Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question: Maya has purchased her first home for $150,000. She places 20% as a down payment and negotiates with the bank a 5-year term for her mortgage with 5.5% APR, compounded quarterly. She will make monthly payments over a 25-year period to pay off the mortgage.
a. What is the mortgage amount?
b. What is the effective monthly interest rate?
c. What are her monthly payments?
d. After 4 years (n-48 months) she decides to pay off the mortgage in its entirety. The penalty for early repayment is 3 months' interest. Assuming this is calculated in what would be months 49, 50, and 51 of the payment schedule, what is the total financial penalty?
e. Assuming the payment frequency and interest rate remain the same over 25 years, what has Maya paid in total for the house after 25 years?
For each of the items above, describe what would be the likely outcomes in the economy. Use the appropriate tools of analysis, such as aggregate demand.
The earlobe test was introduced in a letter to the prestigious New England Journal of Medicine, in which Dr. Sanders Frank reported that 20 of his male patients with creases in their earlobes had many of the risk factors (such as high cholesterol ..
The building of a larger arena in Toronto increases the demand for Maple Leafs tickets by Torontonians would not affect the GDP of Canada, why?
Explain in words why equilibrium GDP changes
What are three policy implications of increased foreign holdings of U.S. currency - How do the monetary aggregates relate to the amount of "money" in the economy?
The cost of lower productivity linked to the older computer is $3000 this year. New Tech uses an interest rate of 15%. What is the cost advantage of best system
Last year it snowed 80 inches in Snowtown, USA. This year it snowed 92 inches. What was the percentage increase in snow this year relative to last year
a country is described by the solow model with a production function of yk 12. suppose that k is equal to 400. the
Refer to Exhibit E-3. Your budget is $50. The price of amusement goods is $10. If the price of clothes falls to $4, which of the following statements is true?
why is it so certain that price elasticity will cause those prices to return to levels they were at instead of staying lower based on the new technology?
For depreciation purposes, a 150% declining balance depreciation is utilized for a material handling lift truck with a cost basis of $21,668 and a salvage value of $6250 at the end of its useful life of five years. If the MACRS depreciation method wi..
Do you believe that the center should establish its accounting system on a fund basis? If so, why? Assume you answered ‘‘yes'' to question 1. What specific fund types do you think the center should set up? Explain.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd