How many discount points must be charged by the lender

Assignment Help Financial Management

Reference no: EM131322473

How many discount points must be charged by the lender so that the effective yield on a 25-year fixed rate mortgage rate is 15% if the nominal interest rate is 14%?

Reference no: EM131322473

Questions Cloud

Principal-only mbs and interest-only mbs : (Principal-Only MBS and Interest-Only MBS) Referring to the previous question, what is the average life of the IO MBS? Submission Guideline: Give your answer in years rounded to two decimal places.

Draw a stratified random sample of 10 boys and 10 girls : Using the table of random numbers in Appendix A-1, draw a stratified random sample of 10 boys and 10 girls from the given population:

Find a linear function : Where T is the temperature in degrees Celsius. Find a linear function that approximates the speed of sound for temperatures near 0°C.

Prepare a research about the electronic health record : Physicians have been very vocal about their issues with the Electronic Health Record. Do some Internet research and share one or two physicians' issues.

How many discount points must be charged by the lender : How many discount points must be charged by the lender so that the effective yield on a 25-year fixed rate mortgage rate is 15% if the nominal interest rate is 14%?

Describe and explain scenes that apply to the social theme : Provide a brief introduction that includes the program's title, describes the type of program, and explains which social theme you are addressing. Describe and explain scenes that apply to the social theme

Assuming daily repayment and compounding rate of interest : You borrow a $328,000 add-on interest loan from the credit union and will repay in equal installments over 19 years. The nominal rate of interest is 4.5 %. Assuming daily repayment and compounding rate of interest, obtain the annual percentage rate.

Organization to your employees : As a manager, how important do you think it would be to share the financial condition of your organization to your employees? What benefits and/ or problems do you see by doing so?

Received bailout money improved their profitability : Please discuss. The financial institutions in the USA that received bailout money improved their profitability. Did the tax payers receive the appropriate return on their investment?

User Account

All Pages