User Account

All Pages

How much is the monthly repayment

Assignment Help HR Management
Reference no: EM133109586

Now that they have accumulated a deposit of 55,000 Jack and Jill take out a housing loan to purchase a home. The house costs $755,000. It is to be repaid in equal monthly instalments over a term of 30 years. The interest rate quoted by the bank is an effective annual rate is 7.5%pa. Jack has lost the paperwork showing the annual nominal rate (j12 ) with monthly compounding.

-How much is the monthly repayment?

-How much do Jack and Jill owe the bank immediately before making the 130th repayment?

-After making the 150th repayment Jack and Jill receive an amount of $50,000, which they use to reduce their loan. The bank allows them to make the same monthly payment. How much will the term of the loan be reduced by if the interest rate remains the same?

Reference no: EM133109586

Questions Cloud

How much is the initial payments : Amber sold her personal property in 2019, with details as follows: Cost 600,000 and Mortgage assumed by the buyer 350,000. How much is the initial payments
What is big bird required return : Big Bird has securities that have a beta of 2.55. If the market return is expected to be 7.45 percent and the risk-free rate is 2.35 percent
What is the stock value per share : If The Justice League has 20 million shares of stock outstanding, what is the stock's value per share?
What are barriers to entry : What are "Barriers to Entry" and how does it help or hinder MNCs?
How much is the monthly repayment : Now that they have accumulated a deposit of 55,000 Jack and Jill take out a housing loan to purchase a home. The house costs $755,000. It is to be repaid in equ
Deceptive warranty and advertising : You will be researching two lawsuits in the legal database. One based on a defective and unsafe product and one based on deceptive warranty and advertising
Sugar growers corp-required rate of return : Sugar Growers Corp. currently pays a dividend of $2 per share, and this dividend is expected to grow at 15% annual rate for 3 years, then at 10% for the next 3
Is there an arbitrage opportunity : Is there an arbitrage opportunity? Answer yes or no. Use Put-Call parity to prove your answer.
Calculate risk-neutral probability of up and down movement : Calculate risk-neutral probability of up and down movement in 1-period.

Reviews

Write a Review

HR Management Questions & Answers

  Explain consequences small business owners

Explain consequences small business owners face when they do not adhere to the objective of fairness when remunerating employees. Also mention the applicable af

  Initial expression of interest in the internship

The Professional Manager magazine has an advertisement for management internships in a multinational automotive company, which produces iconic vehicles and has

  Identify an organisation standards and values

Read the question carefully. You must be able to address each task correctly to complete this assessment satisfactorily.

  What are steps taken by management for changing culture

Changing organization culture is a challenging task. What are the steps taken by management for changing their organizational culture effectively?

  What are the future implications of the topic

Analyze the topic and apply it to concepts learned to date, Apply concepts and research to student experience and experience of your employer and What are the future implications of the topic?

  Personal and business-related cybersecurity scenarios

Objective: Analyze personal privacy issues related to various personal and business-related cybersecurity scenarios.

  Differences between qualitative and quantitative research

What are the five main differences between qualitative and quantitative research?

  Analyze relationships among ethics and employee engagement

Analyze the relationships among regulation (controls), ethics, and employee engagement. How can HRM best manage these relationships

  What are the benefits of implementing the initiatives

What are the benefits of implementing these initiatives? Be sure to respond to at least one of your classmates' posts. What are the benefits of implementing.

  Determine the top-two aspects of the selection process

Determine the top-two (2) aspects of the selection process that you would focus on when selecting candidates for positions in an organization where you work or another company where you are familiar, and explain your rationale.

  Determine the types of compensation

Why do you think it is easier to explain a $2 million pay-out to Tiger Woods for working 4 days to win a Masters Championship than it is to explain why CEO at F

  Professional responsibilities of hr professionals

Describe the professional responsibilities of HR professionals.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd