What is the monthly payment for the plan

Assignment Help Econometrics

Reference no: EM13192169

A loan is 600,000 at (1) 7% /yr/monthly over 30 years or (2) 6.625 compounded monthly over 15 years. There are no charges and prepayment can be done without penalty.

What is the monthly payment for plan (1)?

Reference no: EM13192169

Questions Cloud

Find system of equations questions in your textbook : Do not explain your answers in English. Please find system of equations questions in your textbook or MML for us. Try your best to solve.

Find the length of the parking lot : the length of a rectanglar parking lot is 7 meters less than twice its width, and the perimeter is 394 meters find the length of the parking lot.

Getting internship at major corporation requires deal work : According to your textbook, "Getting an internship at a major corporation requires a great deal of work, but the rewards are well worth the effort" is an example of a(n)

Calculate the energy required to produce : Calculate the energy required to produce 7.00 mol Cl2O7 on the basis of the following balanced equation.

What is the monthly payment for the plan : A loan is 600,000 at (1) 7% /yr/monthly over 30 years or (2) 6.625 compounded monthly over 15 years. There are no charges and prepayment can be done without penalty.What is the monthly payment for plan (1)

How many tennis rackets of each type should csd manufacture : How many tennis rackets of each type should CSD manufacture over the next two weeks to maximize the total profit contribution? Assume that because of the unique nature of their products, CSD can sell as many rackets as they can produce.

Construct the 98% confidence interval for the proportion : Of 346 items tested, 12 are found to be defective. Construct the 98% confidence interval for the proportion of all such items that are defective.

Compute expected final temperature melting ice : Calculate expected final temperature for 25 grams of 70 C hot water melting 15 grams of 0 C ice. Repeat this calculation

How tall us the utility pole to the nearest tenth : a cable 16m long runs from the top of a utility pole to a point on the ground 4m from the base of the pole. How tall us the utility pole, to the nearest tenth

User Account

All Pages