User Account

All Pages

Terms of monthly payments if she refinances

Assignment Help Business Management
Reference no: EM131750799

Question: Evelyn took out a 30-year mortgage (monthly payments) for £130,000 at 8.3% and payment number 35 is due today. She is deciding whether she should refinance the outstanding principal by borrowing at today's lower rate of 6.3% an amount that just pays off the old loan. The new loan is for 30 years as of today. The total fees for getting the new loan equal 3.2% of the borrowed principal, and Evelyn will pay the fees today with funds from her savings account. 

  1. How much would she save in terms of monthly payments if she refinances?
  2. How much does she save in today's dollars? What is the PV of her savings?

Reference no: EM131750799

Questions Cloud

How could a firm in an industry avoid seasonal inventories : Why are inventory levels in many firms subject to strong seasonal fluctuations? Give an example of an industry where you would expect this to be the case.
Low-leveraged industries have low coverage ratios : Generally, low-leveraged industries have low coverage ratios, whereas capital-intensive industries that are heavily financed with debt have high coverage ratios
The keys to and challenges of implementing strategy : What are the keys to and challenges of implementing strategy and how can companies overcome the challenges?
Formulate statement of stockholders equity : Formulate statement of stockholders' equity at the end of December
Terms of monthly payments if she refinances : How much would she save in terms of monthly payments if she refinances? How much does she save in today's dollars? What is the PV of her savings?
What will be the effect on a firm inventories : What will be the effect on a firm's inventories if the following actions are taken: greater use of air freight both for purchases and shipments?
Research unique or innovative selection method : Research a unique or innovative selection method or technique that an organization may use.
Project relate to your professional career path : Identify and describe your project. How will this project relate to your professional career path?
The manager at convenience store wants to forecast sales : The manager at a convenience store wants to forecast sales for an item THIS WEEK based on the following historical data:

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd