Mathematics, 13.07.2020 23:01 nadarius2017
Joe takes out a 30-year fixed rate amortized loan for 220,000, and makes equal size payments at the end of each month. The rate is quoted as being an annual nominal interest rate of 5.25% compounded monthly and Joe also has to pay closing fees equal to 5% of the value of the loan. Based on this information, find the actual interest rate realized by Joe (i. E. Taking into account the loan given to Joe and the 5% that he pays for the closing fees). Give the value as an annual nominal rate compounded monthly, and round your percent answer to two decimal places.
Answers: 3
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The sum of the reciprocal of a positive number and the reciprocal of 2 more than the number is 3/4 equation: the number is
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Diane’s bank is offering 5% interest, compounded monthly. if diane invests $10,500 and wants $20,000 when she withdrawals, how long should she keep her money in for? round to the nearest tenth of a year.
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Gravel is being dumped from a conveyor belt at a rate of 25 ft3/min, and its coarseness is such that it forms a pile in the shape of a cone whose base diameter and height are always equal. how fast is the height of the pile increasing when the pile is 14 ft high? (round your answer to two decimal places.) ft/min
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Joe takes out a 30-year fixed rate amortized loan for 220,000, and makes equal size payments at the...
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