Compute the real interst rate for the loan

Assignment Help Econometrics

Reference no: EM13219105

John Smith bought a house for $100,000 two years ago. The down payment was $20,000 and the remainder was financed at 6%interest ratefor 15 years. The annual inflation rate for the past 2 years has been 2% and it is anticipated to remain at this rate for the next 13 years. Compute the real interst rate for this loan.

Reference no: EM13219105

Questions Cloud

What was cost the year before installation of transducers : Ford Motor Company was able to reduce by 80% the cost required for installing data acquisition instrumentation on test vehicles by using MTS-developed spinning wheel force transducers. (a) If this year's cost (i.e., end of year 1) is expected to be..

Calculate the electron : A new semiconductor has Nc = 1019 /cm3 and Nv=5 x 1018, and Eg = 2eV. If it is doped with 1017 donors (fully ionized), calculate the electron, hole, and intrinsic carrier concentrations at 627K.

What instruction is used to change the opacity : In animation programs, special effects are achieved by changing the properties of objects. What instruction is used to change the opacity and color properties of objects in the Zeus example world?

Create a cron file that will regularly perform : Create a cron file that will regularly perform the following backups:?

Compute the real interst rate for the loan : John Smith bought a house for $100,000 two years ago. The down payment was $20,000 and the remainder was financed at 6%interest ratefor 15 years. The annual inflation rate for the past 2 years has been 2% and it is anticipated.

Does the fear of social loafing play a role : Defend your view why do many college students try to avoid group work if they are given a choice? Does the fear of social loafing play a role? What other factors in groups or team work play a role?

Prepare a cobol program : The purpose of this iLab assignment is to read data from a sequential file and produce a detail list of the records with simple formatted output (no headings and totals). In addition

Calculate line voltage rms : Three-phase inverter has Y-connected load of 10 ohm and 23mH inductance. The inverter frequency is 60Hz and the dc input voltage is 200v. Calculate line voltage rms? , Phase voltage, rms?

Type of organism are there victims of this type of crime : A doctor has applied for a new patent on new technology involving the use of advanced computers to create a new type of organism are there victims of this type of crime

User Account

All Pages