Equation using engineering economy factors

Assignment Help Business Economics

Reference no: EM131806991

For a $85,000 mortgage with a 30-year term and a 12% nominal interest rate, write an equation using engineering economy factors for the outstanding balance after 2 years of payments?

Reference no: EM131806991

Questions Cloud

Work to keep you productive-satisfied and motivated : What worked and didn’t work to keep you productive, satisfied, and/or motivated?

Review problem on hospital rooms : Hospital Rooms When patients are admitted to hospitals, they are sometimes assigned to a single room with one bed and sometimes assigned to a double room.

Generalize widely to a large group of physiotherapy : Physiotherapy Suppose a new medicine to help patients suffering from arthritis was developed and tested. Patients voluntarily entered the study.

What is the thesis of the critical article you have chosen : What is the thesis of the critical article you've chosen? What point does the author want to make about Frankenstein?

Equation using engineering economy factors : For a $85,000 mortgage with a 30-year term and a 12% nominal interest rate, write an equation using engineering economy factors for the outstanding balance afte

What is the present worth of maintenance costs : What is the present worth (at 12%) of maintenance costs that start in year 1 at $4500 per year and then climb by $225 per year when the warranty expires.

What is the outstanding balance : After the first year of payments, what is the outstanding balance? After the first 10 years of payments, what is the outstanding balance?

Solving the problem of the sam : Assume that Sam (of Problem) receives an annual raise of $1200. Compared with Problem 3.64, how much less is his salary in year 10? Year 20? Year 30? Year 40?

What is the monthly payment : A 30-year mortgage for $140,000 is issued at a 9% nominal interest rate. What is the monthly payment? How long does it take to pay off the mortgage

User Account

All Pages