What will be your monthly mortgage payment

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Reference no: EM131880995

1. You want to purchase a new condominium that costs $327,800. Your plan is to pay 20 percent down in cash and finance the balance over 25 years at an annual 5.0% rate. What will be your monthly mortgage payment?

2. Marie received a medical settlement from Tom. Marie will receive $40,000 per year for 5 years. Payments will be received monthly, with the first payment being made now. If her required annual rate of return is 7.5%, what is current value of the settlement?

3. BC ‘n D just paid its annual dividend of $.60 a share. The projected dividends for the next five years are $.30, $.50, $.75, $1.00, and $1.20, respectively. After that time, the dividends will be held constant at $1.40. What is this stock worth today at a discount rate of 14 percent?

Reference no: EM131880995

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