Reference no: EM132401746
Assignment -
After reading the Seven factors that determine your mortgage interest rate By Nicole Shea.
How did it help you understand better the importance of the math topics and course materials in this chapter?
How have you grown as a math learner?
Briefly reflect upon how you may be using the content from this course in your personal and or professional life.
You have to write 4 sentences each question.
1. Assume Mr. Smith has reached retirement and has $250,000 in an account which is earning 6.5%. He would now like to make equal monthly withdrawals for the next 15 years to completely deplete this account. Find the withdrawal payment.
2. A ten-year $1,000 bond pays $35 every six months. If the current interest rate is 8.2%, find the fair market value of the bond. Hint: You must do the following.
Find the present value of $1000.
Find the present value of the $35 payments.
The fair market value of the bond = a + b.
3. An amount of $200,000 is borrowed for 5 years at a rate of 12%. Make an amortization schedule showing the quarterly payment, the quarterly interest on the outstanding balance, the portion of the payment going toward reducing the debt, and the balance.
4. Jane plans to buy a house in 10 years. The house she dreams about costs about $150,000 today. The cost of houses increases at 2.5% per year.
a. How much will the house cost in ten years?
b. Jane currently has $75,000 that she can invest to earn 3% interest over the next ten years. How much will Jane accumulate from her investment of 75,000 Dollars in ten Years?
c. How much additional money would Jane need in ten years? In effect, how much money does Jane need to borrow to purchase her house?
d. Prepare an amortization table to pay off Jane's mortgage, if she can borrow at an annual rate of 6.5% to pay off the mortgage quarterly in 5 years after buying the house.
Attachment:- Assignment File.rar
|
Create a poster to make the user aware of the key indicators
: Using the list of possible, probable, and definite indicators of an incident, draft a recommendation to assist a typical end user in identifying.
|
|
Positive effects of the marriott loyalty program
: Doug is anxious to reach the 1 million point level in his Marriott rewards program so he can take his wife on an around-the-world vacation.
|
|
Why should large company use system for inventory management
: Why should a large company use a system for inventory management? How are inventory management systems used to forecast inventory?
|
|
Examine the benefits of defense in depth
: Examine the benefits of defense in depth related to cloud based systems in the event of a malicious attack. 500 words, APA required, SafeAssign used.
|
|
Find the withdrawal payment
: Assume Mr. Smith has reached retirement and has $250,000 in an account which is earning 6.5%. Find the withdrawal payment
|
|
Explain fire protocols which are implemented into phases
: Fire is one of the most devastating elements that can destroy the physical components of an entity quickly. Explain some of the fire protocols that should be.
|
|
Who do you believe is winning the innovation war
: In terms of the smart phone market segment, who do you believe is winning the 'innovation war', Samsung or Apple? Why? Others can weigh in.
|
|
Consumers perceptions of the quality huy fong sriracha sauce
: What does this mean for consumers perceptions of the quality Huy Fong sriracha sauce?
|
|
Do you feel facebook and google are in violation
: For this forum, discuss your belief on "tech giants" violating antitrust laws. Do you feel Facebook, Google, Amazon, Apple, Microsoft etc. are in violation
|