Monthly payment amortized mortgage

Assignment Help Financial Management
Reference no: EM131908791

Suppose you are buying your first condo for 145000 and you will make a 15000 down payment. you have arranged to finance the remaining 130000 with a 30 year monthly payment amortized mortgage at a 6% nominal annual interest rate, with the payment due in 1 month what will the monthly payments be?

Reference no: EM131908791

Questions Cloud

Stock repurchase-what is the current share price : If the required return on this stock is 12 percent, what is the current share price?
Value of operations and intrinsic value of equity : What is the value of operations? Enter your answer in millions. $ million Immediately prior to the repurchase, what is the intrinsic value of equity?
Determine the irr for computer system : A firm is considering purchasing a computer system. Determine the IRR for the computer system.
Purchasing set of machine tools to process special orders : The Simon Machine Tools Company is considering purchasing a new set of machine tools to process special orders.
Monthly payment amortized mortgage : you have arranged to finance the remaining 130000 with a 30 year monthly payment amortized mortgage at a 6% nominal annual interest rate,
What is the effective interest rate on the loan : The loan called for a compensating balance of 13 percent. What is the effective interest rate on the loan?
Dictate process and judgment for determining fair value : Specific rules dictate the process and judgment for determining fair value. how should the valuation be calculated?
Calculate the value at the end of investment : Calculate the value at the end of 10 years of James’s investment in today’s dollars.
They owe any taxes on funds as they withdrew them : Would they owe any taxes on the funds as they withdrew them (Under current tax laws)?

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

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