Question 8.3 Homework Unanswered are a first-time homeowner and know you will only prequalify for an FHA loan. Your monthly gross income is $2,000. Wha minimum amount of recurring debt you are currently able to handle? (round to the nearest dollar) (DO NOT INCLUDE CO your numeric answer and submit
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- You are considering taking out a 15-year loan versus a 30-year loan for a home. Explain what the pros and cons of both loan types are. Be sure to add appropriate detail to receive full credit. BIUS IE 블 Insert Formula X₂ X² 三星EFind the annual homeowners insurance premium on a masonry home located in zone 1 if the home is insured for $237,000. The owner chooses a $1,500 deductible and has good credit. E Click the icon to see a hypothetical table of Estimated Annual Homeowners Insurance Premium Rates per $100 of Face Value. The annual homeowners insurance premium is $ (Simplify your answer. Type an integer or a decimal.)File Edit View History Bookmarks Window Help 2 DZL Understanding Loans and Simple Interest - 21516 MAT142 Topics In Coll... W DERIVITA Tiana Klughart a) What is the principal of her mortgage? Principal $ Donna wants to buy a house for $900,000.00. She makes a 15% down payment and borrows the rest by getting a 30-year mortgage. Her monthly mortgage payment is $3,803.75. b) What is the total she will pay on the loan? Total $ c) How much interest will she pay over the life of her loan? Total interest $ CHECK ANSWER C #3 E C a d2l.pima.edu D2L 5.2 Understanding Loans and Simple Interest - 21516 MAT142 Topics... $ 4 R 45 % T () > 6 3 MacBook Pro Y & 7 U 8 Question 4 of 15 A DZL Chapter 5.2 - 21516 MAT142 1 9 www BACK Help Question 1 10 Question 2 Question 3 Question 4 Question 5 Question 6 Question 7 Question 8 Question 9 Question 11 Question 12 Question 13 Question 14 Question 15 Question 10 1 Summary 0 NE 0 10 10 1 1 1
- Suppose you want to have $600,000 for retirement in 25 years. Your account earns 4% interest. How muc would you need to deposit in the account each month? Submit Question /course/showcalendar.php?cid=179278 SearchNo Plagirism Please! Note: Enter your answer and show all the steps that you use to solve this problem in the space provided You have a credit card with a balance of $1,367 90 at a 95% APR. You pay $400.00 each month on the due date until the card is paid off. How many months does it take to pay off the card, and what is the total amount paid including interest? Be sure to include in your response the answer to the original question the mathematical steps for solving the problem demonstrating mathematical reasoningmeet the credit needs of the communities t 9. The inclusion of which of the following phrases closure under the Truth in Lending Act (Regula in a print advertisement would require full dis. and D. the major VA-guaranteed loans. tion Z)? A. “Low monthly payments" B. "FHA and VÀ loans available" O'Easy financing terms" D. "Pay off your loan in less than 15 years" 10. Under the provisions of the Truth in Lending Act (Regulation Z), the annual percentage rate (APR) includes all of the following components EXCEPT A. the discount points. B. the broker's commission. C. the loan origination fee. D. the loan interest rate. 1. Which of the following acts requires banks to the
- dit View @ Window History Bookmarks standing Loans and Simple Interest - 21516 MAT142 Topics In Coll... W DERIVITA Tiana Klughart Principal a) What is the principal of her mortgage? Nellie wants to buy a $1,110,000.00 house. She makes a $140,000.00 down payment and takes out a 25-year mortgage to pay for the rest. Her monthly mortgage payment is $4,350.00. π ab va sin b) How much interest will she pay over the life of her loan? Total interest- $ aº C CHECK ANSWER 3 8 c) How much will she pay in total for her house? Total paid $ J E 80 Help b $ d21.pima.edu D2L 5.2 Understanding Loans and Simple Interest - 21516 MAT142 Topics... 4 R % 5 T 3D 6 3 MacBook Pro Y & 7 U 8 Question 3 of 15 DZL Chapter 5.2 - 21516 Preview ( 9 www BALKAN BACK Question 1 H Question 2 Question 3 Question 4 Question 5 Question 6 Question 7 Question 8 Question 9 Question 1 Question 1 Question 1 Question 1 Question 1 Question 1 Summary 0 0Assume that all interest is simple interest. Fred started a new e-Commerce business and borrowed $14,800 for 10 years to get the business up and running. The interest is $4440. Find the rate. Round to two decimal places, if necessary. The interest rate for Fred's loan is Check 68°F Clear #3 $ A IOI WER %. 5 T 6 X ● Search & 7 S U * 8 9 f10 Save For Later © 2023 McGraw Hill LLC. All Rights Reserved. Terms of Use | Privacy Center | Accessibility a 8:53 PM 6/12/2023 ► 11 O fm P W (12 ins Submit Assignment prt sc delete backspace 3.: 0Suppose you want to have $700,000 for retirement in 20 years. Your account earns 7% interest. a) How much would you need to deposit in the account each month? b) How much interest will you earn? S Question Help: Video Submit Question Q Search hp H
- Let's assume you finance your house through Wells-Fargo Bank. Below, please find the Truth-in-Lending Disclosure (TILD). Calculate how much you pay to Wells-Fargo monthly (i.e. Total Monthly Payment). Amount Financed $332,153 Annual Percentage Rate 5.0% Term 30 Years Taxes and Insurance per month (Escrow account set up by Wells-Fargo.) $442 Group of answer choices $2,398.72 $2,383.83 $2,225.07 $1,783.07X + A https://player-ui.mheducation.com/#/epub/sn_7cac#epubcfi(%2F6%2F326%5Bdata-uuid-ab153a0624d544c282287e02 5. Calculating Monthly Mortgage Payments. Based on U Exhibit 9-9, or using a financial calculator, what would be the monthly mortgage payments for each of the following situations? a. $120,000, 15-year loan at 4.5 percent. b. $86,000, 30-year loan at 5 percent. c. $105,000, 20-year loan at 6 percent. d. What relationship exists between the length of the loan and the monthly payment? How does the mortgage rate affect the monthly payment?Clear my chOice Corry has an income of $80,000 that he is willing to spend over a year. If his bank account's interest rate is 3.05% and the cost associated for him to visit the bank is $5.00. What is Corry's average money holding? O a. $488.00 O b. $2,560.74 O c. $5,000.00 O d. $16.00 Previous page O Type here to search