Assume the information for home mortgage

Assignment Help Financial Management
Reference no: EM13890734

Assume the following information for a home mortgage:

Original loan amount = $130,000 Annual interest rate = 5.75% Term of loan = 30 years

How much principal and interest was paid in year four, and what is the principal balance on the loan after four years?

Reference no: EM13890734

Questions Cloud

What is the net present value and internal rate of return : What is the Net Present Value (NPV) and Internal Rate of Return (IRR) of spending $120,000 today on law school assuming you made $5,000 more a year more for the next 35 years assuming you could invest this money elsewhere and earn 13%?
Describe what was unique about samuel kistler experiments : 1. Please describe what was unique about Samuel Kistler's experiments in 1931 that led to the development of aerogels, and how it was applied to develop an engineering material. 2. Explain why silica aerogels are extremely efficient thermal insulator..
Prepare the journal entries assuming commercial substance : Pizza Company trades its used delivery cars for a new models at Hudson Toyota. Prepare the journal entries assuming a) commercial substance and b) no commercial substance.
Prepare adjusting entries required of financial statements : 1.For each of the following separate cases, prepare adjusting entries required of financial statements.
Assume the information for home mortgage : Assume the following information for a home mortgage: Original loan amount = $130,000 Annual interest rate = 5.75% Term of loan = 30 years. How much principal and interest was paid in year four, and what is the principal balance on the loan after fou..
Audience reception and the influences of history and culture : Audience Reception and the Influences of History and Culture
What is the amount of the first annual payment : Hometown Builders is borrowing $150,000 today for five years. The loan is an interest-only with an APR of 8.5 percent. Payments are to be made annually. What is the amount of the first annual payment?
Discuss why play is important for children : In 250 words discuss why play is important for children in preschool and kindergarten. Explain how you will incorporate at least 3 types of play into your daily schedule
How are atoms and compounds related : How are atoms and compounds related? Can you please clear the misconception amongst those two? Do atoms make up compounds? And do compounds make up mixtures?

Reviews

Write a Review

Financial Management Questions & Answers

  Define what is the current price of the bond

When it matures at the end of 7.5 years it pays out $1,000. If investors wish to earn 2.35% per year on this bond investment, what is the current price of the bond

  What is their nominal yield to call

A firm's bonds have a maturity of 10 years with a $1,000 face value, have an 11% semiannual coupon, are callable in 5 years at $1,186, and currently sell at a price of $1,332.41. What is their nominal yield to maturity? What is their nominal yield to..

  What is the value ofthe stock if the required rate of return

A stock just paid an annual dividend of $2. The dividends are expected to grow at 20%per year over each of the next three years and 5% per year thereafter. What is the value ofthe stock if the required rate of return is 12%?

  Net interest income and relative asset prices

The portfolio managers of a firm determined that over the next year interest-sensitive assets are in the amount of $1.5 billion while interest-sensitive liabilities are in the amount of $1.8 billion. Calculate GAP and Duration GAP (DGAP) for this sit..

  Expected return on the market-risk-free rate of return

The stock of Big Joe's has a beta of 1.66 and an expected return of 13.40 percent. The risk-free rate of return is 5.9 percent. What is the expected return on the market?

  How much is the max exclusion from taxation on the gain

Jane has lived in her home 6 years got married last month gave her husband one half interest in home. if they sell the home next month how much is the max exclusion from taxation on the gain.

  Type of factor that drives stock prices

Which of the following is not a type of factor that drives stock prices, according to your text?

  Size of the monthly payments he will be required to make

Joe secured a loan of $10,000 two years ago from a bank for use toward his college expenses. The bank charges interest at the rate of 4%/year compounded monthly on his loan. Now that he has graduated from college, Joe wishes to repay the loan by amor..

  Distinguish between the types of bonds

Distinguish between the types of bonds. What factors determine their value? Explain three important relationships that exist in bond valuation. Distinguish between preferred stock and common stock. Compare valuing preferred stock and common stock.

  An investor requires a return of risky security

An investor requires a return of 12 percent of risky securities

  Value of money and its applicability yielded

When the Genesis Energy and Sensible Essential teams held their weekly meeting, the time value of money and its applicability yielded an extremely stimulating discussion.

  Evaluating lump sums and annuities

Crissie just won the lottery, and she must choose between three award options. She can elect to receive a lump sum today of $60 million, to receive 10 end-of-year payments of $9.3 million, or 30 end-of-year payments of $5.3 million. If she expects to..

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