User Account

All Pages

Principal of the loan

Assignment Help Business Economics
Reference no: EM132281240

1. You have just taken out a $ 15 000 car loan with a 4 % APR, compounded monthly. The loan is for five years. When you make your first payment in one? month, how much of the payment will go toward the principal of the loan and how much will go toward? interest? ?(Note: Be careful not to round any intermediate steps to fewer than six decimal? places.)

2. You have just sold your house for $900 000 in cash. Your mortgage was originally a? 30-year mortgage with monthly payments and an initial balance of $ 700 000 The mortgage is currently exactly 18.50years? old, and you have just made a payment. If the interest rate on the mortgage is 5.25 % ?(APR), how much cash will you have from the sale once you pay off the? mortgage? ?(Note: Be careful not to round any intermediate steps to fewer than six decimal? places.)

Reference no: EM132281240

Questions Cloud

Review the critical considerations to prepare a procedure : Research the Internet to obtain information on one of the following: SDLC, SCM, or Agile software development.
Making an extra payment : You have an outstanding student loan with required payments of $ 600 per month for the next four years.
Promote a product or service : Describe a hypothetical situation in which a legitimate organization used spam in an effective and nonintrusive manner to promote a product or service.
Developing examination of the financial statements : Research Coco-Cola and Pepsi on the Internet and download the Income Statement, Statement of Shareholders' Equity, Balance Sheet, and Statement of Cash Flows.
Principal of the loan : You have just taken out a $ 15 000 car loan with a 4 % APR, compounded monthly. The loan is for five years. When you make your first payment in one? month
Analyze the security failures : ISEC-615 - Fundamentals of Cybersecurity : Analyze the security failures and identify specific design principles that have been violated.
Discussion about the different types of financial statements : Think about the different types of financial statements you learned about in this unit (the income statement, statement of retained earnings, balance sheets.
What is the net advantage to leasing : Your firm is considering either leasing or buying some new equipment that belongs in a 20% CCA class. The lease payments will be $5,600 a year.
What happens to annual units demanded for the product : What happens to annual units demanded for the product if the firm increases the per-unit price from $26 to $27? From $42 to $43

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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