User Account

All Pages

How much was the total payment of the entire loan

Assignment Help Accounting Basics
Reference no: EM133157237

Question - Make sure that the loan is set to $200,000 with the interest rate to 3.5% and also make this a variable rate with 7 years fixed interest, term 30 years. Variable rate ARM loans usually have lower interest rates, but after 7 years - assume the interest rate goes up by .25%.

If you pay an extra $350 a month and pay $35,000 additional payment on the 85th month (or right after 7 years)

a) How much interest will you save?

b) What date will the entire loan get paid?

c) How much taxes will you save?

d) What is the loan balance on year 18?

e) How much was the total payment of the entire loan?

f) How much was the total interest payment?

Reference no: EM133157237

Questions Cloud

How much revenue does gondor need to generate : Monthly fixed costs are $15,277. How much revenue does Gondor need to generate with the new price so that the company breaks even
What is the value of closing inventory on february : On 1 February 2022, the Merchandise Inventory Account of Ngula (Pty) Ltd reflected a balance of R30,000. What is the value of closing inventory on February
Journalize the transactions under perpetual inventory method : Journalize the following transactions under the perpetual inventory method. The company's Cost of Goods Sold is 55% of Sales. Ignore Taxes
Explain the racial discrimination issue with black employees : In a lawsuit with Google explain the racial discrimination issue with black employees and some ways Google is dealing with the problem. Make a hypothesis how ma
How much was the total payment of the entire loan : Variable rate ARM loans usually have lower interest rates, but after 7 years - assume the interest rate goes up by .25%. How much was total payment of the loan
Government agency that manages workplace regulations : For this week's discussion, select a Government Agency that manages workplace regulations. Search their website and locate a publication of your choice.
What do you understand by the term scabs : Fairness on the line: the case for anti-scab legislation in Canada
Explain the consumers environment : With relevant examples explain the consumers' environment.
Write an analysis of margaret wheatley theories : Write an analysis of Margaret Wheatley's theories and perspectives on leadership and organizations.

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

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