Interest Calculator

How much money will a buyer save in interest if they pay an addition $200 a month on a $799,000 mortgage with a 7.5% interest rate.

Mathematical Equivalence

ON

Tags

CCSS.8.EE.C.7B

How much money will a buyer save if they opt for a 15 year loan instead of a 30 year loan on a $799,000 mortgage with a 7.5% interest rate.

Mathematical Equivalence

ON

Suppose a buyer agrees to a 30 year loan but wants to send additional money every month in order to pay off the mortgage in 15 years.

How much should the additional monthly payment be on a $799,000 mortgage with a 7.5% interest rate.

Mathematical Equivalence

ON

How much money will a buyer save in interest if they pay get a 6.5% instead of a 7.5% on a $799,000 mortgage over the course of 30 years?

Mathematical Equivalence

ON

How much will the total savings be if a buyer sends additional monthly payments to reduce his 30 year mortgage to a 15 year monthly commitment on a $799,000 mortgage with a 7.5% interest rate.

Mathematical Equivalence

ON

Tags

CCSS.HSF-LE.A.1C

What type of growth does a simple interest formula produce?

• exponential

• linear

• quadratic

• negative

What type of growth does a compound interest formula produce?

• exponential

• linear

• quadratic

• negative

If interest is compounded by-weekly, how many times a year is that?

• 26

• 52

• 104

• 7

Tags

CCSS.HSF-LE.A.1C