User Account

All Pages

What is remaining balance after 10 years of payment

Assignment Help Finance Basics
Reference no: EM132658434

Use this to answer 1 and 2

Suppose you are buying your first house for $450,000 with 15% down payment. You have arranged to finance the remaining amount with a 30-year, monthly payment, amortized mortgage at a 4.5% interest rate

1.) For the 140th payment what is the breakdown between principal payment vs interest payment, Respectively

2.) What is remaining balance after 10 years of payment

Reference no: EM132658434

Questions Cloud

Appropriate networking technologies : Discuss how you might match appropriate networking technologies to these business needs, and identify areas of concern
Describe the application of statistics in health care : Statistical application and the interpretation of data is important in health care. Review the statistical concepts covered in this topic. In a 750-1,000 word.
What annual coupon interest rate must company set on bonds : What annual coupon interest rate must the company set on the bonds with warrants if they are to clear the market (i.e., the market is in equilibrium)?
What advantage associated with being a managerial accountant : What advantage or disadvantage is there associated with being a managerial accountant? What is the difference between a managerial and financial accountant?
What is remaining balance after 10 years of payment : For the 140th payment what is the breakdown between principal payment vs interest payment, Respectively
Where can you find evidence to inform your thoughts : Where can you find evidence to inform your thoughts and scholarly writing? Throughout your degree program, you will use research literature to explore ideas.
Journalize the adjusting entry required for unearned rent : Journalize the adjusting entry required for unearned rent on December 31, 20Y2. Round your answers to the nearest dollar amount.
Describe roles and responsibilities within organization : Describe roles and responsibilities within an organization that help assure proper security when purchasing hardware, software,
How big is each payment parents decide to buy : if you make 36 EQUAL end of month payments, how big is each payment your parents decide to buy an annuity for their new grand child

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