An investor obtained a fully amortizing mortgage five years ago for $175,000 at 11.5% for 30 years. Mortgage rates have dropped so that a fully amortizing 20-year loan can be obtained at 10%. There is no prepayment penalty on the mortgage balance of the original loan, but 3 points will be charged on the new loan and other closing costs will be $3000. All payments are monthly. What is the effective "return" earned by the investor if he refinances

Chuck, a single taxpayer, earns $80,750 in taxable income and $30,750 in interest from an investment in city of heflin bonds. (use the u. s. tax rate schedule.) (do not round intermediate calculations. round your answers to 2 decimal places.)

Acorporation a. can use different depreciation methods for tax and financial reporting purposes b. must use the straight - line depreciation method for tax purposes and double declining depreciation method financial reporting purposes c. must use different depreciation method for tax purposes, but strictly mandated depreciation methods for financial reporting purposes d. can use straight- line depreciation method for tax purposes and macrs depreciation method financial reporting purposes

Which of the following has the largest impact on opportunity cost