Determine the monthly principal and interest payment

Assignment Help Financial Management
Reference no: EM131591262

Determine the monthly principal and interest payment for a 15-year mortgage when the amount financed is $95 comma 95,000 and the annual percentage rate (APR) is 8..0%. Click here for table of Monthly Payments LOADING... The monthly principal and interest payment is $ nothing. (Round to the nearest cent as needed.) Rate % 10 15 20 25 30 5.0 $10.60555 $7.90794 $6.59956 $5.84590 $5.36822 5.5 $10.85263 $8.17083 $6.87887 $6.14087 $5.67789 6.0 $11.10205 $8.43857 $7.16431 $6.44301 $5.99551 6.5 $11.35480 $8.71107 $7.45573 $6.75207 $6.32068 7.0 $11.61085 $8.98828 $7.75299 $7.06779 $6.65302 7.5 $11.87018 $9.27012 $8.05593 $7.38991 $6.99215 8.0 $12.13276 $9.55652 $8.36440 $7.71816 $7.33765 8.5 $12.39857 $9.84740 $8.67823 $8.05227 $7.68913 9.0 $12.66758 $10.14267 $8.99726 $8.39196 $8.04623 9.5 $12.93976 $10.44225 $9.32131 $8.73697 $8.40854.

Reference no: EM131591262

Questions Cloud

Which ethical theory focuses on the motives : Which ethical theory focuses on the motives, intentions, and character of the moral agent?
Review the five stage model of team development : Review the five stage model of team development in the required reading - Describe a project that you are involved with right now, and the stage that the project team is currently in.
What is the future value if payments are ordinary annuity : What is the present value of the payments if they are in the form of an ordinary annuity? What is the future value if the payments are an ordinary annuity?
Why project sponsor is one of the most important stakeholder : Describe why the project sponsor is one of the most important stakeholders, and what a project manager should do to keep them informed of the status of a project.
Determine the monthly principal and interest payment : Determine the monthly principal and interest payment for a 15-year mortgage when the amount financed is $95 comma 95,000 and the annual percentage rate (APR) is
In contemporary risk analysis : In contemporary risk analysis:
Provide the missing line of code and indicate where it goes : What would be the first argument of csc_abc_prepare() and what would be the first argument of csc_abc_dolt()?
What is standard deviation of returns : What is standard deviation of these returns?
Interest is compounded semianually : Interest is compounded semianually. Find the amount in the account and the interest earned after the given time.

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

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