Rounding in the calculation of monthly interest rates is discouraged. Such rounding can lead to answers different from those presented here. For long-term loans, the differences may be pronounced.

Several years ago Bill got a home mortgage of $116,000 with a term of 30 years at an APR of 9%. Use the Monthly Payments for Long-Term Loans Rule of Thumb to estimate his monthly payment.
$

Compare this estimate with what the monthly payment formula gives. (Round your answer to the nearest integer.)
The actual monthly payment is about $
greater than the estimated payment.

Question

07-10-2022
Mathematics

Answered

At Westonci.ca, we connect you with the best answers from a community of experienced and knowledgeable individuals. Join our Q&A platform to get precise answers from experts in diverse fields and enhance your understanding. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform.

Rounding in the calculation of monthly interest rates is discouraged. Such rounding can lead to answers different from those presented here. For long-term loans, the differences may be pronounced.

Several years ago Bill got a home mortgage of $116,000 with a term of 30 years at an APR of 9%. Use the Monthly Payments for Long-Term Loans Rule of Thumb to estimate his monthly payment.
$

Compare this estimate with what the monthly payment formula gives. (Round your answer to the nearest integer.)
The actual monthly payment is about $
greater than the estimated payment.

Sagot :

Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. We hope this was helpful. Please come back whenever you need more information or answers to your queries. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.

Which of the following is true of RNA compared to DNA? A. It lacks phosphate groups. B. It is a single-stranded molecule. C. Its nucleotides do not have sugars.

An athlete's speed on her bike is 14mph faster than her average speed running. She can bike 31.5 miles in the same time that it takes her to run 10.5 miles. Fin

Italian immigrants contributed which of the following foods to the American diet?.

which of these conditions made it beneficial for aquatic plants to move onto land? a. bright sunlight, abundant CO2, and lack of competitors b. filtered sunligh

what places are likely to support a large producer population? A: Regions where there is no rainfall. B: Areas with abundant water and sunlight. C:Regions with

A disease-causing bacteria successfully enters your body, making it past the first and second lines of defense. Which immune response will your body use to dest

What gives the author's writing about the Civil War authenticity? A. Bierce lived during the Civil War time period. B. Bierce actually fought as a soldier durin

Elizabethan theater flourished primarily because of the support of local authorities. True or False?

in April 1940 Germany launched a surprise invasion neutral

In an experiment, the explanation of the expected outcome, based on research, is the _______________. dependent variable control hypothesis independent variable

Sagot :

Other Questions