How long will it take them to recover the cost

Assignment Help Financial Management
Reference no: EM13985796

1. Kelly and Tim Brown plan to refinance their mortgage for a lower interest rate. They will reduce their mortgage payment by $83 a month. 

Their closing cost for refinancing will be $1,670. How long will it take them to recover the cost of refinancing? 

Reference no: EM13985796

Questions Cloud

Draw an aggregate supply-aggregate demand diagram : Draw an "aggregate supply-aggregate demand" diagram that shows an economy suffering from high levels of unemployment. Show the effects of the following events on the Aggregate Demand curve.
Determine the vertical component of average impulsive force : Determine (1) the vertical component of the average impulsive force exerted by the ground on his foot. (2) the horizontal frictional force. The mass of the athlete is 100kg and the coefficient of kinetic friction (μk) is 0.1.
Analyze the movie poster for citizen four : Analyze the movie poster for Citizen Four, building an argument about your interpretation of the poster. Include description for the poster and a quote from the articale to support your interpretation
Business plan for a social entrepreneurship : Completed business plan for a social entrepreneurship venturewith a detailed implementation plan for a proposed strategy complete with metrics
How long will it take them to recover the cost : Their closing cost for refinancing will be $1,670. How long will it take them to recover the cost of refinancing?
Are the president motives and actions ethical : The R&D division of Piqua Chemical Corp. has just developed a chemical for sterilizing the vicious Brazilian "killer bees" which are invading Mexico and the southern United States. Who are the stakeholders in this situation? Are the president's mot..
Discuss the guidelines for safe materials handling : With so many machines requiring monitoring of displays and controls discuss the necessity to have standardized displays and controls. Could this be a safety issue if not properly implemented?
What is accesslines competitive position in the market place : What is Accessline's competitive position in the market place - Is AccessLine an attractive investment opportunity?
Determine the tension in the cable : Determine the tension in the cable and both the horizontal and vertical componetns of the force that the hinge applies to the beam.

Reviews

Write a Review

Financial Management Questions & Answers

  Dividends are expected to grow at a constant rate

The Jackson–Timberlake Wardrobe Co. just paid a dividend of $1.10 per share on its stock. The dividends are expected to grow at a constant rate of 5 percent per year indefinitely. Investors require a return of 11 percent on the company's stock. What ..

  Increase the real rate

The CPI index increased from 244.4 to 255.9 over the year and the real rate is 4.33%. If you had $450 in the bank in the beginning of the year, how much do you have now?

  Compute the expected balance in accounts receivable

Prepare a schedule of cash collections for May through July and compute the expected balance in Accounts Receivable as of July 31.

  How does a perpetuity differ from an annuity

Give an example of a perpetuity. How does a perpetuity differ from an annuity? Explain how to determine the present value of an uneven cash flow stream.

  Best exemplifies a free trade agreement

Which of the following best exemplifies a free trade agreement?

  Compute the value of Acme Common Stock

Suppose you have a $1,000 face value bond with 12 years to maturity, a coupon rate of 6% and a yield to maturity of 8%. If the bond makes semiannual payments, what is its price today? Compute the value of Acme Common Stock if the next dividend is exp..

  Correlation coefficient between returns of the two stocks

The covariance of the returns between Willow Stock and Sky Diamond Stock is 0.0990. The variance is 0.2540, and the variance of Sky Diamond is 0.1370. What is the correlation coefficient between the returns of the two stocks?

  What are the conditions imposed on a debt issues

What are the conditions imposed on a debt issues that are designed to protect bondholders called? collatreal agreements, default provisions, protective covenants or vanilla wrapper

  Margin call price and account equity

You short sold 800 shares of stock at a price of $45 and an initial margin of 55 percent. If the maintenance margin is 30 percent, at what share price will you receive a margin call? What is your account equity at this stock price?

  How much money will you invest in stock

You have $132,000 to invest in a portfolio containing Stock X, Stock Y, and a risk-free asset. You must invest all of your money. Your goal is to create a portfolio that has an expected return of 15 percent and that has only 70 percent of the risk of..

  How much money will he eventually have

Don may not be the brightest candle on the cake. He has more taxes withheld from his pay check so he will get a large check come April from the Federal government. Well, this check came in the mail yesterday. $1,200.00 and he deposited it into a savi..

  Discuss the marketing objectives

Imagine that you are the product manager for a new electric car similar to the Chevrolet Volt or Toyota Prius. Using all of your knowledge of the new product life cycle, speculate on the stages of the life cycle your electric car will pass through, b..

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