# Consumer Mathematics Assignment | Custom Assignment Help

Option #1: Consumer Mathematics #1 Compound Interest Bob bought hunting equipment for \$4,800. He borrowed money from his credit union for the purchase, obtaining a loan with a 10% annual interest rate, monthly compounding, and a 3-year term. If Bob’s loan is structured as an installment loan, calculate his total installment cost, his monthly payment, and his total finance charge (interest). Annuity Payment David is saving money to open an Indian food franchise. He needs \$15,000 in two years to make his down payment and is investing in an annuity yielding an annual interest rate of 7% compounded monthly

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. If the annuity requires that David make monthly investments, what annuity payment must David make to save \$15,000? Mortgage Financing Abbie purchased a \$129,000 home with 30-year term, 6% rate mortgage. At closing she paid a \$10,000 down payment, requiring her to purchase private mortgage insurance (PMI) at a cost of \$25 per month. Calculate Samantha’s monthly mortgage plus PMI payment. Requirements: Show all your work so that the instructor clearly sees how you solved the problem. Make sure your final answer is clear and visible. Reference will be Blitzer, R. (2015). Thinking Mathematically (6th ed.). Boston MA: Pearson Education. The introduction should be 2 to 3 sentences, Body of paper is the answer to all the questions, and the Conclusion should be 2 to 3 sentences, and a reference page..Get today

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