User Account

All Pages

Purchase a large vacation home in kansas

Assignment Help Finance Basics
Reference no: EM131114250

You take out a 20 year mortgage of $85,000 to purchase a large vacation home in Kansas (heck, it's Kansas - you expected it to be expensive?). Your annual payment to the bank is $7,000 but you forgot what the interest rate was. Use your financial knowledge to figure out (approximately) what the interest rate you received should be.

Reference no: EM131114250

Questions Cloud

Good investment at the current price : If you require a rate of return on this stock of 18 percent, do you believe this is a good investment at the current price of $35?
Define the concept of a real option : Define the concept of a real option. Discuss some of the various real options a firm can be confronted with when investing in real projects.
Find the line current delivered by the source : Balanced wye-connected loads drawing 10 kW at 0.8 power factor lagging and 15 kW at 0.9 power factor leading are connected in parallel and supplied by a 60-Hz, 300-V, three-phase system.
What similarities between the hospital stance and hipaa : Explain why you would fire or not fire the nurse immediately or whether you would put her on administrative leave awaiting the details of the investigation.
Purchase a large vacation home in kansas : You take out a 20 year mortgage of $85,000 to purchase a large vacation home in Kansas (heck, it's Kansas - you expected it to be expensive?). Your annual payment to the bank is $7,000 but you forgot what the interest rate was.
Compute the real power in kw delivered to capacitive load : A 60-Hz, 440-V, three-phase system feeds two balanced wye-connected loads in parallel. One load has a per-phase impedance of 8 + j3 Ω and the other 4 - j1 Ω.
Question regarding the common stock valuation : Common stock valuation: Perry Motor's common stock just paid its annual dividend of $1.80 per share. The required return on the common stock is 12%. Estimate the value of the common stock under each of the following assumptions about the dividend:
Total interest accumulated : You have invested $500 for 150.25 years earning 7.5% annual return compounded continuously. What is the total interest accumulated over 150.25 years?
Identify the relationship of the outsourced service : Describe the benefit and alignment of outsourcing services on organizational culture. Describe how a company can align the client experience with the outsourced service along with your organizational culture.

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!

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