May
7
Another Consumer Math Question?
Filed Under Homework Help | 1 Comment
P.RicanMami asked:
Josh Paltrow and his wife Susan are buying their first home for $125,000. They’ve been granted a mortgage loan at an annual interest rate of 8.5 percent for 20 years with a $25,000 down payment. Closing costs are 2 percent of the amount of the mortgage loan and will be financed as part of the mortgage. What is the actual amount financed with the mortgage?
A) $102,000
B) $120,000
C) $100,000
D) $125,000
Donald
Josh Paltrow and his wife Susan are buying their first home for $125,000. They’ve been granted a mortgage loan at an annual interest rate of 8.5 percent for 20 years with a $25,000 down payment. Closing costs are 2 percent of the amount of the mortgage loan and will be financed as part of the mortgage. What is the actual amount financed with the mortgage?
A) $102,000
B) $120,000
C) $100,000
D) $125,000
Donald
Oct
1
Consumer Math please help these are the last three questions i dont get?
Filed Under Homework Help | 1 Comment
Sincere asked:
5. Ray Cupple bought a basic car costing $10,150.00, with options costing $738.00. There is a 6% sales tax in his state and a combined $50.00 license and registration fee. What was Ray’s total cost?
A. $10,938.00
B. $11,541.28
C. $11,547.00
D. $11,591.28
5. Ray Cupple bought a basic car costing $10,150.00, with options costing $738.00. There is a 6% sales tax in his state and a combined $50.00 license and registration fee. What was Ray’s total cost?
A. $10,938.00
B. $11,541.28
C. $11,547.00
D. $11,591.28
6. The Hamilton Brush Company issued 2,500 shares of common stock worth $100,000.00 total. What is the par value of each share?
A. $25.00
B. $40.00
C. $400.00
D. $250.00
11. The Emerson First National Bank is lending you money to buy a new car. The loan agreement will probably state that you must carry _______ insurance.
A. liability
B. collision
C. no-fault
D. medical
VINCE