User Account

All Pages

Monthly payment of principal and interest

Assignment Help Business Management
Reference no: EM132995345

You have just signed a contract to purchase your dream house. The price is $120,000 and you have applied for a $100,000, 30-year, 5.5 percent loan. Annual property taxes are expected to be $2,000. Hazard insurance will cost $400 per year. Your car payment is $400, with 36 months left. Your monthly gross income is $5,000. Calculate:

a. The monthly payment of principal and interest (PI).

b. One-twelfth of annual property tax payments and hazard insurance payments.

c. Monthly PITI (principal, interest, taxes, and insurance).

d. The housing expense (front-end) ratio.

e. The total obligations (back-end) ratio.

Reference no: EM132995345

Questions Cloud

Disadvantages of an open internal recruitment system : What are the advantages and disadvantages of an open internal recruitment system compared to a closed internal recruitment system?
Present averages of customer engagement : 1.Imagine your commission research from a marketing research firm. They present averages of customer engagement with your brand segmented by age and gender band
Describe the specific advantages after the deregulation act : Research the Internet for History of the Air Cargo Industry, Describe the specific advantages after the Deregulation Act of 1977 for this specific airline.
What could be the maximum payment : If Kuhns earned $1.40 million this year, what could be the maximum payment to the preferred stockholders on a per share basis
Monthly payment of principal and interest : You have just signed a contract to purchase your dream house. The price is $120,000 and you have applied for a $100,000, 30-year, 5.5 percent loan. Annual prope
Healthcare operational analysis and quality improvement : Choose at least two operational management theories Management by Objectives (MBO), Total Quality Management (TQM), and Continuous Quality Improvement (CQI), a
What have been the business markets for time warner : What have been the business markets for Time Warner? A summary history and analysis of Time Warner business expansion since 2000.
Implementation schedule for customer service performance : An implementation schedule for customer service performance monitoring and reporting activities for the 2012/13 financial year. Schedule activities for treatmen
Determine the coefficient of variation for each stock : The risk-free rate is 5% and the market risk premium is 4%. Determine the coefficient of variation for each stock

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

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