Question Details

(Solution) - The Tensers bought a mobile home for 89 500 They rent

Brief item decscription

Solution download

Item details:

The Tensers bought a mobile home for $89,500. They rent space in a trailer park for $900 per month. The rent increases 2% per year.
a. If they put a down payment of $10,000 on the trailer, how much must they borrow?
b. If they borrow the amount from part a for 15 years at an APR of
6%, what will the monthly payment be to the nearest cent?
c. What will be the first monthly payment? final monthly payment?
d. How much will they pay each month for their trailer and the space for the first year?
e. What will the space rental be to the nearest cent when they are making their final payment on the trailer?


About this question:

This question was answered on: Jul 11, 2017

PRICE: $15 (18.37 KB)

Buy this answer for only: $15

Pay using PayPal (No PayPal account Required) or your credit card. All your purchases are securely protected by PayPal.

Need a similar solution fast, written anew from scratch? Place your own custom order

We have top-notch tutors who can help you with your essay at a reasonable cost and then you can simply use that essay as a template to build your own arguments. This we believe is a better way of understanding a problem and makes use of the efficiency of time of the student. New solution orders are original solutions and precise to your writing instruction requirements. Place a New Order using the button below.

Order Now