Interest rate on your mortgage

Assignment Help Business Management
Reference no: EM13971480

Suppose you are planning to purchase a house for $265,500. You have a sufficient savings to make a down paymant of 12.5%, and are interested in making weekly mortgage payments. The bank has offered you a rate at 8.25% for a 20-year mortage.

What is the weekly interest rate on your mortgage?

Reference no: EM13971480

Questions Cloud

Objective theory of jurisdiction : What is the "objective theory of jurisdiction" and how does it apply to an American firm doing business in a foreign country?
Calculating the return on the market : Assume these securuties are correctlly priced. Based on CAPM, what is the return on the market?
The end of year balance in the ada : WannaBee Corporation has $1,500,000 of Receivables on December 31, 2000. WannaBee uses the Allowance Method and historical data indicates that 7% of receivables become uncollectible. The end of year balance in the ADA is 0.
Advantage of the arbitrage opportunity : How would you take advantage of the arbitrage opportunity? This would result in a net profit of?
Interest rate on your mortgage : Suppose you are planning to purchase a house for $265,500. You have a sufficient savings to make a down paymant of 12.5%, and are interested in making weekly mortgage payments. The bank has offered you a rate at 8.25% for a 20-year mortage.
Trading idea without using forwards or futures contracts : How would you use derivatives to implement your strategy? How would you implement the same trading idea without using forwards or futures contracts?
Prepare a letter to the potential client : Prepare a letter to the potential client explaining the why you can or cannot honor his request - The reasoning for your decision.
Costminimisation and profit maximisation : Explain the use of the principle of opportunity cost and why costminimisation and profit maximisation are compatible concepts and include a table showing the total variable cost of your selected production or purchasing plan.
What is the objective theory of jurisdiction : What is the "objective theory of jurisdiction" and how does it apply to an American firm doing business in a foreign country?

Reviews

Write a Review

Business Management Questions & Answers

  Discuss implications of each in business environment

Prepare a response in which you examine at least three new trends and developments in risk management. Additionally, examine future challenges to risk management strategies. Be sure to address the following:

  Importance of motivation

Why is it significant for today's organizational leaders to understand human motivation? Provide a rationale to support your view.

  An unique marketing idea

Develop in 2 to 3 pages an unique marketing idea (business idea) that capitalizes on a threat, opportunity, technological breakthrough, new or developing customer need.

  The frisbee pie company can make pie tins for bakeries

The Frisbee Pie company can make pie tins for bakeries, which are willing to pay

  Explain and create post-election confusion stimulate impulse

Explain and Create post-election confusion stimulate impulse voting and increase financial risk redefine determinant attributes

  Major philosophical perspectives

Philosophical perspectives - Write a paper in which you research and identify three prevailing philosophical perspectives at work during the 20th century.

  Business management scenario questions1 the definition of

business management scenario questions1. the definition of race specified in the statutory language of title vii

  Remote access

Remote access to corporate resources is becoming commonplace. From an auditing perspective, suggest two (2) or more controls that should be in place to prevent the loss or theft of confidential information

  Case study-movie theatre

Imagine you are the district manager for a local movie theatre that is experiencing a service-related problem. While you are traveling for work in another state, the theatre manager contacts you about a bed bug problem suspected to be taking place..

  Explaining change management-diversity-organizational teams

Potential topics include: change management, diversity, public relations, ethics, organizational culture, organizational teams, crisis management.

  Express the tax consequences to taylor corporation

Illustrate what type of reorganization has taken place? Express the tax consequences to Taylor Corporation, its former shareholders and Superior Corporation.

  Define the types of problems for which this technique applie

Define the types of problems for which this technique applies and Describe the methodology and illustrate the technique with a worked example.

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