Interest rate is the mortgage company

Assignment Help Finance Basics
Reference no: EM131209305

A mortgage company offers to lend you $85 000 the loan calls for payments of $8273.59 at the end of each year for 30 years. What interest rate is the mortgage company charging you?

Reference no: EM131209305

Questions Cloud

What is the amount of my capital gain or loss : I purchase a consol with a coupon payment of $100 when the interest rate is 10 percent. - When I sell the consol, the interest rate has risen to 20 percent.
Compute the amount withdrawn by mickey during the year : Compute the amount withdrawn by Mickey during the year - What was the average capital balance of Boom during 2015?
What are the effects of such tax exporting : In many countries the capital owned by nonresidents is taxed. What are the effects of such tax exporting? Is it profitable to subsidize capital owned by nonresidents?
Factors that determine the shape and level of a yield curve : Discuss the factors that determine the shape and level of a yield curve. - How do term to maturity, credit risk, and tax treatment affect the interest rate on a particular asset?
Interest rate is the mortgage company : A mortgage company offers to lend you $85 000 the loan calls for payments of $8273.59 at the end of each year for 30 years. What interest rate is the mortgage company charging you?
How can persuasive speaking potentially be more difficult : Distinguish between informative and persuasive speaking. What, specifically, is the difference between the two and how can persuasive speaking potentially be more difficult?
Discuss the properties of the function derived : Use this production function to express the output-labor ratio as a function of the capital-labor ratio. Discuss the properties of the function derived.
Explain why a yield curve can be negatively sloped : Explain why a yield curve can be negatively sloped. Would interest rates be abnormally high or low?- What would be the overall expectation of the direction of future short- term interest rates?
Receive a margin call : You buy 700 shares of stock at a price of $70 and an initial margin of 55 percent. If the maintenance margin is 40 percent, at what price will you receive a margin call? (Do not round intermediate calculations. Round your answer to 2 decimal place..

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