How much is a monthly payment

Assignment Help Finance Basics
Reference no: EM132554749

John is buying a home with a $120,000 mortgage using a 6.5% 15 year loan. If the payment for $1,000 debt under these terms is $8.711 how much is a monthly payment?

Reference no: EM132554749

Questions Cloud

Kingston-bryce business case : As a Project Manager for Kingston-Bryce Limited you have been assigned to create a business case. Timelines for the acquisition.
Amount of monthly payment for principal and interest : Calculate the amount of monthly payment for principal and interest for $195,000 8% 25 year loan the payment for 1,000 debt under these terms is $7.7182
Explain the contradiction between jeffersons words : How would you explain the contradiction between Jefferson's words in the Declaration of Independence about the equality of all---and his role in and intimate
Explain and justify your diagnosis for the client : Using the DSM-5, explain and justify your diagnosis for this client. Explain whether cognitive behavioral therapy would be effective with this client.
How much is a monthly payment : If the payment for $1,000 debt under these terms is $8.711 how much is a monthly payment?
Critical role in project management : Kick-off meetings are commonly held for many types of events and occurrences; however, they play a critical role in project management.
Unlimited losses for the short seller : Explain how 'selling a stock short' may result in unlimited losses for the short seller.
What is moral and immoral per your theory : Take your personal ethical philosophy statement and use it to work through John Doe's case. What is moral and immoral per your theory?
Present value calculations are unnecessary : ?Suppose that C is the price of a European call option to purchase a security whose present price is S. Show that if C>S then there is an opportunity

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

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