What is the monthly amount of your mortgage payment

Assignment Help Financial Management
Reference no: EM132073183

1. You currently have $1,384 in a retirement savings account that earns an annual return of 07.00%. You want to retire in 43 years with $1,000,000. How much more do you need to save at the end of every year to reach your retirement goal?

2. You currently owe $2,366 to your credit card that charges an annual interest rate of 20.00%. You make $107 of new charges every month and make a payment of $226 every month. What will your credit card balance be in three months?

3. You would like to retire in 15 years. The expected rate of inflation is 04.00% per year. You currently have a standard of living that requires $5,127 of monthly expenses. Assuming you want to maintain the same standard of living in retirement, what are your monthly expenses expected to be the first year of retirement?

4. You purchases a house for $215,284. You made a down payment of $20,000 and the remainder of the purchase price was financed with a mortgage loan. The mortgage loan is a 30 year mortgage with an annual interest rate of 08.00%. Mortgage payments are made monthly. What is the monthly amount of your mortgage payment?

Reference no: EM132073183

Questions Cloud

Confidence interval for the mean amount of time : How would I determine and interpret a 99?% confidence interval for the mean amount of time Americans age 15 or older spend eating and drinking each day.
Explain the various types of plans in detail : There are various types of plans consumers can select. MCOs, HMOs, PPOs, POSs, or ACOs are the most common ones; however they all supply various benefits.
Obtain a point estimate for the proportion : If an interactive poll found that 379 of 2,246 adults aged 18 or older have at least one tattoo. How would I determine the following solutions?
Current interest rate on new government student loans : What is the current interest rate on new government student loans for graduate students?
What is the monthly amount of your mortgage payment : Mortgage payments are made monthly. What is the monthly amount of your mortgage payment?
Cramer-rao lower bound : Does the MLE of ??? attains the Cramer-Rao lower bound?
How much would you be willing to pay for zen bonds today : How much would you be willing to pay for Zen’s bonds today? Will you buy it? Why?
Prepare a presentation to address anxiety-reducing technique : Develop a presentation that includes information from the video on ways to address anxiety-reducing techniques.
How to recognize peer-reviewed journals : Support your SLP with peer-reviewed articles, using at least 2-3 references. Use the following source for additional information on how to recognize.

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

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!

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