The home you know you must replace the havc system

Assignment Help Financial Management

Reference no: EM131871520

Show your work, formulas and Enter your answers in the following

1. You are saving for a down payment on a house you would like to purchase. You want to save 27158.89 in 3 years at Annually compounded. the interest is 6% The payment amount is ___________?

2. You want to purchase a house. Given the following information compute the mortgage and monthly payment.

House Cost: 246899

Interest: 3.8%

Compounded: Monthly

Years: 15

Mortgage Amount: _____________

What will the payment amount be_____________.

3. Take the mortgage amount, interest rate, compounding period, and years of the loan from Question 2 above, compute the outstanding balance after 9 years.

Outstanding Balance Amount: ___________________

4. After you moved into the home you know you must replace the HAVC system. You want to create a sinking fund for is purchase.

HAVC Cost: 13192

Interest Rate: 5.2%

Compounded: 4

Years: 4

Payment Amount: ________

Reference no: EM131871520

Questions Cloud

Develop organisational skills for deadline submission : Develop organisational skills for deadline submission. Exploring the fundamental economic changes in the global economy.

Initial cost of the new propellers product investment : What is the relevant initial cost of the new propellers product investment? what is the NPV of the new propellers investment?

Conduct a strategic analysis and write a report : Conduct a strategic analysis, and write a report on a real-life business. Please note that this report will focus on business-level strategy.

Compute the departmental overhead rates : Compute the departmental overhead rates using machine hours as the cost driver. Compute a company-wide overhead rate using machine hours as the cost driver.

The home you know you must replace the havc system : After you moved into the home you know you must replace the HAVC system. You want to create a sinking fund for is purchase.

Analyze the case and identify key issues : Jim had stated that he was confident that the analysis would indicate opportunities to reallocate district sales efforts in a manner that would increase profits

Compute robert taxable gifts for the year : Compute Robert’s taxable gifts for the year assuming the annual gift tax exclusion is $14,000 per donee.

Which equals the bond face value : which equals the bond's face value. If interest is paid semiannually, the bond's yield to maturity is

How many ways a president vice-president and a secretary : How many ways a president, vice-president and a secretary-treasurer for a high school Safe Grad committee be selected from 58 grade 12 students? Abby walks 9 blocks from her home, H, to school, S. She always walks 5 blocks west and 4 blocks north. Ho..

User Account

All Pages