Payments are monthly and interest in compounded monthly

Assignment Help Operation Management
Reference no: EM13846911

You are purchasing a house that cost $500,000.You plan on making a down payment of $100,000 and borrowing the difference.The terms of your mortgage will be $ 400,000 in principal, 30-year term, and a fixed APR 3.875 %. The loan payments are monthly and interest in compounded monthly.

What is the periodic interest rate? 

 

 

Reference no: EM13846911

Questions Cloud

What is the pv : A set of cash flows begins at $50,000 the first year with an increase each year until n= 15. The interest rate is 7%. What is the PV if a. The annual increase is $5,000
Explain the design of computer-based systems : Applies mathematical models to the design of computer-based systems. Applies algorithmic principles and computer science theory to the modeling and design of computer-based systems.
How will the study of psychology enhance your life : Write an essay of 350-500 words that addresses the following: Describe how the current perspectives help accomplish each of the four goals of psychology. What particular issues in psychology are of personal interest to you? How will the study of psyc..
About the current health care reform law : The Health care issue is a great topic of debate between people these days. Conduct research about the current Health Care reform law and how it could affect your personal financial plan?
Payments are monthly and interest in compounded monthly : You are purchasing a house that cost $500,000.You plan on making a down payment of $100,000 and borrowing the difference.The terms of your mortgage will be $ 400,000 in principal, 30-year term, and a fixed APR 3.875 %. The loan payments are monthly a..
Equipment to use in his trade or business : Vincent pays $20,000 for equipment to use in his trade or business. He pays sales tax of $800 as a result of the purchase. Must the $800 tax be capitalized as part of the purchase price?
Determine a workforce level in each quarter : Using a chase strategy, determine a workforce level in each quarter and the total cost of the next year (labor cost, hiring cost, layoff costs, and inventory carrying cost).Using a level strategy, determine a constant workforce level and the total co..
Do you think this deduction is discriminatory : Individuals who own homes may take a tax deduction for interest paid. Many individuals believe that this tax law discriminates against individuals who rent. Do you think this deduction is discriminatory? Explain and share your thoughts.
Improve home-buying process-increase overall satisfaction : Describe some of the steps homebuyers can take to improve the home-buying process and increase their overall satisfaction. The text has covered the major issues we should look for when going through the house purchasing process. What are some of the ..

Reviews

Write a Review

 

Operation Management Questions & Answers

  Which method is least effective for communicating change

A restaurant is faced with the challenge of communicating to its employees a significant change in service also style. Which method is LEAST effective for communicating this change.

  A find out which project might be implemented and expolain

review the project management email.write an email response in which you address the following pointsa determine which

  The average time for the 20 missile guidance controls

What will be the average time for the 20 missile guidance controls

  Describe at least one strategic response

Identify five key economic variables that could represent major opportunities or threats to a bank in your town or city. Identify which that you believe to be most important, and describe at least one strategic response.

  Consider a project to develop new software inventory system

Consider a project to develop a new software inventory system. What are some of the resource constraints that would make the project challenging?

  Calculating average number of customers

Since the deregulation of the airline industry, fierce competition has forced Global Airlines to reexamine their operations for efficiency and economy.

  Which of the following is a characteristic of the horizontal

Which of the following is a characteristic of the horizontal organization?

  Assuming that the current turnover and profits of both

Assuming that the current turnover and profits of both the units are comparable, compare the relative benefits and limitations of Materials Requirement Planning (MRP) for these two businesses.

  Determine the optimal number of orders per year

The Central Valve Company sells industrial valves and fluid control devices. One of Central's most popular valves is the Western, which has an annual demand of 2,500 units.

  Restore credibility and generate positive press reporting

Create a public relations campaign for a financial institution that has recently received negative exposure in the media pertaining to its lack of responsiveness to those wishing to modify existing home loans. The goal of your campaign is to influenc..

  Describe manager of operations for a mid-sized company

He is the manager of operations for a mid-sized company. He is always working and many employees at work think that he is a workaholic. His goal is to become the company president before he turns 50. In which generational group would Bob fall? Exp..

  Should starwood maintain a cooperative orientation

Should Starwood maintain a cooperative orientation or a competitive orientation with its suppliers for the kinds of items described here? Why?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd