## Stanford University Consumer Renting Worksheet Cost of The Mortgage Math Practice: Mathematics Answers 2021

**Question Title:**

Stanford University Consumer Renting Worksheet Cost of The Mortgage Math Practice

**Full Question:**

I?m working on a mathematics question and need support to help me study.

Worksheet

Steve wants to buy a guitar. The model he wants costs $500.00. He can put down $100, but will need to take out a loan for the remaining $400. If he is charged an interest rate of 8%, about how much interest will he pay on the guitar in one year?Approximately what will be his monthly payment?

Sara wants new furniture for her apartment. She picked out furniture that costs $3,500. She has $500 to put down on the furniture, and she can obtain a loan at 8% for 3 years for the remainder. Approximately what will her monthly payment be?What will be the total cost of the item?

If Ted is making monthly payments of $77 on a loan of $4,000 for 5 years; approximately what percent interest is he paying?

Jean borrows $12,000 for 8 years at 6% interest. What is the approximate cost of the loan? What is Jean?s approximate total cost? What is Jean?s approximate monthly payment?

5. What is the approximate monthly payment on a 3 year loan at 10% on a principal of $5,000?Renting Worksheet: Complete this worksheet showing all work. You have a monthly income of $2,800 and you are looking for an apartment. What is the maximum amount you should spend on rent?

You have a monthly income of $1,900 and you are looking for an apartment. What is the maximum amount you should spend on rent?

An apartment you like rents for $820. What must your monthly income be to afford this apartment?

An apartment you like rents for $900. What must your monthly income be to afford this apartment?

An apartment rents for $665/month. To start renting, you need the first and last month?s rent, and a $650 security deposit. You also have upfront costs of $126 for a year of tenant insurance, $95 hookup fee for phone and internet, and $80 TV hookup fee. What is the total amount you need to begin renting the apartment?

Buying a house worksheet: Complete this worksheet showing all work using the mortgage payment chart provided in this lesson. You may print it out and do it by hand, or complete it right in Microsoft word. Then upload the completed worksheet with your journal as an attached file (Word document or Jpeg file).

Tom buys a condominium for $42,600. He makes a down payment of 15%, and pays these closing costs: survey $225; inspection, $110; mortgage fee, $852; legal fees, $450; title insurance, $286. What is the amount of the down payment? What are the total closing costs? How much will he need to bring to the closing (down payment + closing costs)?

Kerri takes out a mortgage for $55,000 at 9% for 25 years. What are her monthly payment, the total amount paid, and the cost of the mortgage?

Fred takes out a mortgage for $60,000 at 7% for 20 years. What are his monthly payment, the total amount paid, and the cost of the mortgage?

The Roger?s applied for a $70,000 mortgage for 30 years at 9%. Since they had a good credit history, they actually qualified for a 25 year mortgage at 7%. What were the payments on the 9% loan, and the 7% loan? What do they save monthly? What is the total repayment on the 9% loan and the 7% loan, and what do they save over the life of the loan?

Stan has a Homeowner?s Insurance policy on his house. He decides to build a garage. He needs to take out a building permit for the garage which costs $125. He also needs to update his Homeowner?s policy to include other structures on the property since he does not have any other buildings but his house currently. The cost for this is $245. Stan has $20,000 saved, and the garage price is $19,700. How much more will Stan need to cover the cost of the garage with permit and insurance included?

The Staff family pays a rate of 31 mills in property tax. The assessed value of the home is $48,000. What is their property tax?

Mark and Diane pay a rate of 43.7 mills in property tax. The assessed value of the home is $74,000. What is their property tax?

Shawn pays a rate of 35.55 mills in property tax on a home with an assessed value of $63,500. What is his property tax?

The Smith?s and the Jones are neighbors. They both have a tax rate of 28.5 mills. The Smith?s house is assessed at $80,000. The Jones? house is assessed at $67,000. How much more do the Smith?s pay in property tax?

#### Consider this Mathematics Assignment Done

Beat its deadline and stringent requirements.

[advanced_iframe securitykey=?your key? use_shortcode_attributes_only=?true? src=?https://core.studyhelp247.com/main-site-question-post/? id=?example4? height=?350? width=?450? show_part_of_iframe=?true? show_part_of_iframe_x=?-100? show_part_of_iframe_y=?75? show_part_of_iframe_width=?450? show_part_of_iframe_height=?350? show_part_of_iframe_new_window=?_top? show_part_of_iframe_new_url=?https://core.studyhelp247.com/new-question-posting/?]

## How it Works

## Why you should post this Mathematics question now.

**Flawless Deliveries**

Our tutors deliver fault free assignments after careful and detailed research. All instructions are followed to the letter.

**100% Originality Guarantee**

Every task delivered to students on our platform has 100% originality guarantee. Find plagiarism, get 100% money back.

**Timely Deliveries**

When you post a question here, we assure on-time delivery, or 100% money back. You cannot miss deadlines with us.

**24/7 Customer Support**

Our support agents are always online, ready to help you when using our platform. It only gets better.

**Student-Friendly Prices**

Getting quality help should not break your pocket. Find instant quality help for whatever budget you have.

**Free Revisions**

You can request your tutor for as many revisions as needed to ensure you are 100% satisfied with our services.

**100% Privacy**

Every action you take on our platform is anonymous. Once you receive your help, it is almost as if you weren?t here.

**100% Refunds**

If a tutor breaks any of our guarantees, you get 100% money back to ask questions in the future. No questions.

Here are other questions on different subjects that our tutors have handled with excellent results.

The first ones are Brookline College Oklahoma City MAE Project and Chiral Switching & Racemic Mixtures vs Single Enantiomers Questions which required in-depth research and computations. The third and fourth ones are Stanford University Consumer Renting Worksheet Cost of The Mortgage Math Practice and BUS 136300 Moraine Park Technical College Business Law Multiple Choice Questions, which called for experts to help with online quizzes. All these were answered for students who were looking for study assistants for homework help 2021

## Reviews from Students; Verified by Trustalyze

### Studyhelp247 Exceeded my expectations.

I believe in studyhelp247 now. Here, I found the best tutor to assist me with a complex math task. It was seamless using the site.

**Response from Studyhelp247**

Thank you for using our platform to find academic help. We are happy that you found what you were looking for.

### By far, the best source of affordable custom writing solutions.

I came to studyhelp247 after seeing an ad and they have been great. It is quite affordable owing to the fact that there are no service fee charges.

**Response from Studyhelp247**

Thank you for the great review. We are committed to providing the best platform to foster student excellennce. ðŸ™‚

### Very responsive support

I have enjoyed using studyhelp247. The support was very responsive and I received quality work

**Response from Studyhelp247**

Thank you.

Our support agents are always available to assist you with any issue.

### Great work done for me by Anastacia.

Thank you for the great work that you delivered. I will be back for more. ðŸ™‚

**Response from Studyhelp247**

Thank you for using our site.