State what is their monthly payment

Reference no: EM13204372

A couple has decided to purchase a $100000 house using a down payment of $17000. They can amortize the balance at 8% over 15 years.

a) What is their monthly payment?

b) What is the total interest paid?

Reference no: EM13204372

Questions Cloud

Find the probability of the event : how many ways are there to assign the courses in the spring semester such that no professor teacher the same pair of courses in the spring as in the fall? if all the assignments are equally likely

State what rate is the area of the burning region increasing : Suppose that a forest fire Spreads in a circle with a radius changing rate at rate of 5 feet per min. When the radius reaches 200 ft, at what rate is the area of the burning region increasing?

Explain accumulate on the ground in a forest at a rate : Dead leaves accumulate on the ground in a forest at a rate of 39 grams per square centimeter per year. At the same time, these leaves decompose at a continuous rate of 36 percent per year.

Explain how fast does each bicyclist travel : write your answer in words, labeling units as necessary. Hank bicycles 5 km/hour slower than Kelly. In the time that it takes Hank to bicycle 42 km, Kelly can bicycle 57 km. How fast does each bicyclist travel?

State what is their monthly payment : A couple has decided to purchase a $100000 house using a down payment of $17000. They can amortize the balance at 8% over 15 years.

State the cost of the fencing parallel to the stream : the cost of the fencing parallel to the stream is $15 per foot installed , and installed . Find the dimensions of the maximum enclosed area

How should ticket prices be set so as to maximize revenue : the average attendance rose to 33,000. Find the demand function, assuming that it is linear. How should ticket prices be set so as to maximize revenue?

Explain how the graph is misleading : Describe how the graph is misleading. Explain how you would redraw the graph so that it depicts the information correctly.

Explain which have the same minimal polynomial : Give an example of two 4x4 nilpotent matrices which have the same minimal polynomial (they necessarily have the same characteristic polynomial) but which are not similar.

User Account

All Pages