Determine the monthly payments for a 30 year loan

Assignment Help Basic Computer Science

Reference no: EM131221012

You want to buy a $300,000 home with 20% down payment. The current compound interest rate is 4.5%.

a. Write a script to determine:

• the monthly payments for a 30 year loan,

• the equivalent simple interest rate,

• the total interest paid over the life of the loan.

b. Now, repeat the computation for a 15 year loan at 5%. Is this a better deal?

Reference no: EM131221012

Questions Cloud

Do some research on the consumer financial protection bureau : How do existing and proposed regulations affect the fees and interest you pay if you are late paying a credit card bill, transfer a balance between cards, or take a cash advance?

How many d cell alkaline batteries would be needed for this : How many D cell alkaline batteries would be needed for this?

Direct effects of goals on strategy : Direct Effects of Goals on Strategy There are four ways that goals directly affect negotiation. Provide an example of a negotiation situation from the experience, where one of the four ways directly impacted the selection of your strategy.

Do some research on adjustable rate mortgages : Do some research on adjustable rate mortgages. One source is Freddie Mac's Annual ARM Survey.- Since 2009, when ARMs were 3 percent of prime mortgages, has this percentage remained low or risen?

Determine the monthly payments for a 30 year loan : You want to buy a $300,000 home with 20% down payment. The current compound interest rate is 4.5%.

Describe a unique product : Describe a unique product that is needed and explain how marketing helped met that need?

How will you record information : Briefly describe (1-2 paragraphs) the time line/methods you plan to use to complete the Course Project. When and how will you reach out to your resources? How will you record information? When and how will you consolidate information into your fin..

Write a cpp program to declare two integer : Write a C++ program to declare two integer , one float variables and assign 10, 15, and 12.6 to them respectively. It then prints these values on the screen.

How strong is relation between ipos and shareholder rights : How strong is the relation between IPOs and shareholder rights? - Are there exceptions to the usual relation? What might explain these exceptions?

User Account

All Pages