Estimate cost of financing, Cost Accounting

Calculate the equal monthly payments and the cost of financing on a 10-year mortgage. The cash value of the house today is $500,000. You are paying monthly at a fixed rate of 6% per year compounded daily. You are required to downpay 10% of the house value at the beginning. At the end of the mortgage you plan to pay off one-half of the today's cash value of the house. The first monthly payment is one month from the start of the mortgage.

Posted Date: 3/22/2013 4:08:38 AM | Location : United States







Related Discussions:- Estimate cost of financing, Assignment Help, Ask Question on Estimate cost of financing, Get Answer, Expert's Help, Estimate cost of financing Discussions

Write discussion on Estimate cost of financing
Your posts are moderated
Related Questions
Herrestad Company does produce and sell two products and the details below will be used to prepare a segmented income statement (showing the income for each product and the total)

WORKED EXAMPLES OF EXPECTED CASH COLLECTIONS PATTERNS

10% of the finished castings were to be defective in manufacture and were rectified by expenditure of additional works overhead charges to the extent of 20% on the proportionate di

Vintage Auto Company manufactures parts to order for antique cars. Vintage Auto makes everything from fenders to engine blocks. Each customer order is treated as a job. Vintage Aut

DIFERENCE BETWEEN MARGINAL AND DIFFERENTIAL COSTING

Q. Given the below information, what is the dollar amount that the LIFO liquidation added to gross margin?   Number of Units Price per Unit

What is the total after-tax annual cost of a machine producing bolts with a first cost of $45,000 and operating and maintenance costs of $0.22 per unit per day? It will be sold for

The next year's budget for Benny, Inc., is given below: Product 1-2 Sales $945,000-688500 Variable costs 459,900-297,000 Fixed costs 300,000-3

The employees at Warren Manufacturing Company are unionized. As minimum requirements, the union members insist on keeping a work force of at least 300 workers, and accepting an hou

Reserves and surplus or retained earnings usually occur out of profitable operations. This is a surplus not distributed through the firm as dividends. Conversely, these are profits