Monthly mortgage payment for principal and interest

Assignment Help Finance Basics
Reference no: EM132554663

The monthly mortgage payment for principal and interest on a $240,000 home loan with 10% down payment at 6% interest rate for 30 years is $1,295 what is the dollar amount of the first month of that mortgage that will go to interest and to principal?

Reference no: EM132554663

Questions Cloud

Write an assembly language program to store a larger number : Write an Assembly Language program to store a larger number from two numbers at memory location 2040H
Focuses on issues and trends in education : Focuses on issues and trends in education. What educational trend or issue do you predict will be most important during your career?
Prepare the journal entry to record transaction for sh bhd : Explain the accounting treatment for the cost incurred by SH Bhd to develop new distribution system in accordance to MFRS 138 Intangible Assets.
The field of human resource management : The textbook identified several issues that arise in the field of human resource (HR) management.
Monthly mortgage payment for principal and interest : The monthly mortgage payment for principal and interest on a $240,000 home loan with 10% down payment at 6% interest rate for 30 years is $1,295
Find what level of capital expenditure will be a break : Find what level of capital expenditure will there be a break in Dexter's Marginal Cost of Capital schedule? Calculate the cost of each of the equity components.
Measure existence of disease in population : Incidence and prevalence are commonly used to measure the existence of disease in a population.
What rate of return would they be? earning : They? don't have the slightest idea what return they would be making on their investment of ?$32,206.34. What rate of return would they be? earning?
Economic consultant hired by international organization : You are an economic consultant hired by an international organization/government to provide your expert advice on conditions pertaining to international trade

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

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