Principle and interest portions of the first payment

Assignment Help Financial Management

Reference no: EM131059081

A $200,000 mortgage with a 30 year term, and a 5% annual interest rate requires a monthly payment of $1073.64.

1. What are the principle and interest portions of the first payment?

2. What are the principle and interest portions of the second payment?

Reference no: EM131059081

Questions Cloud

What is standard deviation of two-asset portfolio of stock : What is the standard deviation of a two-asset portfolio comprised of Stock A and Stock B if both Stock A and Stock B have a variance of 0.2209, the correlation coefficient between the two stocks is -0.17, and Stock A makes up 24% of the portfolio?

What price will investors be willing to pay for the bond : Xerox wants to issue bonds in order to take advantage of historically low interest rates. The bonds will have a 2.5% coupon rate (interest paid semiannually) and a maturity of 25 years. If market interest rates are at 3% at the time the bonds are iss..

What proportion of your funds is invested in asset : You own two risky assets, both of which plot on the SML. Asset A has an expected return of 12.37% and a beta of 1.40. Asset B has an expected return of 14.13% and a beta of 1.65. If your portfolio beta is the same as the market portfolio, what propor..

What is the standard deviation of returns on portfolio : You construct an equally weighted, two asset portfolio between ACME Corp, and American company, and Pocky Pies, a Korean company. The standard deviation of returns on ACME’s shares is 20% and 75% on Pocky. Because of international diversification, th..

Principle and interest portions of the first payment : A $200,000 mortgage with a 30 year term, and a 5% annual interest rate requires a monthly payment of $1073.64. What are the principle and interest portions of the first payment? What are the principle and interest portions of the second payment?

Fixed asset will be depreciated straight-line to zero : Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.94 million. The fixed asset will be depreciated straight-line to zero over its three-year tax life. If the tax rate is 34 percent..

Assume that primary care physician practice performs : Assume that a primary care physician practice performs only physical examinations. However, there are three levels of examination I, II, and III that vary in depth and complexity. The total costs to run the practice, including a diagnostic laboratory..

About the after-tax salvage value : Your firm needs a machine which costs $60,000, and requires $15,000 in maintenance for each year of its 5-year life. After 5 years, this machine will be replaced. The machine falls into the MACRS 5-year class life category. Assume a tax rate of 35% a..

Breakeven analysis is one of simplest underused analytical : Breakeven analysis is one of the simplest yet underused analytical tools in management. It helps to provide a dynamic view of the relationships among sales, costs, and profits. The formula for calculating breakeven point is BE Quantity = TFC/P-VC. In..

User Account

All Pages