What interest rate is the mortgage company charging you

Reference no: EM13297115

A mortgage company offers to lend you $85,000; the loan calls for payments of $8,538.98 at the end of each year for 30 years. What interest rate is the mortgage company charging you? Round your answer to two decimal places.

Reference no: EM13297115

Questions Cloud

What is the monthly loan payment : What is the monthly loan payment? Round your answer to the nearest cent. $ What is the loan's EFF%? Round your answer to two decimal places.

Calculate the total amount jonathon : Calculate the total number of repayments Jonathon has to make to his brother and calculate the total amount Jonathon has to repay to his brother.

What will the portfolio new beta be after these transaction : The portfolio has a beta of 1.00. You are considering selling $100,000 worth of one stock with a beta of 1.05 and using the proceeds to purchase another stock with a beta of 1.50. What will the portfolio's new beta be after these transactions?

Estimate the mass of the rod : A rod of length 30.0 cm has linear density (mass per length) given by l 5 50.0 1 20.0x, What is the mass of the rod

What interest rate is the mortgage company charging you : A mortgage company offers to lend you $85,000; the loan calls for payments of $8,538.98 at the end of each year for 30 years. What interest rate is the mortgage company charging you? Round your answer to two decimal places.

What is the expected accounts receivable balance at the end : The Yellow Box has the following estimated quarterly sales for next year. The accounts receivable period is 45 days. What is the expected accounts receivable balance at the end of the third quarter? Assume each month has 30 days.

Why might a parent company like mcdonalds or hilton choose : Why might a parent company like McDonalds or Hilton choose to franchise its local outlets rather than own them and staff them with employees? In many smaller cities all McDonald’s outlets are owned by the same franchisee. Why is (or isn’t) this fact ..

Find the initial speed of the alpha particle : an elastic collision between two bodies in which the collision is not head-on. Projectile particle m1 is an alpha particle and target m2 is an oxygen nucleus. Find the initial speed of the alpha particle

Define the balanced equation for the formation : What is the balanced equation for the formation of magnesium nitride from magnesium and nitrogen gas

User Account

All Pages