Calculate the portion of the monthly payment

Assignment Help Finance Basics
Reference no: EM131488080

Question: 1. (Solving for n with nonannual periods) About how many years would it take for your investment to grow fourfold if it were invested at an APR of 16 percent compounded semiannually?

2. (Spreadsheet problem) To buy a new house you take out a 25-year mortgage for $300,000. What will your monthly payments be if the interest rate on your mortgage is an APR of 8 percent compounded monthly? Use a spreadsheet to calculate your answer. Now, calculate the portion of the 48th monthly payment that goes toward interest and the portion that goes toward principal.

Reference no: EM131488080

Questions Cloud

Calculate the future sum : Recalculate part (a) assuming the interest rates is (1) an APR of 6 percent compounded semiannually and (2) an APR of 6 percent compounded bimonthly.
Transaction to import raw materials from foreign country : On December 1, 2014, SMC entered into a transaction to import raw materials from a foreign country.
What material weaknesses are specific to trinity : Assess, through reflection on the case study as well as the comparable industries identified in the overview, what material weaknesses are specific to Trinity.
Which alternative is more attractive : (Compound interest with nonannual periods) After examining the various personal loan rates available to you, you find that you can borrow funds from a finance.
Calculate the portion of the monthly payment : (Solving for n with nonannual periods) About how many years would it take for your investment to grow fourfold if it were invested at an APR of 16 percent.
Explain the importance of reviewing for subsequent events : Explain the importance of reviewing for subsequent events. Describe the requirements for reviewing for contingent liabilities and subsequent events.
Estimate of the total cost to the company for equity issue : What is the best estimate of the total cost to the company for the equity issue?
Measure of national economic wellbeing : In spite of the limitations (shortcomings), why is the GDP used as a measure of national income as well as a measure of national economic wellbeing?
What apr are you paying on this bowflex loan : (Nonannual compounding) George is considering buying a new house and has to borrow $50,000 to pay for it. He plans to take a mortgage loan from a bank.

Reviews

Write a Review

Finance Basics Questions & Answers

  What are inventories

What are inventories? Briefly explain what happens to the level of inventories when aggregate expenditure is greater than real GDP, what happens when aggregate expenditure is less than real GDP, and what happens when aggregate expenditure is equal..

  What is the price of the put option

A stock with a current price of $67 has a put option available with a strike price of $65. The stock will move up by a factor of 1.31 or down by a factor of .84 over the next period and the risk-free rate is 3 percent. What is the price of the put..

  Will the bond prices be the same

AMI Corp. and Chester Corp. have outstanding Bonds with identical remaining terms (10 yrs) and identical Coupon (9%) rates. Moody's has rated AMI Corp. as "Aa" and Chester Corp as "Aaa".

  Compute the year-end warranty liability

Assume that the cars were sold for cash for an average of $9,500. Prepare the entry to record the car sales during 2011 (combine all the sales and make one entry).

  Who are the remaining general creditors

Who are the remaining general creditors? How much will each receive from distribution before surodination adjustments? What is the effect of adjusting for subordination?

  Describe importance of the reversal phase in the abab design

Describe how changes in level and trend can each be used to evaluate data in a single-subject design.- Describe the importance of the reversal phase in the ABAB design.

  Assignment for statistics class

One of your classmates is working on an assignment for her statistics class. She created an online survey to collect student opinions about the college class schedule. She only has time before her engineering class to distribute the link to the su..

  Strategy for the client to repatriate earnings

Based on your research, develop a strategy for the client to repatriate earnings from the foreign markets and avoid or mitigate the U.S. tax impact on repatriation. Provide support for your rationale.

  Determine the effect on net income

Garner company $12 of vaiable and $5 of fixed costs to produce one bathroom scale which normally sells for $35. A foreign wholesaler offers to purchase 2,000 scales at $15 per.

  Find at least two articles from proquest database which

find at least two articles from the proquest database that highlight and discuss two of the biggest challenges facing

  Reasonable distribution for the waiting time

What is a reasonable distribution for the waiting time between two 911 calls during peak hours?

  Calculate total amount of cost

Drugs r us operates a mail order business. Company recieves average $325,000 payments per day. Average four days to recieve payment from time customer mails check tell firm recieves payment.

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