What is the principal balance on the loan

Assignment Help Financial Management

Reference no: EM13951770

You take out a 30-year $450,000 mortgage loan with an APR of 7.75 percent and monthly payments. In 16 years you decide to sell your house and payoff the mortgage. What is your monthly payment? What is the principal balance on the loan? What is your total payment? What is your principal payment? What is your interest payment?

Reference no: EM13951770

Questions Cloud

Use motion graphics , color and fonts to complete cst : I want to use motion graphics , color and fonts. I need this complete by 6pm CST.Please Find below what I have done.

Interest only debt service payments : Assuming a property is purchased for $125 million that has projected Year 1 NOI of $7.5 million, what is the maximum loan if lender requirements include maximum LTV of 60%, minimum DCR of 145%, and 10% interest only Debt Service Payments?

What will a share of stock sell for today : Storico Co. just paid a dividend of $1.70 per share. The company will increase its dividend by 20 percent next year and will then reduce its dividend growth rate by 5 percentage points per year until it reaches the industry average of 5 percent divid..

Was the ptolemaic model geo- or heliocentric : Was the Ptolemaic model geo- or heliocentric? Explain. How did Ptolemy and others before him account for retrograde motion (epicycle and deferent)? What is the most basic explanation for why this complicated theory could not possibly be correct?

What is the principal balance on the loan : You take out a 30-year $450,000 mortgage loan with an APR of 7.75 percent and monthly payments. In 16 years you decide to sell your house and payoff the mortgage. What is your monthly payment? What is the principal balance on the loan? What is your t..

Global perspective-ethical dilemma : Review the posting from the guest speaker Thomas Preston, who was a former Imaging Chemicals Global Commodity Manager for Eastman Kodak Company. Pay attention to the details regarding operations management and manufacturing in this real life case s..

Calculate operating cash flow for the year : The owner of a bicycle repair shop forecasts revenues of $240,000 a year. Variable costs will be $70,000, and rental costs for the shop are $50,000 a year. Depreciation on the repair tools will be $30,000. The tax rate is 30%. Calculate operating cas..

What will be the annual impact on profit of obtaining : Abruzzi sells its oil for $25 per gallon. The variable cost per gallon is $10.What will be the annual impact on profit of obtaining the Consolidated business (assuming there is no capacity problem)?

Description of the organization : Milestone One: Problem Identification, Select an organization in which you are, were, or hope to be employed. Include in the paper the following: Paper title and Description of the organization

User Account

All Pages