The approximately annual payments of the loan

Reference no: EM13320401

You have been approved for a $70,000 loan toward the purchase of a new home at 12% interest. The mortgage is for 30 years. How much are the approximately annual payments of the loan? Assume you pay yearly. $2613 $8690 $5740 None of the above 2.First Choice Bank pays 9% APR compounded quarterly on its business loans. National Emerald Bank pays 16% APR compounded daily. The EAR for First Choice and National Emerald Bank are:9.31% and 17.35%, respectively 9% and 17.50%, respectively 9.31% and 17.50%, respectively 9% and 17.35%, respectively 3. Computer Parts, Inc. is considering an investment that will have cash flows of $8,000, $7,000 and $4,000 for years 1 through

3. What is the approximate value of this investment today if the appropriate discount rate is 10% per year? (Points : 3) $24,250 $20,900 $16,060 None of the above 4. You deposited $3,000 in your bank account today. An increase in which of the following will increase the future value of your deposit assuming that all interest is reinvested? Assume the interest rate is a positive value. Select all answers that apply: (Points : 4) interest rate initial amount of your deposit frequency of the interest payments length of the investment period 5. (TCO 3) If you borrow $50,000 today at 10% interest for eight years. How much of your first payment will be applied towards the principal of the loan? (Points : 3) $5,000 $4,372 $4,790 zero, all will be applied towards the interest.

Reference no: EM13320401

Questions Cloud

What is the maximum angular magnification : erson decides to use an old pair of eyeglasses to make someoptical instruments. What is the maximum angular magnification he can produce in a telescope

Prepare journal entries to record budget-transactions : Prepare journal entries to record the budget. Prepare journal entries to record the actual revenues and expenditures. Assume all transactions resulted in increases or decreases in cash. Prepare journal entries to close the accounts

Calculate the double-declining-balance depreciation : Compute the depreciation expense for year 2013 on the land improvements assuming a five-year life and double-declining-balance depreciation.

What is the minimum width of the screen : Ramon has a coherent light source with wavelength 579 nm. What is the minimum width of the screen if Ramon wants to display four interference maxima

The approximately annual payments of the loan : How much of your first payment will be applied towards the principal of the loan? (Points : 3) $5,000 $4,372 $4,790 zero, all will be applied towards the interest.

Double-declining-balance depreciation : Compute the depreciation expense for year 2013 on the land improvements assuming a five-year life and double-declining-balance depreciation.

Find the resistance of the second resistor : Two resistors are connected in series to a battery with an emf of 12 V. The voltage across the first resistor is 2.9V, Find the resistance of the second resistor

Evaluating supply chain design decisions : Why is it important to consider uncertainty when evaluating supply chain design decisions?

Determine the frequency of this system : The maximum speed of a 3.5-kg mass attached to a spring is 0.67m/s , and the maximum force exerted on the mass is 11N. What is the frequency of this system

User Account

All Pages