User Account

All Pages

What fraction of your payments went to reducing principal

Assignment Help Accounting Basics
Reference no: EM132724665

Question - Mortgage Payoff: You take out a 30-year fixed rate mortgage for a house. The amount borrowed is $300,000. The interest rate is 4% per year compounded monthly. You decide to sell the house immediately after the 60th payment (five years). How much do you still owe on the loan?

What is the total amount you have paid the lender by the time you sell the house?

How much principal have you paid the lender by the time you sell the house?

How much interest have you paid the lender by the time you sell the house?

What fraction of your payments went to reducing the principal?

Reference no: EM132724665

Questions Cloud

What are consequences of not utilizing current codes : What are the consequences of not utilizing current codes and charges? Discuss how using last year's CDM will affect the current year's bottom line.
Explain corporate bond interest : Explain corporate bond interest in terms of cost of capital versus investor yields. Also, explain the municipal bond interest in terms of investor yields.
What is the project irr : Assume project cost is $25,000 with cash flows of $8,000/yr for 5 years; WACC = 10%. What is the project's IRR?
How would consolidated net income be allocated : Placid Lake Corporation acquired 90 percent, how would consolidated net income be allocated to the controlling and noncontrolling interest?
What fraction of your payments went to reducing principal : Mortgage Payoff: You take out a 30-year fixed rate mortgage for a house. What fraction of your payments went to reducing the principal
What is the project npv : Assume project cost is $25,000 with cash flows of $8,000/yr for 5 years; WACC = 10%. What is the project's NPV?
What is the minimum taxable capital gain : C sold capital property in Year 1 for net proceeds of $300,000. What is the minimum taxable capital gain to be reported in Year 2
Does good enhance the value of human life : Does good enhance the value of human life? Why or why not? Does good avoid or decrease suffering and pain? How?
Prepare the journal entry to record the retirement : Boston Company issued bonds a few years ago with a face amount of $2,000,000. Prepare the journal entry to record the retirement

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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