Flipping investment properties in flagstaff

Assignment Help Finance Basics
Reference no: EM132509858

Andrew has been working with his Uncle Al over the past few years flipping investment properties in Flagstaff. This has been a very profitable endeavor for Al. As a thank you for all of Andrew's hard work, Al decided to gift Aisling and Andrew $10,000 toward the purchase of the bunker.30 year mortgage with a 3.95% ARP or a 15-year mortgage with a 2.85% APR. and the down payment was $42,718.57.

If Aisling and Andrew decide to put Uncle Al's gift toward their down payment, how will this affect the total amount they would pay over the life of the loan for each loan option?

Reference no: EM132509858

Questions Cloud

Implementing change business case : Analyze the desired result or goal. Analyze who will be affected by the change. Identify the company you chose to interview for your research.
How much of the home improvements are deductible : The improvements decreased the FMV of the home by $10,000. How much of the home improvements are deductible
Determining the expected return on the market : A stock has an expected return of 13.4 percent, its beta is 1.20, and the risk-free rate is 4.4 percent. What must the expected return on the market be?
Compute the retained earnigs : Compute the retained earnigs. Shenika Salon & Spa, Inc. hired a bookkeeper who prepared the following Balance Sheet Assets Liabilities Current Assets
Flipping investment properties in flagstaff : Andrew has been working with his Uncle Al over the past few years flipping investment properties in Flagstaff. This has been a very profitable endeavor for Al
Write memo to terry claire outlining the issues : Write memo to Terry Claire outlining the issues that Terry should consider before deciding on the appropriate course of action regarding the sandwich
Explain the activities that occur when initiating project : Explain the activities that occur when initiating a project. As a Project Manager for Kingston-Bryce Limited you have been assigned to create a business case.
Determine the return on equity for the policy 1 : Robinson Corporation is deciding whether to pursue an aggressive or conservative working capital investment policy. The following information is available:
Compute the billing for september : Compute the billing for September/October 201 / for Russell Brady and Collin Bennet allocating OH on the basis of a single cost-driver

Reviews

Write a Review

Finance Basics Questions & Answers

  What was the percentage change in mexican peso

Mexican Peso Changes. In December 1994, the government of Mexico officially changed the value of the Mexican peso from 3.2 pesos per dollar to 5.5 pesos.

  Calculate the npv of this investment

Calculate the NPV of this investment. (Round intermediate calculations to 4 decimal palces, e.g. 0.5275 and final answer to 2 decimal places, e.g. 15.25.)

  Discuss the principal of value additivity

Notice that the cash flow stream starts out as a three-year regular annuity, but it then changes into a seven-year graduated annuity plus a lump sum in year 10.

  Understanding business research terms and concepts

Research at least three quantitative data collection instruments and sampling methods available to researchers using the text and additional resources from the University Library.

  What is karous income tax savings over the life of the loan

What is Karou's income tax savings over the life of the loan if she chooses to use her home equity line of credit to finance the purchase of her new car?

  Make a statement of cash flows

The Sally Company's income statement is given below. Determine the Fixed Charge Coverage Ratio and Net Profit Margin.

  What will be its per-share dividend in 2009

The company had a 40% dividend payout ratio in 2008. If Bowles wants to maintain this payout ratio in 2009, what will be its per-share dividend in 2009?

  What is the probability parents assisted with paying rent

What is the probability that parents provided financial assistance for their adult children by either helping buy a car or pay rent (to 2 decimals)?

  Expanded analysis-toyota motors

Make an expanded analysis on financial statements of Toyota Motors. Please employ the most current financial statements available on www.sec.gov.

  Self-insure its workers compensation loss exposure

During a "hard" insurance market, a manufacturing company decided to self-insure its workers compensation loss exposure. The company hired a third party to administer the workers compensation claims.

  Measuring and managing value

CT computers INC. is considering whether to begin offering customers the option to have their old personal computers recycled when they purchase new systems. The recycling  system would require CT to invest $600,000 in the grinders and  magnets used ..

  What is lou''s payables deferral period (dpo)

Lights Out Utilities (LOU) purchases $15,000 in raw materials from its suppliers each day. LOU's accounts payable turnover is 12.

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