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Assume a bank offers an effective annual rate of 6.36%. If compounding is monthly what is...

Assume a bank offers an effective annual rate of 6.36%. If compounding is monthly what is the APR? Answer format: Percentage Round to: 4 decimal places (Example: 9.2434%, % sign required. Will accept decimal format rounded to 6 decimal places (ex: 0.092434))


Derek borrows $288,578.00 to buy a house. He has a 30-year mortgage with a rate of 4.58%. The monthly mortgage payment is $________.


Derek borrows $322,144.00 to buy a house. He has a 30-year mortgage with a rate of 4.84%. After making 92.00 payments, how much does he owe on the mortgage?


Derek borrows $36,877.00 to buy a car. He will make monthly payments for 6 years. The car loan has an interest rate of 5.53%. What will the payments be?



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SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE

AS NOTHING IS MENTIONED, EXCEL IS USED. IF YOU NEED WITH FINANCIAL FORMULA WILL DO IT.

jeff jeffy answered 1 year ago
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