The homeowner sells house and pays off remaining principal

Assignment Help Financial Management
Reference no: EM131045409

A homeowner takes a 30-year fixed-rate mortgage for $160,000 at 7.6 percent. After nine years, the homeowner sells the house and pays off the remaining principal. How much is the principal payment?

principal payment $_?

Reference no: EM131045409

Questions Cloud

Retirement community and is negotiating with client : Mary is running a retirement community and is negotiating with a client, Jimmy, who wishes to reside at Mary’s community when he retires in ten years at age 65. Actuarial statistics indicate that Jimmy will probably die at age 90. Calculate the prese..
A chalky powdery condition : Catania wished to paint the exterior of his house. He went to Brown, a local paint store owner, and asked him to recommend a paint for the job. Catania told Brown that the exterior walls were stucco and in a chalky, powdery condition.
How fast it is able to encrypt and decrypt data : Try to compare these timing results using different key sizes; for example, compare single-DES with triple-DES.
Area of management of corporate branding : 1. Who pioneered the concept ESI, Emotional Surplus Identity, in the area of Management of Corporate Branding? 2. Robert Kaplan and David Norton developed the concept which links company'scurrent actions to its long term goals. Name the concept?
The homeowner sells house and pays off remaining principal : A homeowner takes a 30-year fixed-rate mortgage for $160,000 at 7.6 percent. After nine years, the homeowner sells the house and pays off the remaining principal. How much is the principal payment?
Performance are communicated to employees : Performance management can achieve its strategic purpose only when measurements are truly a_______ with the organizations goals and when the goal and feedback about performance are communicated to employees.
Five bottles from an upright soft drink : Mrs. Embs went into Stamper's Cash Market to buy soft drinks for her children. She removed five bottles from an upright soft drink cooler, placed them in a carton, and then turned to move away from the display when a bottle of Seven-Up in a carton..
Ability to mobilize the motivation : A person's belief about his or her ability to mobilize the motivation, cognitive resources, and courses of action necessary to execute a specific action within a given context.
What if there are 10,000 recipients : how often do individual receivers get to report? What if there are 10,000 recipients?

Reviews

Write a Review

Financial Management Questions & Answers

  Calculating the ytm of a bond

(Calculating the YTM of a bond) If a corporate bond with a face value of $1,000 has 24 years to go until it matures, has a coupon interest rate of 5.7% and a market price of $1,223.92, what is its yield to maturity (YTM)?

  What is the companys required return

CAPM Required Return A company has a beta of .67. If the market return is expected to be 13.7 percent and the risk-free rate is 5.85 percent, what is the company's required return?

  Calculate the value of the american and european put

Buffelhead's stock price is $234 and could halve or double in each six-month period (equivalent to a standard deviation of 96%). Assume that you own an American put option on Buffelhead stock with an exercise price of $234. The interest rate is 19% a..

  Streams of cash flows-future cash flows in stream

Consider two streams of cash flows, A & B. Stream A's first cash flow is $8,900 and is received three years from today. Future cash flows in Stream A grow by 4 percent in perpetuity. Stream B's first cash flow is -$10,000, is received two years from ..

  Discounted cash flow techniques

Discounted cash flow techniques are capital budgeting techniques that take into account both the time value of money and the estimated net cash flow from an investment. How is the NPV calculated and what is the decision rule?

  Considering the purchase of bond due to mature

Suppose that an investor is considering the purchase of a bond due to mature in 30 years, carrying an 8 percent coupon rate (coupons are paid semi-annually). This security is available for purchase at a current market price of $975. The bond has a pa..

  Present value of the tax benefits from depreciation

Your company is considering a new project that will require $794,000 of new equipment at the start of the project. The equipment will have a depreciable life of 8 years and will be depreciated to a book value of $146,000 using straight-line depreciat..

  Pro-forma incremental earnings and pro-forma free cash flow

Can you describe a situation when we use pro-forma incremental earnings and pro-forma free cash flow? I still can’t understand how they work in a real world.

  What would be the new cost of equity after recapitalization

LVMH currently has a debt-to-capital ratio of 10% and an average tax rate of 34%. LVMH's bonds have a 4% yield to maturity. Using the CAPM, the firm estimates that its cost of equity is 12%. What would be the new beta if the company goes ahead with t..

  Conch republic electronics-profitability index of project

Conch Republic Electronics is a midsized electronics manufacturer located in Key West, Florida. The company president is Shelly Couts, who inherited the company. The company originally repaired radios and other household appliances when it was founde..

  What determines the price of financial instruments

What determines the price of financial instruments? Which are riskier, capital market instruments or money market instruments? Why? What are the four major functions of the Federal Reserve System? What are the main responsibilities of the FOMC?

  Bluegrasss economic slide worsens and bankruptcy results

Sarah is the sole owner of Bluegrass Corporation. The basis and value of her stock investment in Bluegrass are approximately $100,000. In addition, she manages Bluegrass's operations on a full-time basis and pays herself an annual salary of $40,000.

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