Calculate total interest

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1. It will be more likely for the project to be accepted by decreasing which one of the following? A. sunk costs B. after-tax salvage value C. depreciation tax shield D. accounts receivable requirement.

2. CNBC.com reported mortgage applications dropped in March 2015 due to an increase in the rate on 30-year fixed rate mortgages to an average of 4.01%. Dennis Natali wants to purchase a vacation home for $235,000 with 20% down. Calculate his monthly payment for a 20-year mortgage at 3.5%. Calculate total interest. (Do not round intermediate calculations. Round your final answers to the nearest cent.)

Reference no: EM131887740

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