How much would the equal payments be

Assignment Help Finance Basics
Reference no: EM13272981

Paulk purchased a home for 150,000.he paid 30,000 down and agreed to pay the rest in equal payments over 15 equal end of year payments at 11percent compound interest on the unpaid balance. How much would the equal payments be?

Reference no: EM13272981

Questions Cloud

Which field is the strongest and why : A current of 2.0 A is flowing along the z-axis in the positive z direction from the origin to z=-2 m. Find the magnetic field, Which field is the strongest and Why
Calculate the magnitude of the average emf : A 119-turn circular coil of radius 2.01 cm is immersed in a uniform magnetic field that is perpendicular to the plane of the coil. calculate the magnitude of the average EMF
What rate of return does your loan receive : You lend 50,000 which your friend will repay in 12 equal payments of 8,000.First payment to be received in 1 year from now. What rate of return does your loan receive?
Which two investments would offer him growth : Barry is retired. Barry would like to invest some of his money on behalf of his 4 grand kids. Which two investments would offer him growth? US Treasury Securities, Mutual Funds, Call Contracts, Index Funds. Explain your anwser.
How much would the equal payments be : Paulk purchased a home for 150,000.he paid 30,000 down and agreed to pay the rest in equal payments over 15 equal end of year payments at 11percent compound interest on the unpaid balance. How much would the equal payments be?
Compute the magnitude and direction of the magnetic field : Two electrons, both with speed 1.0x10^4 m/s, are shot into a uniform magnetic field. The first is shot from the origin out along the + x-axis, compute the magnitude and direction of the magnetic field
Through what angle does the blade turn : A blender is switched to a lower speed and the angular velocity of its blade decreases uniformly from 52 rad/s to 12 rad/s. Through what angle does the blade turn during this time
How high up the hill do the two blocks slide : A 3 kg block initially traveling at 5 m/s collides with a 1 kg block (initially at rest) sitting near the base of a hill. how high up the hill do the two blocks slide after the collision
Find the speed of the center of mass of the sphere : A uniform solid sphere of mass 1.5 kg and diameter 30.0 cm starts from rest, What is the speed of the center of mass of the sphere when it reaches the bottom of the incline

Reviews

Write a Review

Finance Basics Questions & Answers

  What is the expected return and standard deviation

Denard has two investment opportunities. He can invest in The Sunglasses Company or The Umbrella Company. What is the expected return and standard deviation of each company?

  How much rachel take as a miscellaneous itemized deduction

How much can rachel take as a miscellaneous itemized deduction subject to the 2 percent floor?

  Determine the present value

What annual interest rate was used to determine the present value of the $1 billion prize?

  Computation of present value

Determine the present value of your trust fund if it promises to pay you $50,000 on your 40th birthday seven years from today  and earns 10 percent compounded annually

  What is the subscription price

Keira Mfg. is considering a rights offer. The company has determined that the ex-rights price would be $73. The current price is $85 per share, and there are 60 million shares outstanding. The rights offer would raise a total of $80 million.

  Explain the results of the tests of between-subjects effects

What do the results of the Tests of Between-Subjects Effects tell you? Was there a significant main effect of Environment on GPA improvement? Was there a significant main effect of Sex on GPA improvement? Was there a significant interaction effect..

  Calculate the liquidity risk premium

The maturity risk premium is 0.65 percent on 5-year securities and increases by 0.05 percent for each additional year to maturity. Calculate the liquidity risk premium on Tom and Sue's Flowers, lnc.'s, 15-year bonds.

  Hedging interest rate risk

A bond manager who wants to hold the bond with the greatest potential volatility would be wise to hold;

  Computation net present value and payback period

Computation net present value and payback period and draw the net present value profiles for both projects on the same set of axes

  Which investment should he make and why

Rishi is considering another investment, of equal risk, that earns an annual return of 8%. Which investment should he make, and why?

  Computing the value of bond based on rate of returns

Computing the value of bond based on rate of returns and What two reasons cause the required return to differ from the coupon interest rate

  Mergers and restructuring

On September 30, 2000, Mattel®, a major toy manufacturer, virtually gave away The Learning Company®, a maker of software for toys, to rid itself of a disastrous acquisition of software publishing firm which actually had cost the firm hundreds of m..

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!

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