You plan to buy a exist220,000 house with a 20 year mortgage with a 4.8% nominal

Question

You plan to buy a exist220,000 house with a 20 year mortgage with a 4.8% nominal annual rate (=A.P.R.) Payments are monthly, interest is monthly compounded, and you did not make a down payment. Assume you make all payments on time, at the end of the month. Answer the following questions. a) How much is each monthly payment? [2 decimal places] b) How much interest will you pay with (=in) your 75th payment? [2 decimal places] c) Now assume you have made payments such that you only owe exist150,000 on the mortgage. You decide to increase your payments by exist100 per month. How many payments will it take to pay off your mortgage? Show your inputs for possible partial credit.

Explanation / Answer

Active processos require energy - Exocytosis , secondary active transport, primary active transport, endocytosis

Passive processes donot require energy - osmosis, simple diffusion, facilitated diffusion

Related Questions

Navigate

• Browse (All)
• Browse Y
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.