You can afford a $950 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 that money is interest? $
You can afford a $850 per month mortgage payment. You've found a
30 year loan at 7% 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 that money is interest?
$
You can afford a $1250 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 that money is interest?
you can afford a 1200 per month mortgage payment
you found a 30 year loan at 6% interest
a) how big of a loan can you afford?
b) how much total money will be paid to the loan
company?
c) how much of that money is interest?
you
can afford a 1400$ per month mortage payment. youve found a 30 year
loan at a 6% interest.
you
can afford a 1400 per month mortage payment. you 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 that money is interest?
you
can afford a 1350$ per month mortage payment. youve found a 30 year
loan at 7% 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 that money is interest?
InstructionsComplete the following problems using either a financial
calculator or a spreadsheet program. Do not use interim rounding,
state your answers as positive values, to two decimal places for
dollar or period values and four places for percentages stated as
decimals; do not label answers with symbols such as $ or %. For
example, 10.5% should be input as .1050.1. Jacinda Herschel wants to buy a car and determines she can
afford to pay $367.47 a month for a 3...
You want to purchase a new car, but can only afford a payment of
$1,800 per month. If the dealer tells you that they have financing
available at an APR of 5% for a 48-month loan, how much can you
afford to borrow for your new car (given the $1,800 payment)?
saved $3000 for a down payment on a car. the largest
monthly payment you can afford is $400. The loan will be at 8%APR
based on end of month payments.
a) What is the most expensive car you can afford if
you finance for 48 months?
b) What is the most expensive car financing 60
months?
Jacob can only afford a payment of $500 per month for the new
boat he plans to purchase for himself. He qualifies for a 5-year
loan with 1.75% APR. What is the maximum purchase price he can
afford?