How much will debora still owe after making the 24th payment

Assignment Help Econometrics

Reference no: EM13208768

Deborah Milstead is considering buying a home for $200,000

a) if she makes a down payment of $50,000 and takes out a mortgage on the rest of the money at 7.8% compounded monthly, what will be her monthly payment to retire the mortgage in 15 years?

b) consider the 24th payment. How much will the interest and principle payements be?

c) How much will she still owe after making the 24th payment

Reference no: EM13208768

Questions Cloud

Why does this type of delegation make sense : Which is preferable, to delegate permissions to an individual or to a group? Why does this type of delegation make sense?

Convert each section using the formula : Convert each section using the formula b * 2^2 + b * 2^1 + b* 2^0 and you get the octal number 766. Similarly, 2^4 = 16 so to convert a number from binary to hexadecimal all that is necessary is to start at the right of the number,

Determine what will the initial monthly payment : you borrow $120,000 with a 30-year term at a 9% (APR) variable rate and the interest rate can be changed every 5 years. a) what will the initial monthly payment b) if the leader's interest rate is 9.75% (APR) at the end of 5 years, what will the new ..

Under what circumstances would you want to convert a text : Why do you think you would want to count variables and words in a string? Provide an example. Under what circumstances would you want to convert a text string to a numerical data? Provide an example. provide specific examples please.

How much will debora still owe after making the 24th payment : Deborah Milstead is considering buying a home for $200,000 a) if she makes a down payment of $50,000 and takes out a mortgage on the rest of the money at 7.8% compounded monthly, what will be her monthly payment to retire the mortgage in 15 years

Design the class doctortype : Design the class doctorType, inherited from the class personType, with an additional data member to store doctors speciality. Add appropriate constructors and member functions to initialize, access, and manipulate the data members.

What are the implications for companies seeking to learn : Mark Jamison of Kimberly Clark notes that it is business processes and not the technology (e.g RFID)itself, what bring value to the supply chain.What does he means by that. what are the implications for companies seeking to learn from the likes of..

Calculate the theoretical value of the forward contract : Calculate the theoretical value of the forward contract. Compare and comment and calculate the value of the option by using the BlackOScholes formula.

How often should the extraction process be performed : How often should the extraction process be performed? Should it be static extract or an incremental extract?

User Account

All Pages