User Account

All Pages

What is the effective interest rate

Assignment Help Finance Basics
Reference no: EM131721512

A borrower is offered a mortgage loan for $100,000 with an interest rate of 10% and a 30-year amortization period with monthly payments. The origination fee is 1% of the loan and the lender charges two discount points. What is the effective interest rate?

Reference no: EM131721512

Questions Cloud

Case-using co-branding to reduce costs and boost sales : Have you ever stopped at a gas station and caught a quick lunch at an Arby's or a Blimpie sub sandwich inside? Or have you ever noticed that Baskin Robbins.
Negotiated price of the new car : You have just agreed on the final price for your new car and now you have to finance the purchase. The negotiated price of the new car
Compute the standard deviation of demand during lead time : Compute the standard deviation of demand during lead time and determine the safety stock and statistical reorder point that result in 5% stockouts.
Loan and accrued interest : In one year, you sell the house for $162,000 and pay off the loan and its accrued interest. You are in the 25% marginal tax bracket.
What is the effective interest rate : The origination fee is 1% of the loan and the lender charges two discount points. What is the effective interest rate?
Evaluate costs factors influencing the companys decision : What environmental factors and risks must be considered in the company's decision-making process - Evaluate costs factors influencing the companys decision
How your project will be beneficial to the company : Describe the problem and how your project will be beneficial to the company. Describe how you went about solving the problem.
What is the company daily demand for items : What is the company's daily demand for items?
Discuss the impact of the breach/fraud on the organization : Discuss what the organization has done or is doing to prevent the breach/fraud from occurring in the future

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