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skelet666 [1.2K]
3 years ago
5

Help PLEASE!! how do you calculate your monthly mortgage payment when you buy a property?​

Mathematics
1 answer:
Gala2k [10]3 years ago
7 0

Step-by-step explanation:

Are you tryna buy a house..

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Answer:

67.17

Step-by-step explanation:

First, identify the hundreds digit (the 7)

Next, identify the next smallest place value (the 1)

Then, determine if 7 greater than or equal to 1. Yes, it is greater than 1, so round up. Increase the hundreds digit by one, so 7 becomes 8.

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Ingrid Nilsen purchased a $4,000 hydroponic system for her garden. The down payment is 20%, and the
Cerrena [4.2K]

The purchase of the hydroponic system by Ingrid Nilsen for $4,000 with a 20% down payment at 10% APR for 36 months, and the related calculations, are as follows:

a) down payment = $800.00 ($4,000 x 20%)

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c) monthly payment = $103.25

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e) finance charge = $517

<h3>How is periodic payment computed?</h3>

The amount of the periodic payment, finance charge, and total repayment can be computed using an online finance calculator as follows:

<h3>Data and Calculations:</h3>

Auto Price = $4,000

Loan Term = 36 months

Interest Rate = 10%

Down Payment = $800 ($4,000 x 20%)

Monthly Payment  = $103.25

Total Loan Amount $3,200.00

Upfront Payment = $800.00 ($4,000 x 20%)

Total of 36 Loan Payments = $3,717. ($103.25 x 36)

Total Loan Interest = $517

Total Cost (price, interest, tax, fees) = $4,517

Thus, Ingrid Nilsen repaid a total of $4,517 with $517 in interest (finance charge).

Learn more about periodic payments at brainly.com/question/13098072

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