How quickly will they be able to payoff the mortgage

Assignment Help Financial Management

Reference no: EM131968253

Construct an amortization schedule for a 30 year mortgage of $189,520 at 4.45% APR in which the houseowners make an extra payment of $300 a month after 8 years (97th month). How quickly will they be able to payoff the mortgage?

Reference no: EM131968253

Questions Cloud

What is the company cost of equity and cost of debt : What is the company’s cost of debt? What is the company’s weighted average cost of capital? What is the company’s cost of equity?

Write a paper about the invasion of technology : Write a paper about The Invasion of Technology. The issue that I have selected to research and write about is the privacy concerns that is govern around.

Determine two examples of possible repercussions : Determine two (2) examples of possible repercussions of not providing employees with performance feedback in a timely manner. Justify your response.

How much must you save each month to reach your goal : If you can earn 5.5% APR on your investment over the time frame, how much must you save each month to reach your goal?

How quickly will they be able to payoff the mortgage : How quickly will they be able to payoff the mortgage?

About capital financing for health care organizations : This week you learned about Capital Financing for Health Care Organizations.

Formulate your own response-claim : Formulate your own response-claim. Remember that step 1 and 2 are meant to pave the way for you to express your own opinion about the same issue.

How does face to face bullying take place : What is bullying? Is there a link between childhood bullying behaviour and anti-social behaviour in later years? How does Cyber bullying take place?

About the interest rate risk of lower-coupon bonds : Suppose you wish to plan for your newborn’s college tuition payment. What does this problem tell you about the interest rate risk of lower-coupon bonds?

User Account

All Pages