Question 9 1 pts Maybepay Life Insurance Co. is selling a perpetual contract that pays $6,861/year. The contract current
Posted: Fri Mar 04, 2022 9:37 am
- Question 9 1 Pts Maybepay Life Insurance Co Is Selling A Perpetual Contract That Pays 6 861 Year The Contract Current 1 (34.52 KiB) Viewed 35 times
- Question 9 1 Pts Maybepay Life Insurance Co Is Selling A Perpetual Contract That Pays 6 861 Year The Contract Current 2 (44.79 KiB) Viewed 35 times
- Question 9 1 Pts Maybepay Life Insurance Co Is Selling A Perpetual Contract That Pays 6 861 Year The Contract Current 3 (39.21 KiB) Viewed 35 times
Question 10 2 pts You expect to graduate with $41,207 in student loans. The interest rate on your loan is 5 percent compounded monthly and the loan calls for fixed monthly payments. If you repay the loan in 23 years how much are you paying in total interest over the life of the loan? (HINT: you need to calculate the monthly payment first).
Question 11 1 pts You are excited to buy your first house. Based on your credit history, the bank is willing to lend you money at 6 percent interest compounded monthly. You can afford monthly payments of $822. How much can you afford to borrow? Assume the mortgage is for 16 years.