What is the monthly payment

Reference no: EM132160353

Question: A 30-year mortgage for $140,000 is issued at a 9% nominal interest rate. What is the monthly payment? How long does it take to pay off the mortgage if $1500 per month is paid? If $2000 per month is paid? If double payments are made? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132160353

Questions Cloud

Determine the eac if the car is sold after five years : A new automobile costs $28,000. The car's value will decrease 15% the first year and 10% each year thereafter. The maintenance costs are expected to be $200.

How much is owed : A new car is purchased for $10,000 with a 0% down, 9% interest rate loan. The loan's length is 4 years. After making 30 monthly payments.

Find what is the monthly payment : For an $85,000 mortgage with a 30-year term and a 12% nominal interest rate, what is the monthly payment? After the first year of payments.

Ref monopoly-resource allocation : What is the relevance of studying Harberger and what is the goal of his above essay?

What is the monthly payment : A 30-year mortgage for $140,000 is issued at a 9% nominal interest rate. What is the monthly payment? How long does it take to pay off the mortgage.

What will be the firm new annual payments : A construction firm owns a concrete batching plant on which there is a $150,000 mortgage. The mortgage's interest rate is 7%, and it is to be paid off in 25.

Negotiate a new commercial policy : The Uk now needs to negotiate a new commercial policy with the other 27 members of the EU.

Find the annual loan-processing cost : A $100,000 line of credit, however, requires that WW continuously maintain at least $20,000 in an account that pays 6% compounded monthly.

Manufacture a product according to the production function : A firm can manufacture a product according to the production function:

User Account

All Pages