Aunt tillie has agreed to loan you 10000 for the down

Reference no: EM13621597

Aunt Tillie has agreed to loan you $10,000 for the down payment on a home. You have decided to structure the loan, so that the payment amount remains constant through the term of the contract and you can budget for a consistent loan payment each month.

With regard to the loan for a down payment on your mortgage, what drawback exists with the loan you want compared to a loan in which payments decrease through the term of the loan?

Higher interest payments
a longer term
A larger down payment
Less interest expense deduction for income tax purposes

Reference no: EM13621597

Questions Cloud

In order to estimate the difference in the yearly incomes : in order to estimate the difference in the yearly incomes of marketing managers in the east and west of the united

Famas llamas has a weighted average cost of capital of 102 : famas llamas has a weighted average cost of capital of 10.2 percent. the companys cost of equity is 14 percent and its

A sheet of glass has nred 152 and nviolet 155 a narrow : a sheet of glass has nred 1.52 and nviolet 1.55. a narrow beam of white light is incident on the glass at 30 degrees.

The ground-to-air missle battalion needs people with a : the army gives a battery of exams to all new recruits. one exam measures a persons ability to work with technical

Aunt tillie has agreed to loan you 10000 for the down : aunt tillie has agreed to loan you 10000 for the down payment on a home. you have decided to structure the loan so that

Determine the maximum theoretical power that can be : steam at mpa 500 degrees c enters an insulted turbine operating at steady state with a mass flow rate of 7 kgs and

Flly explaindiscuss the fama-french three factor model : fully explaindiscuss the fama-french three factor model. assuming the model is reasonably valid how should equity

Here are the golf scores of 12 members of a college womens : here are the golf scores of 12 members of a college womens golf team in two rounds of tournament play. a golf score is

A person sees clearly wearing eyeglasses that have a power : a person sees clearly wearing eyeglasses that have a power of -5.00 diopters when the lenses are 1.65 cm in front of

User Account

All Pages

Aunt tillie has agreed to loan you 10000 for the down

Reference no: EM13621597

Reference no: EM13621597

Questions Cloud

Reviews

Write a Review

Finance Basics Questions & Answers

Financial reporting and analysis

A report on financial accounting

Describe the types of financial ratios

Differences between sole proprietorship and corporation

Prepare a cash budget statement

What are the implied interest rates

State pricing theory and no-arbitrage pricing theory

Small business administration

Effect of financial leverage

Evaluate the basis for the payment to the lender

Importance of opps, ipps, mpfs and dmepos

Time value of money

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT