User Account

All Pages

Interest rate is the mortgage company

Assignment Help Finance Basics
Reference no: EM131209305

A mortgage company offers to lend you $85 000 the loan calls for payments of $8273.59 at the end of each year for 30 years. What interest rate is the mortgage company charging you?

Reference no: EM131209305

Questions Cloud

What is the amount of my capital gain or loss : I purchase a consol with a coupon payment of $100 when the interest rate is 10 percent. - When I sell the consol, the interest rate has risen to 20 percent.
Compute the amount withdrawn by mickey during the year : Compute the amount withdrawn by Mickey during the year - What was the average capital balance of Boom during 2015?
What are the effects of such tax exporting : In many countries the capital owned by nonresidents is taxed. What are the effects of such tax exporting? Is it profitable to subsidize capital owned by nonresidents?
Factors that determine the shape and level of a yield curve : Discuss the factors that determine the shape and level of a yield curve. - How do term to maturity, credit risk, and tax treatment affect the interest rate on a particular asset?
Interest rate is the mortgage company : A mortgage company offers to lend you $85 000 the loan calls for payments of $8273.59 at the end of each year for 30 years. What interest rate is the mortgage company charging you?
How can persuasive speaking potentially be more difficult : Distinguish between informative and persuasive speaking. What, specifically, is the difference between the two and how can persuasive speaking potentially be more difficult?
Discuss the properties of the function derived : Use this production function to express the output-labor ratio as a function of the capital-labor ratio. Discuss the properties of the function derived.
Explain why a yield curve can be negatively sloped : Explain why a yield curve can be negatively sloped. Would interest rates be abnormally high or low?- What would be the overall expectation of the direction of future short- term interest rates?
Receive a margin call : You buy 700 shares of stock at a price of $70 and an initial margin of 55 percent. If the maintenance margin is 40 percent, at what price will you receive a margin call? (Do not round intermediate calculations. Round your answer to 2 decimal place..

Reviews

Write a Review

Finance Basics Questions & Answers

  Compute the interest rate on the loan lent compare the bank

Compute the interest rate on the loan lent compare the Bank deposit the interest earned and Calculate the interest rate earned on the savings account for six months

  Karen wants to compare using the cost plus method to the

karen wants to compare using the cost plus method to the percentage markup method. if she sells 2 small rice pads 4

  What is the dollar benefit of the system to drugs

What is the dollar benefit of the system to Drugs 'R Us? (coffee) Should the firm initiate the lockbox system?

  The physical damage to the parked car

Pablo traded in his 2000 Ford for a new Ford. One week later, he hit an oily spot in the road on his way to work and skidded into a parked car. The 2000 Ford was insured under the PAP with full coverage, including a $250 deductible for a collision..

  Cross-exchange rate of the polish zloty

By what percentage did the cross-exchange rate of the Polish zloty in Swedish kronor (that is, the number of kronor that can be purchased with one zloty) change over the last year?

  Which will lower overall expected rate of return of stock

A stock is expected to return 13% in an economic boom, 10% in a normal economy, and 3% in a recession. Which will lower overall expected rate of return of this stock?

  Marketing mix for digital products to the russian market

Kodak's traditional film business is now under attack from digital photography (in which Kodak is also a leader). Should Kodak adjust its marketing mix for digital products to the Russian market? Why?

  When is a debt security considered impaired explain how to

when is a debt security considered impaired? explain how to account for the impairment of an available-for sale debt

  Does this mean that the earnings variable is 3.3 times

Altman’s bankruptcy prediction model places a coefficient of 3.3 on the earnings before interest and taxes divided by total assets variable but a coefficient of only 1.0 on the sales to total assets variable. Does this mean that the earnings variable..

  Why is it usually easier to forecast sales for seasoned firm

Why is it usually easier to forecast sales for seasoned firms in contrast with early-stage ventures?

  Discussion topicwhat are some ways in which accounting for

discussion topicwhat are some ways in which accounting for health care organizations hcos especially not-for-profit nfp

  Cost of equity and the weighted average cost

Grace Fine Dining Trust is financed 100 percent with equity and intends to remain this way. Grace's common stock beta is 1.20, the expected market return is 12 percent, and the risk-free rate is 5 percent. What are the cost of equity and the weigh..

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