User Account

All Pages

What is the effective annual rate

Assignment Help Business Economics
Reference no: EM131200218

An individual is borrowing $175,000 for a 20 year loan at 3.95% per year compounded monthly.

A. Compute the monthly payment.

B. Immediately after the 104th monthly payment, the home owner plans to sell the house. How much money is owed back to the bank?

C. What is the effective annual rate(., what is the rate you would use to compute annual instead of monthly payments)?

Draw all cash flow diagrams

Reference no: EM131200218

Questions Cloud

This program is a simple shopping list : This program is a simple shopping list that could also be used for TODOs or similar purposes. The program maintains a list of items in a file, and each item has:
Write a one- two page paper reflecting on the film : What did the film make you think about? Were there any surprises or information that was new to you? Did it change your perceptions about nursing?
What is the order of system and identify response variable : What variables would you measure (and feedback through suitable controllers) in order to improve the performance of the control system?
Cumulative wealth index and the geometric mean return : What common variable is used in the calculation of both the cumulative wealth index and the geometric mean return? How is the common variable calculated? How is it used in each?
What is the effective annual rate : An individual is borrowing $175,000 for a 20 year loan at 3.95% per year compounded monthly.  Immediately after the 104th monthly payment, the home owner plans to sell the house. How much money is owed back to the bank? What is the effective annual r..
Calculate marginal productivity and put this in the table : Calculate marginal productivity (MP) and put this in the table. At what level of employment does diminishing marginal productivity begin? At what level of employment does marginal productivity become negative?
Does making child care costs deductible increase or decrease : How does making child care costs tax-deductible reduce the tax wedge associated with the fact that market work is taxed but home work is not?
Responses in the form of a term paper : Select one (1) of the following topics in which you will base your responses in the form of a term paper:
How does this differ from personal health : Define public/community health. How does this differ from personal health? What are the benefits of public health assessments? What are the disadvantages, if any?

Reviews

Write a Review

Business Economics Questions & Answers

  Without considering taxes and transactions costs

A no–load mutual fund had NAV per share of $23.00 on January 1. On December 31 of the same year the fund's NAV was $25.32. Income distributions were $0.85 and the fund had capital gain distributions of $1.65. Without considering taxes and transaction..

  What is the output at which total revenue is maximized

Consider the following information about the Stark Industries, a monopolist in the market ofiron men. Suppose the demand curve is QD = 30 − P/4. Suppose further that the cost function isTC(Q) = Q2 + 3Q.(a) Determine the pro?t maximizing output, price..

  Profit-maximizing price and quantity

For each option calculates the profit-maximizing price and quantity. Which, if any, of these compensation schemes would alter the deadweight loss from monopoly.

  Specializes in online security software development

A company that specializes in online security software development wants to have $85 million available in 3 years to pay stock dividends. How much money must the company set aside now in an account that earns interest at a rate of 8% per year, compou..

  What evidence does gi present to support the view

Illustrate what evidence does GI present to support the view that Canada had entered a recession

  Expenditure effect generated by the tax cut

For Canada, the expenditure effect generated by the U.S. tax cut and the spillover effects of increased defence spending will push the Canadian economy further into an economic recovery.” a) How will the U.S. tax cut and the increased U.S. defence sp..

  Developing countries focus on exporting manufactured goods

Arguments in favor of having developing countries focus on exporting manufactured goods include

  Explain how do open market operations work

Explain how do open market operations work through the fractional reserve banking system to impact the money supply and interest rates.

  Costs of production-packaging and marketing

Harvey quit his job at State University where he earned $45,000 a year. He figures his entrepreneurial talent or foregone entrepreneurial income to be $5,000 a year. In the first year, the firm sold 11,000 units of software at $75 for each unit. Of t..

  Q 1 why indifference curves are downward sloping2 why

q. 1. why indifference curves are downward sloping?2. why indifference curves are flatter whenever moving to the

  Imposing trade restrictions on imported steel rods

Suppose there is a policy debate regarding the United States imposing trade restrictions on imported steel rods: The president of the United States argues that the United States should threaten to impose a tariff on Chinese steel rods in order to ind..

  How is the equilibrium price determined

How is the equilibrium price determined? What happens if the price is above the equilibrium price? What happens if the price is below the equilibrium price?

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: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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