I would appreciate the answers for both 18 & 19 D Question 18...

90.2K

Verified Solution

Question

Finance

image
I would appreciate the answers for both 18 & 19
D Question 18 1 pts Consider a 20-year mortgage for $321,100 at an annual interest rate of 4.9%. After 12 years, the mortgage is refinanced to an annual interest rate of 2.5%. What are the monthly payments after refinancing? Round your answer to the nearest dollar. Question 19 1 pts Compute the interest paid on a 3-year lease for a $28,608 car if the annual rate of depreciation is 16% and the lease's annual interest rate is 3.7%. Round your answer to the nearest dollar

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students