Download presentation

Presentation is loading. Please wait.

Published byLeah Addis Modified over 2 years ago

1
example 5 Home Mortgage Chapter 5.6 A couple that wants to purchase a home with a price of $230,000 has $50,000 for a down payment. If they can get a 25-year mortgage at 9% per year on the unpaid balance, a.What will be their equal monthly payments? b.What is the total amount they will pay before they own the house outright? c.How much interest will they pay? 2009 PBLPathways

2
A couple that wants to purchase a home with a price of $230,000 has $50,000 for a down payment. If they can get a 25-year mortgage at 9% per year on the unpaid balance, a.What will be their equal monthly payments? b.What is the total amount they will pay before they own the house outright? c.How much interest will they pay?

3
2009 PBLPathways A couple that wants to purchase a home with a price of $230,000 has $50,000 for a down payment. If they can get a 25-year mortgage at 9% per year on the unpaid balance, a.What will be their equal monthly payments?

4
2009 PBLPathways A couple that wants to purchase a home with a price of $230,000 has $50,000 for a down payment. If they can get a 25-year mortgage at 9% per year on the unpaid balance, a.What will be their equal monthly payments? Amortization Formula If a debt of $A, with interest at a rate of i per period, is amortized by n equal periodic payments made at the end of each period, then the size of each payment is

5
2009 PBLPathways A couple that wants to purchase a home with a price of $230,000 has $50,000 for a down payment. If they can get a 25-year mortgage at 9% per year on the unpaid balance, a.What will be their equal monthly payments? Amortization Formula If a debt of $A, with interest at a rate of i per period, is amortized by n equal periodic payments made at the end of each period, then the size of each payment is

6
2009 PBLPathways A couple that wants to purchase a home with a price of $230,000 has $50,000 for a down payment. If they can get a 25-year mortgage at 9% per year on the unpaid balance, a.What will be their equal monthly payments? Amortization Formula If a debt of $A, with interest at a rate of i per period, is amortized by n equal periodic payments made at the end of each period, then the size of each payment is

7
2009 PBLPathways A couple that wants to purchase a home with a price of $230,000 has $50,000 for a down payment. If they can get a 25-year mortgage at 9% per year on the unpaid balance, a.What will be their equal monthly payments? Amortization Formula If a debt of $A, with interest at a rate of i per period, is amortized by n equal periodic payments made at the end of each period, then the size of each payment is

8
2009 PBLPathways A couple that wants to purchase a home with a price of $230,000 has $50,000 for a down payment. If they can get a 25-year mortgage at 9% per year on the unpaid balance, a.What will be their equal monthly payments? Amortization Formula If a debt of $A, with interest at a rate of i per period, is amortized by n equal periodic payments made at the end of each period, then the size of each payment is

9
2009 PBLPathways A couple that wants to purchase a home with a price of $230,000 has $50,000 for a down payment. If they can get a 25-year mortgage at 9% per year on the unpaid balance, a.What will be their equal monthly payments? Amortization Formula If a debt of $A, with interest at a rate of i per period, is amortized by n equal periodic payments made at the end of each period, then the size of each payment is

10
2009 PBLPathways A couple that wants to purchase a home with a price of $230,000 has $50,000 for a down payment. If they can get a 25-year mortgage at 9% per year on the unpaid balance, a.What will be their equal monthly payments? Amortization Formula If a debt of $A, with interest at a rate of i per period, is amortized by n equal periodic payments made at the end of each period, then the size of each payment is

11
2009 PBLPathways A couple that wants to purchase a home with a price of $230,000 has $50,000 for a down payment. If they can get a 25-year mortgage at 9% per year on the unpaid balance, b.What is the total amount they will pay before they own the house outright? c.How much interest will they pay?

12
2009 PBLPathways A couple that wants to purchase a home with a price of $230,000 has $50,000 for a down payment. If they can get a 25-year mortgage at 9% per year on the unpaid balance, b.What is the total amount they will pay before they own the house outright? c.How much interest will they pay?

13
2009 PBLPathways A couple that wants to purchase a home with a price of $230,000 has $50,000 for a down payment. If they can get a 25-year mortgage at 9% per year on the unpaid balance, b.What is the total amount they will pay before they own the house outright? c.How much interest will they pay?

14
2009 PBLPathways A couple that wants to purchase a home with a price of $230,000 has $50,000 for a down payment. If they can get a 25-year mortgage at 9% per year on the unpaid balance, b.What is the total amount they will pay before they own the house outright? c.How much interest will they pay?

15
2009 PBLPathways A couple that wants to purchase a home with a price of $230,000 has $50,000 for a down payment. If they can get a 25-year mortgage at 9% per year on the unpaid balance, b.What is the total amount they will pay before they own the house outright? c.How much interest will they pay?

16
2009 PBLPathways A couple that wants to purchase a home with a price of $230,000 has $50,000 for a down payment. If they can get a 25-year mortgage at 9% per year on the unpaid balance, b.What is the total amount they will pay before they own the house outright? c.How much interest will they pay?

17
2009 PBLPathways A couple that wants to purchase a home with a price of $230,000 has $50,000 for a down payment. If they can get a 25-year mortgage at 9% per year on the unpaid balance, b.What is the total amount they will pay before they own the house outright? c.How much interest will they pay?

18
2009 PBLPathways A couple that wants to purchase a home with a price of $230,000 has $50,000 for a down payment. If they can get a 25-year mortgage at 9% per year on the unpaid balance, b.What is the total amount they will pay before they own the house outright? c.How much interest will they pay?

Similar presentations

OK

Loans Paying back a borrowed amount (A n )in n regular equal payments(R), with interest rate i per time period is a form of present value annuity. Rewrite.

Loans Paying back a borrowed amount (A n )in n regular equal payments(R), with interest rate i per time period is a form of present value annuity. Rewrite.

© 2017 SlidePlayer.com Inc.

All rights reserved.

Ads by Google

Ppt on nuclear family and joint family photos Ppt on hero honda company Ppt on digestive system of human body download Ppt on indian politics bjp Ppt on projectile motion class 11 Download ppt on recession in india Ppt on solar power generation Ppt on opposites in hindi Ppt on conservation of environment biodiversity Ppt on limitation act in pakistan