You need a 25-year, fixed-rate mortgage to buy a new home for $240,000. Your mortgage bank will lend you the money at a 8.6 percent APR for this 300-month loan. However, you can afford monthly payments of only $800, so you offer to pay off any remaining loan balance at the end of the loan in the form of a single balloon payment. Required: How large will this balloon payment have to be for you to keep your monthly payments at $800?
Answers: 2
Business, 21.06.2019 13:00, mimithurmond03
What is the percentage change in price for a zero coupon bond if the yield changes from 6.56.5% to 5.55.5%? the bond has a face value of $1 comma 0001,000 and it matures in 1010 years. use the price determined from the first yield, 6.56.5%, as the base in the percentage calculation?
Answers: 2
Business, 21.06.2019 19:20, salvadorperez26
You wish to buy a cabin in 15 years. today, the cabin costs $150,000. you believe the price of the cabin will inflate at 4% annually. you want to invest a single amount of money (lump sum) today and have the money grow to equal the future purchase price of the cabin 15 years from now. if you can earn 10% annually on your investments, how much do you need to invest now, in order to be able to purchase the cabin?
Answers: 3
Business, 22.06.2019 23:10, katrinanuez
Which investment has the liquidity and can be converted into cash easily?
Answers: 2
You need a 25-year, fixed-rate mortgage to buy a new home for $240,000. Your mortgage bank will lend...
Physics, 11.12.2019 23:31