subject
Mathematics, 12.07.2019 18:20 foxesrcool11

the payment necessary to amortize a 5.6 % loan of $95,000 compounded annually commaannually, with 44 annual payments is 27,165.51.the total of the payments is 108,662.04with a total interest payment of 13,662.04.the borrower made larger payments of 28,000.00.calculate (a) the time needed to pay off the loan, (b) the total amount of the payments, and (c) the amount of interest saved.
a. the time needed to pay off the loan with payments of $28,000 is years.
b. the total amount of the payments is $
c. the amount of interest saved is $

ansver
Answers: 1

Another question on Mathematics

question
Mathematics, 21.06.2019 13:30
If 1/2+2/5s=s-3/4,what is the value of s? a. s=3/4 b. s=25/12 c. s=-25/12 d. s=-3/4
Answers: 1
question
Mathematics, 21.06.2019 14:30
Restrictions on f(x) = 1/x+5 and g(x) = x-2
Answers: 1
question
Mathematics, 21.06.2019 19:10
At a kentucky friend chicken, a survey showed 2/3 of all people preferred skinless chicken over the regular chicken. if 2,400 people responded to the survey, how many people preferred regular chicken?
Answers: 1
question
Mathematics, 21.06.2019 23:00
Why is it so easy to buy on impulse and overspend with a credit card? what could you do to counteract this tendency?
Answers: 1
You know the right answer?
the payment necessary to amortize a 5.6 % loan of $95,000 compounded annually commaannually, with 44...
Questions
question
Arts, 23.06.2021 03:20
question
Mathematics, 23.06.2021 03:20
Questions on the website: 13722359