4-2: Loans

Using the table, what is the total amount of the monthly payments for a $100,000, 2-year loan with an APR of 12%?

Hint: 2 years = 24 months

• $79,704

• $112,968

• $70,272

• $63,192

Tags

CCSS.HSF.BF.A.2

Using the table, what is the total amount of the monthly payments for a $200,000, 3-year loan with an APR of 11%?

Hint: 3 years = 36 months

• $186,120

• $207,288

• $235,728

• $335,592

Tags

CCSS.HSF.BF.A.2

Using the table, what is the total amount of the monthly payments for a $300,000, 3.5-year loan with an APR of 10%?

Hint: 3.5 years = 42 months

• $566,244

• $406,602

• $356,832

• $319,536

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.SSE.A.1

CCSS.HSA.SSE.B.4

CCSS.HSN.Q.A.1

Using the table, what is the total amount of the monthly payments for a $400,000, 4-year loan with an APR of 9%?

Hint: 4 years = 48 months

• $877,056

• $610,560

• $534,528

• $477,888

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.REI.A.2

CCSS.HSA.REI.B.3

CCSS.HSA.SSE.A.1

Using the table, what is the total amount of the monthly payments for a $500,000, 5-year loan with an APR of 8%?

Hint: 5 years = 60 months

• $608,400

• $732,300

• $821,400

• $940,200

Tags

CCSS.HSF.BF.A.2