Answer:
Wow - you are asking a LOT of questions. The Monthly Payment Formula is really tricky so I'll solve that for you.
The time of the loan = 20 years * 12 = 240 months
We have to convert the annual rate to a monthly rate and that is done by:
monthly rate = 5.125 / 1,200 = 0.00427083333333333
Monthly pmt = 0.00427083333333333 + [0.00427083333333333 / (1.00427083333333333^240) -1 ] * 420,000
Monthly pmt = 0.00427083333333333 + [0.00427083333333333 / 2.7810190076 -1] * 420,000
Monthly pmt = (0.00427083333333333 +0.0023979718) * 420,000
Monthly pmt = 2,800.90
A calculator to double check is here: https://www.1728.org/calcloan.htm
Step-by-step explanation:
Step-by-step explanation:

The answer would be = <span>10.3333333
</span>
Answer:The answer is 5, 414.52
Step-by-step explanation:
Since number of years isn't imputed, it will be assumed it's for 1 year
Hence using Compound interest formula
A = P( 1 + r/n)^not
Inputting values
A = 5000( 1 + 0.08/9) ^ 9*1
A = 5, 414.52
Hope this helps