The unpaid balance in an account on December 1 was $122. A payment of $50 was made on December 14. The finance charge rate was 1.4% per month of the average daily balance. Find the finance charge for the month of December.

Find the total monthly payment, including taxes and insurance, on the following fixed-rate mortgage.Amount of loan: $379,000Interest rate: 12%Term of loan: 30 yearsAnnual taxes: $4222Annual insurance: $1053

Provide an appropriate response.True or False? A mortgage lender will typically require a down payment of 30% to 40% of the purchase price.

In order to purchase a home, a family borrows $130,000 to be amortized at 9% interest. How much more interest will be paid in total if the term of the loan is 25 years than if it is 10 years?

Determine whether the statement is true or false.One disadvantage of leasing is that when the lease ends, you are responsible for selling the car.

Solve the problem.The cost of a home is financed with a $290,000, 30-year fixed-rate mortgage at 7%. The buyer will make 360 payments of $1928.50. Prepare a loan amortization schedule for the first three months of the mortgage. Round to the nearest cent.

Determine whether the statement is true or false.Credit reports include personal information about you including your race, gender, and religious affiliation.

On the December 8 billing date, Hakeem had a balance due of $568.28 on his credit card. The transactions during the following month were: December 10 Charge:  football tickets $167.96 December 12 Payment $87.83 January 3 Charge: restaurant meal $60.84 The interest rate on the card is 1% per month. Using the average daily balance method, find the balance due on January 8 (December has 31 days).

By completing the first two months of the amortization schedule for the following fixed rate mortgage, determine the payment on the principal in the second month. Mortgage: $149,700Interest rate: 9.5%Term of loan: 25 years Amortization Schedule Payment Number Total Payment Interest Payment Principal Payment Balance of Principal 1 ____________ ____________ ____________ ____________ 2 ____________ ____________ [principalpymt] ____________

Suppose that you need a loan of $160,000. Find the total cost of all the monthly payments for each of the loan options listed below. Assume that the loans are fixed rate. Round the total cost of each loan to the nearest dollar. Option 1: a 30-year loan at an APR of 8% [option1] Option 2: a 15-year loan at an APR of 7% [option2]