How much money do you receive from the buyer

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Reference no: EM131878400

1. a. For a loan of $175,000, 8% interest (annual); 30 years (with monthly payments), if you pay an extra $400 per month, in what time period will you pay off the loan?

b. For a loan of $250,000 at 6% annual interest, with monthly payments over 15 years, if you pay an additional $100 in principle per month, how much total interest will you pay over the life of the loan?

c. If you pay an extra $75 per month in principle, how much LESS interest will you pay over the life of the following loan: Loan amount--$180,000; 30 years (monthly PMT); 7% annual rate of interest?

Please answer all.

2. Selling Stock with a Limit Order You would like to sell 300 shares of Pfizer, Inc.(PFE). The current bid and ask quotes are $27.29 and $27.32, respectively. You place a limit sell-order at $27.31. If the trade executes, how much money do you receive from the buyer?

$8,196

$8,187

$8,193

$16,383

Reference no: EM131878400

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