Calculate the monthly payment

Assignment Help Finance Basics
Reference no: EM133120880

A) You want a commercial property for $320,000. You will finance 80% of the purchase price using 5% as the interest on your 30 year fixed mortgage. Calculate the monthly payment.

B) Next calculate the payment using the same 5% as the interest but for a 15- year mortgage

Reference no: EM133120880

Questions Cloud

How is the interest rate charged on the loan : How is the interest rate charged on the loan affected by the potential bankruptcy costs?
Effectively communicate how you would lead organization : Effectively communicate how you would lead an organization (or a group of people within the organization) by applying the knowledge you have learned ethically
Discuss your experience with either mhealth or ehealth : Discuss your experience with either mHealth or eHealth and be sure to identify which one/ones you have used and did you find it helpful
How much do you owe on the mortgage today : You have decided to refinance your mortgage. You plan to borrow whatever is outstanding on your current mortgage. The current monthly payment is $2,674 and you
Calculate the monthly payment : You will finance 80% of the purchase price using 5% as the interest on your 30 year fixed mortgage. Calculate the monthly payment.
What would the share price be : Dividend growth model - A company's share is trading at 57 and dividend paid last year was of 4 per share. What would the share price be
Compute the npv and irr : In addition to calculating the project cash flows, compute the NPV and IRR. Given a 10% cost of capital, would you recommend pursuing the project?
Extent of the applicability of social political theory : Explain the extent of the applicability of social political theory in any economy
Current value of the residence : The current value of the residence is $550,000. The balance of the 30-year mortgage at 5.5% is $260,514. The land value is $150,000.

Reviews

Write a Review

Finance Basics Questions & Answers

  Shares remaining after recapilillizatian

Dye Trucking raised $220 million in new debt and used this to buy back stock. After the recap, Dye's stock price is $5.50. If Dye had 50 million shares of stock

  Would changes in cost of capital ever cause a change in irr

What is the logic behind the NPV capital-budgeting framework? Would changes in the cost of capital ever cause a change in the IRR ranking of several projects?

  Compute tom tax shield from the mortgage interest

RES3200 Residential Underwriting & Valuation Assignment. Tom paid $10k in mortgage interest and $4k in property taxes last year. His average tax rate is 20%, his marginal tax rate is 35%. Compute Tom's tax shield from the mortgage interest and prop..

  Difference between venture capital and private equity firms

What is the difference between venture capital firms and private equity firms? What roles do they play in the financial system?

  Determining the value of the property

A property has net operating income of $220,000. A lender offers an 8 percent, 20-year, fully amortizing mortgage loan.

  Examine reproductive technologies

a) one technology that enhances reproductive potential b) one technology that reduces reproductive potential

  Calculating a bonds yield to maturity

Amazon has a bond with a 10% annual coupon rate, 15 years to maturity and a par value of $1000. The current price is $928.09. Calculate the Yield to Maturity.

  How can try to neutralize the factor within the portfolios

How can try to neutralize the factor within the portfolios. Behavioral finance has an impact on portfolio management specially in times of higher volatility

  Find the risk premiums for each factor

Assume stock returns can be explained by a two-factor model information for two diversified portfolios. The risk free rate is 4%

  What is the amount of each payment

Ashea is a 22 year old senior who used the Stafford loan program to borrow $4,000 four years ago when interest rates were 4.06% per year. $5,000 was borrowed.

  What are the secondary market proceeds of a cd

What are the secondary market proceeds of a CD with a face value of EUR 5 million and a coupon of 3%

  Preparation of financial or statistical reports

List 15 considerations in the preparation of financial or statistical reports.

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