Find the total monthly payment for the mortgage

Assignment Help Finance Basics
Reference no: EM133004993

Suppose you obtain a 30 year mortgage loan of 194,000 at an annual interest rate of 8.4%. The annual property tax bill is $975 and the annual fire insurance premium is $484. Find the total monthly payment for the mortgage, property tax, and fire insurance. round answer to nearest cent.

Reference no: EM133004993

Questions Cloud

Estimating the growth rate of dividends : One common method of estimating the growth rate of dividends is to
Describe how the covid19 pandemic impact : Describe how the COVID19 Pandemic's impact on the share market, could help trigger a financial crisis.
How is valuation of baseball players similar to valuation : How is the valuation of baseball players similar to the valuation of stock?
Find key financial ratios : -Please discuss and elaborate on two (2) key financial ratios that can be used to faciltiate financial/investment analysis.
Find the total monthly payment for the mortgage : Suppose you obtain a 30 year mortgage loan of 194,000 at an annual interest rate of 8.4%. The annual property tax bill is $975 and the annual fire insurance pre
Explain how does the introduction of a risk-free asset : Explain how does the introduction of a risk-free asset to a market of risky assets modify investors choices of a portfolio
Describe the characteristics of firms : (a) A firm has positive free cash flow and a net dividend to shareholders that is less than free cash flow. What must it do with the surplus of the free cash fl
Securitization facilitate market completeness : Explain how loan commitments and securitization facilitate market completeness. Why is this valuable in a return/risk context for the lender and the borrower (i
What is the total initial cash outflow : Your corporation is considering replacing older equipment. The old machine is fully depreciated and cost $54,779.00 seven years ago. The old equipment currently

Reviews

Write a Review

Finance Basics Questions & Answers

  What basic financial statements would russell have examined

what is one source that Russell could have consulted to ensure that the company's financial measures were on track with the average company within industry

  What is your estimate of intrinsic value of beraneks stock

You are an analyst studying Beranek Technologies, which was founded 10 years ago. Assuming a required return of 15.00%, what is your estimate of the intrinsic value of Beranek's stock?

  Reviewing the business plan prior to budget preparation

You are preparing to establish budgets.List three questions you might ask yourself when reviewing the business plan prior to budget preparation

  What is the total amount of wealth

What is the total amount of wealth you need in 30 years? How much should you set aside year end to meet needs assuming you'll save 4% more each year (no taxes)?

  What is the total market value of debt

Jiminy's Cricket Farm issued a 30-year, 7.6 percent semiannual bond 5 years ago. The bond currently sells for 84.5 percent of its face value. The book value of this debt issue is $109 million.

  Assume that you need 1000000 to work with and you approach

assume that you need 1000000 to work with and you approach a bank for a loan. the loan is a discount loan discount rate

  Calculate amount of the gain

An accountant, whose entire practice consists of real estate agents and real estate developers, bought, on the advice of a client, a parcel of raw land 2-years ago for $50,000.

  Dollar size of the issue

D. Butler Inc. needs to raise $14 million. Assuming that the market price of the firm's stock is $95, and flotation costs are 10 percent of the market price, how many shares would have to be issued? What is the dollar size of the issue?

  Mind blowers inc has a new project in mind that will

mind blowers inc. has a new project in mind that will increase accounts receivable by 28000 decrease accounts payable

  Expected return and standard deviation

You have $10,000 for investment. What are the expected return and standard deviation for a portfolio with an investment of $6,000 in asset X and $4,000 in asset Z?

  Calculate today real fx value of the usd adjusted

Calculate today's real FX value of the USD adjusted for the past three year's inflation differential (show all working).

  Examines the relationship between the quality of breakfast

Each of the following studies examines the relationship between the quality of breakfast and academic performance for third-grade children.

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