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Lavina wants to buy a rocking chair for 160.00 she will pay 10 percent down and pay the rest in six monthly installments what will be the amount of each monthly payment?
Down payment = 10%Remainder to be paid in six installments = 90% = 0.9 of the purchase price.Each installment = (0.9 x 160)/6 = 24
What is the difference between prepayment and down payment?
A down payment is an initial upfront payment made when purchasing a property or asset, typically expressed as a percentage of the total price, and is often required by lenders to secure financing. Prepayment, on the other hand, refers to the act of paying off part or all of a loan before its scheduled due date, which can occur at any time after the loan is initiated. While a down payment is part of the purchase process, prepayment relates to loan repayment terms.
If 310 of the bowling pins were up what fraction of the Torrington super down what percent of the bowling pins were down?
7/10 were down.
Lavina wants to buy a rocking chair for 160 she will pay 10 percent down and pay the rest in six monthly installments what will be the amount of each monthly payment?
$16 no, 10% of 160= £16 160-16= 144 144/6 months = £24 per month for 6 months. :)
How do you make the percent sign on word?
Hold down alt and push the numbers 3 and 7 then tada! %
What kind of down payment is needed for a home loan?
The average down payment for a home loan is often twenty percent of the purchase price. For example a down payment on a home of $200,000 would be $40,000.
Daphene bought a used car for 9200 She made a down payment of 1840 Find the percent of the purchase price that is the down payment?
the answer would be 20%,you would divide 1840 by 9200
When you put a down payment on a car do dealers come down on price?
When you put down a down payment the price is already set. You must get them to come down before you agree to purchase which is what your down payment represents.
Does the down payment for a house take money off the loan from the bank?
No, the "down payment" is made directly from the buyer to the seller and is on top of the amount loaned by the bank to complete the purchase price. In a sense, the larger the down payment the smaller the loan that will be needed, so it would "take money off the AMOUNT of the loan", but not have any impact on the repayment of the loaned amount. For instance, if my down payment is 90 percent of the purchase price, the loan only needs to cover the remaining 10 percent.
How do you calculate down payment?
Find out the sales price of the house you want to purchase. If you are not in negotiation with the seller, the price for which it is listed will work. For example, if the house is listed at $100,000 sales price, use this number for your calculations. Multiply the purchase price by 5 percent, the minimum down payment required for most conventional mortgages. For this example, multiply $100,000 (the sales price) by 5 percent (or 0.05) to equal $5,000. Therefore, the minimum down payment for a conventional mortgage on the $100,000 house is $5,000. Note that you will have to pay PMI (private mortgage insurance) if your down payment is less than 20 percent of the price of the home. PMI is a fee charged by the lender to the borrower that protects the lender in the event of the borrower's default. In other words, the only benefiting party when you pay PMI is the lender. To avoid PMI, make a down payment of at least 20 percent. Calculate that amount by multiplying your sales price by 20 percent. For this example, $100,000 x 0.20 = $20,000.
What is a down payment of 20 percent on a purchase price of 215000?
To solve this, first convert 20% to a decimal. 20% = .20. Next, multiply the price by .20.$215,000 x .2 = $43,000
What is the minimum down payment required for a mortgage with 5 down?
The minimum down payment required for a mortgage with 5 down is 5 of the total purchase price of the home.
What is the answer to - a television has a cash price of 1250 When sold on hire purchase the interest charged was 20 percent What is the down payment if a customer makes 24 monthly payments of 53.50?
The type of loan would need to be a consideration but the down payment would be about $200.
What is the portion of a home purchase price paid in cash and is not part of the mortgage?
down payment
What is the portion of a homes purchase price paid in cash and is not part of the mortgage?
down payment
What is a down payment?
a portion of the purchase price that is paid as a condition of getting a loan. In other words, it is the first payment in installment buying.
What would be the payment on a Chevy Camaro 2012?
Depends on purchase price, down payment, interest rate, length of loan, etc...
