1 mark takes out a 15-year mortgage for 205786 at an annual, Ask an Expert

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1. Mark takes out a 15-year mortgage for $205786 at an annual interest rate of 5.7%. How much does he still owe when there is 1 year left on the loan?

2. The NASDAQ stock market bubble peaked at 4,816 in 2000. Two and a half years later it had fallen to 1,000. What was the percentage decline?

3. Compute the monthly payments on a 3-year lease for a $26629 car if the annual rate of depreciation is 20% and the lease's annual interest rate is 3.4%.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92777279

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