In this homework assignment you will be going over the below things in the homework assignment.
- Find the interest, balance due, and minimum monthly payment for credit card loans.
- Evaluate mortgage options.
- Compute the monthly payment and interest costs for a mortgage.
- Prepare a partial loan amortization schedule.
- Prepare payments and interest for other kinds of installment loans.
Last weeks assignments covered
- Solve applied problems involving percent.
- Calculate simple interest and maturity value.
- Use compound interest formulas.
- Calculate present value.
- Compute effective annual yield.
- Find the value of an annuity.
- Determine the amount financed, the installment price, and the finance charge for a fixed loan.
- Compute unearned interest and the payoff amount for a loan paid off early.
- Describe stocks, bonds, and mutual funds as investments.
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