How long will it take them to recover cost of refinancing

Assignment Help Accounting Basics
Reference no: EM132072955

Question - Kelly and Tim Browne plan to refinance their mortgage to obtain a lower interest rate. They will reduce their mortgage payments by $170 a month. Their closing costs for refinancing will be $2,120.

How long will it take them to recover the cost of refinancing?

Reference no: EM132072955

Questions Cloud

Calculate the exact price change : Calculate the exact price change for a 100bp increase in the bond yield.
Examine agency and employment relationships : Demonstrate college-level communication through the composition of original materials in Standard English.
What are caroline''s weekly fixed costs : The following information pertains to Caroline Company's weekly activity and total costs: What are Caroline's weekly fixed costs
Research the judicial selection process for different court : Using the Internet or Strayer databases, research the judicial selection process for different court systems from different states within the U.S. Court System.
How long will it take them to recover cost of refinancing : Kelly and Tim Browne plan to refinance their mortgage to obtain a lower interest rate. How long will it take them to recover the cost of refinancing
Analyze the provisions of the sarbanes-oxley act : Determine the primary factors that contributed to the downfall of Enron's financial practices.nalyze the provisions of the Sarbanes-Oxley Act.
The principal portion first exceed the interest portion : During what month does the principal portion first exceed the interest portion? Are you surprised by your answer?
Calculate the annual deposit : Calculate the annual deposit. Calculate the amount needed if only equal annual deposits are made on birthday’s 5-10 inclusive.
What are some of the pitfalls to be aware : What is your plan for this assignment? What are some of the pitfalls to be aware of when interviewing children - How will you protect your actions for later

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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