User Account

All Pages

What is your principle interest and balance

Assignment Help Accounting Basics
Reference no: EM13854053

You are purchasing a home for $200,000 with a 20% down payment. You will pay 6% interest, for a 15 year loan. How much is your payment for the home (insurance is $60 per month and taxes are $85 per month.) What is your principle, interest and balance of the 12th and 60th payment?

Reference no: EM13854053

Questions Cloud

Explain what is meant by a zero-sum game : Explain what is meant by a zero-sum game, and why it was central to Mercantilist thinking. Then, explain how Smith's idea of absolute advantage altered the nature of the "game."
Initial consumer equilibrium position : Suppose that, from an initial consumer equilibrium position, the price of one good falls while the price of the other good remains the same. Using indifference curve analysis, explain how and why the consumer's relative consumption of the two goods w..
Source documents provide the input for the accounting proces : Source documents provide the input for the accounting process
Properties about peoples preferences : Discuss utility and some of the properties about people's preferences. One is that "more is better ".do you agree that is always the case and if not do you have an example?
What is your principle interest and balance : You are purchasing a home for $200,000 with a 20% down payment. What is your principle, interest and balance of the 12th and 60th payment?
Certain cash flow sequence : You were told that a certain cash flow sequence started at $3000 in year 1 and increased by $2000 each year. How many years were required for the equivalent amount worth of sequence to be $12000 at an interest rate of 10% per year?
Trade took place between the two countries : Suppose that the K/L ratio is higher in Germany than in Britain. What would you expect to happen to wages in Germany as trade took place between the two countries? Why?
Manufactures ultrasonic wind sensors invested : A company that manufactures ultrasonic wind sensors invested $1.5 million, 2 years ago to acquire part ownership in an innovative chip-making company. How long would it take (from the date of the initial investment) for its share of the chip company ..
Real return to capital in the export industry also decreases : "In a 2x2x2 Heckscher-Ohlin context, when a relatively labor-abundant country moves from autarky to trade, the real return to capital in the import-competing industry decreases and the real return to capital in the export industry also decreases."

Reviews

Write a Review

Accounting Basics Questions & Answers

  Haas comp opened a new store oct 1 2015 preparing the cash

haas comp. opened a new store oct. 1 2015. preparing the cash budget the company has a shortage of 178072. they have to

  Discuss possible ways to address the difficulties

What are the steps involved in the preparation of an advance plan for the distribution of cash in a partnership liquidation to determine which step is the most difficult to execute correctly. Discuss possible ways to address the difficulties you i..

  Jimenez enterprises issued 9 8-year 2600000 par value bonds

jimenez enterprises issued 9 8-year 2600000 par value bonds that pay interest semiannually on october 1 and april 1.

  Computing-journalizing payroll amounts

Compute Welch's gross pay, payroll deductions, and net pay for the full year 2012. Round all amounts to the nearest dollar. Compute United's total 2012 payroll expense for Welch.

  Exchange rate relationships between the us dollar and the

exchange rate relationships between the u.s. dollar and the euro have been quite volatile. when the euro began trading

  Necessary journal entries if the wages and salaries paid

Prepare the necessary journal entries if the wages and salaries paid and the employer payroll taxes are recorded separately.

  How much can harry contribute to his roth ira

Harriet and Harry Combs (both 37 years old) are married and both want to contribute to a Roth IRA. In 2012, their AGI is $50,000. Harriet earned $46,000 and Harry earned $4,000. (Leave no cells blank - be certain to enter "0" wherever required. Om..

  What is after-tax return of auto abs is for client

As a financial adviser to individual investors, your boss has asked you to write a memo to him analyzing a choice of two bonds for a client seeking to invest $350,000.

  Using the weighted-average method assign aprils costs to

during april the production department of a process manufacturing system completed a number of units of a product and

  Sow the calculations to verify that the total amount of

develop a plan for the distribution of salary increases. suppose you are employed in a local industry and your

  Walnut interests is a partnership owned equally by bob jon

walnut interests is a partnership owned equally by bob jon and gary. bob and jon each have a november 30 tax year-end

  A companys product sells at 12 per unit and has a 5 per

a companys product sells at 12 per unit and has a 5 per unitvariable cost. the companys total fixed costs are 98000.the

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