a house for $997,000 and paid $179,000 as a down payment. If the interest rate is 10.2% for 15 years, what is the total cost of the house?Wally Bee purchased a new home for $500,000 with a $80,000 down payment. He financed the remainder with a 3% mortgage for 30 years. If Wally had originally planned on using a 15 year mortgage (also at 3%), how much would Wally save in interest expense compared to the 30 year mortgage? O $134,658 $129,353 O $115,365 $125,464