What was the seeling price of the house

Assignment Help Financial Management
Reference no: EM131554713

John just bought a house. He made a $20,000 down payment and financed the balance with a 22-year home mortgage loan with an interest rate of 6% compounded monthly. His monthly mortgage payment is $875. What was the seeling price of the house?

Reference no: EM131554713

Questions Cloud

Consider american-style call options on bond : Consider American-style call options on a bond. The options expire in 60 days. The bond is currently at $1.05 per $1 par and makes no cash payments during the l
Explain what is callable bond : Please explain the different capital budgeting techniques, Please explain what is a callable bond.
Calculate the current market yield for an outside investor : calculate the current market yield, for an outside investor, for the:
Considering adding new product in different line of business : The company is considering adding a new product in a different line of business that is unrelated to their current product.
What was the seeling price of the house : His monthly mortgage payment is $875. What was the seeling price of the house?
What is the overall rate of return on the portfolio : What is the overall rate of return on the portfolio over the last year?
What is best estimate of current stock price : The firm's required return (rs) is 12.0%. What is the best estimate of the current stock price?
Explain the process of building the start-up-sales forecast : explain the process of building the start-up, sales forecast, payroll, and the profit and loss tables.
Option on futures as opposed to pure futures hedge : What is the advantage of an option on futures as opposed to a pure futures hedge?

Reviews

Write a Review

Financial Management Questions & Answers

  What is probability of up movement in risk-neutral world

What is the percentage up movement? What is the percentage down movement? What is the probability of an up movement in a risk-neutral world?

  Make single investment

Mary White would like to make a single investment and have $2 million at the time of her retirement in 35 years. She has found an investment fund that will pay interest at 4% annually. How much will Mary need to invest today? What if Mary were studyi..

  What is value of your retirement plan

Future Value of Multiple Annuities Assume that you contribute $240 per month to a retirement plan for 20 years. Then you are able to increase the contribution to $340 per month for another 20 years. Given a 8.0 percent interest rate, what is the valu..

  What is the corresponding house price

You have decided to purchase a home after graduation, and you are saving for the closing costs ($3500) and down payment. To avoid paying mortgage insurance and to get a better interest rate, you need a down payment of 20%. The current nominal annual ..

  Stock valuation with non-constant growth of the dividend

Stock Valuation with Non-constant Growth of the Dividend using DDM. The last annual dividend paid by Starboard Industries was Do = $1.15. The company's growth rate is expected to be 30 percent for each of the next 3 years, followed by a constant rate..

  Cash flow and the required rate of return data

Terrius Company considers a new project that has the following cash flow and the required rate of return (WACC) data. What is the project's profitability index (PI)? Do you think the company should accept the project?

  What must the coupon rate be on bonds

DMA Corporation has bonds on the market with 21.5 years to maturity, a YTM of 6.8 percent, and a current price of $1,045. The bonds make semiannual payments and have a par value of $1,000. What must the coupon rate be on these bonds?

  How many years will it take to reach your goal

Number of Periods of an Annuity You have $30,934.29 in a brokerage account, and you plan to deposit an additional $4,500 at the end of every future year until your account totals $200,000. You expect to earn 11.2% annually on the account. How many ye..

  More on ratio analysis-use return on equity

Analysts and investors often use return on equity (ROE) to compare profitability of a company with other firms in the industry. ROE is considered a very important measure, and managers strive to make the company’s ROE numbers look good. Based on your..

  One-year zero-coupon bonds and perpetuities

how much of its portfolio should it allocate to one-year zero-coupon bonds and perpetuities, respectively, if these are the only two assets funding the plan?

  What is the company current stock price

The Francis Company is expected to pay a dividend of D1 = $1.25 per share at the end of the year, and that dividend is expected to grow at a constant rate of 6.00% per year in the future. The company's beta b = 1.15, the market return rM = 10%, and t..

  Differential income or loss from the lease alternative

The Porter Beverage Factory owns a building for its operations. Determine the differential income or loss from the lease alternative.

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