How much would you need today to pay off the mortgage

Assignment Help Financial Management
Reference no: EM131504460

Suppose you make monthly mortgage payments of $2,545 and have 12 years left on the mortgage (next payment due next month). Assuming a 5.6% stated annual interest rate for the mortgage, how much would you need today to pay off the mortgage?

Reference no: EM131504460

Questions Cloud

Compute the break-even point for the given sales mix : For the revised estimates, compute the Break-even point for the given sales mix and Margin of safety for the estimated sales volume.
What is the typical career path to arrive at each position : What educational and professional qualifications must each individual in this high-level position possess?What is the typical career path to arrive at position?
What is bad boys cost of capital : If Bad Boys, Inc. raises capital using 30% debt, 5% preferred stock, and 65% common stock, what is Bad Boys cost of capital?
Congressional delay in future re-authorizations : What measures could the international aviation industry employ to protect itself from a Congressional delay in future re-authorizations?
How much would you need today to pay off the mortgage : Assuming a 5.6% stated annual interest rate for the mortgage, how much would you need today to pay off the mortgage?
What is the all-in cost : Having discussed with Bank of America (BOA), you find out that a 0.45% acceptance fee is charged on that banker's acceptance which can be sold at a discount.
Prepare digital forensics investigative plan : prepare digital forensics investigative plan to enable a systematic collection of evidence and subsequent forensic analysis of the electronic and digital data
The competing visions of health care administration : Write a paper that compares and contrasts the competing visions of health care administration among stakeholders, identifies the areas where they conflict.
Growth of health care expenditures in our nation : What could be done to slow, stop, or even reverse the growth of health care expenditures in our nation?

Reviews

Write a Review

Financial Management Questions & Answers

  What is the current value of one of these bonds

Due to a number of lawsuits related to toxic wastes, a major chemical company has recently experienced a market revaluation. The firm has bonds outstanding that were issued 8 years ago at their par value of $1,000. These bonds have 12 years to maturi..

  What is after-tax cost of capital for this debt financing

Great Seneca Inc. sells $100 million worth of 28-year to maturity 12.46% annual coupon bonds. The net proceeds (proceeds after flotation costs) are $979 for each $1,000 bond. The firm's marginal tax rate is 30%. What is the after-tax cost of capital ..

  Bonus points problem

[Bonus Points Problem] In 40 years, you would like to retire on $150,000 a year in today's dollars. If the inflation rate = 4% a year for the next 40 years, how much must you have to equal today's $150,000?

  Cash and marketable securities worth-net working capital

Winston Electronics reported the following information at its annual meetings. The company had cash and marketable securities worth $1,236,290, accounts payables worth $4,159,780, inventory of $7,121,620, accounts receivables of $3,489,210, notes pay..

  Security has an expected rate of return

Your personal opinion is that a security has an expected rate of return of 0.WD stock will pay no dividends for four years.

  Evaluating two different silicon wafer milling machines

You are evaluating two different silicon wafer milling machines. the Tehron I cost $213,000, has a three-year life, and has pretax operating costs of $54,000 pe

  Debit should have gone to utilities expense

A transaction was recorded as a debit to phone expense and a credit to cash. After reviewing the trial balance and searching, we find that the debit should have gone to utilities expense.

  Calculate the modified internal rate of return

Calculate the Modified Internal Rate of Return (MIRR) for the global automaker, and indicate if the project should be accepted using the MIRR. Project A: -$560 year 0, 240 year 1, 240 year 2, 240 year 3

  The securities and exchange commission

SEC is The Securities and Exchange Commission. What filings does the company make annually and quarterly to the SEC? Why are these important? Did Chevron make any Section 16 filings to the SEC? What is this filing used for? What are the 8-k filings t..

  Is your current asset allocation appropriate

Is your current asset allocation appropriate? If not, what changes will you make to better diversify your investments?

  Calculate the value of one share of stock as of today

You are interested in purchasing enough number of shares in SMITH Chemical Inc. so that you can be guaranteed a seat on the board of directors when the next annual shareholder’s meeting is held. Calculate the dividends the company will pay during yea..

  What is the annually compounded risk free interest rate

A non-dividend-paying common stock is trading at $100.- What is the annually compounded risk-free interest rate where the boundary condition begins to be non-zero?

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