Question Suppose you take out a 20-year mortgage for a house that costs $280765. Assume the following:The annual interest rate on the mortgage is 4%.The bank requires a minimum down payment of 16% at the time of the loan.The annual property tax is 1.6% of the cost of the house.The annual homeowner’s insurance is 0.8% of the […]
Question Maria takes out a 30-year mortgage for $192045 at an annual interest rate of 3.3%. How much does she still owe when there is 1 year left on the loan? Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”
Question Abe and Beth own a room-painting service in Canada. If Beth works alone, she can paint 2 rooms in 5 hours. If Abe works alone, he can paint 6 rooms in 8 hours. When they work together, they charge $CAD223 per room. If they work together, how many hours will they need to work in order to […]
Question Suzanne borrowed a certain amount of money at an annual simple interest rate of 5.8%. If she returned $5341 after 239 weeks, how much interest did she pay? Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”
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