What is the present worth of the loan on the day

Reference no: EM13303839

You borrow $200,000 from the bank on a 20 year loan with a 10% APR compounded monthly. If the bank borrows money at 7% APR compounded monthly, what is the present worth of the loan on the day it's executed and you get your $200,000?

Reference no: EM13303839

Questions Cloud

What rate of return company make over a 10-year study period : If the average buyout package is $100,000 and the company is able to reduce costs by $20 million per year, what rate of return will the company make over a 10-year study period? Assume all the company's expenditures occur at time 0 and the savings..

Find the index of refraction of the reflecting material : The angle of incidence of a light beam in air onto a reflecting surface is continuously variable. find the index of refraction of the reflecting material

Design and implement a c++ program for find friends : MCS2514Pgm1- Design and implement a C++ program that will help find friends according to a defined method. In particular, your program will find and display the ten people in database who answered a set of survey questions closest to what the user..

What is the tsunamis wavelength : Tsunamis are deep ocean waves that usually result from the undersea earthquakes or landslides. What is the tsunami's wavelength

What is the present worth of the loan on the day : You borrow $200,000 from the bank on a 20 year loan with a 10% APR compounded monthly. If the bank borrows money at 7% APR compounded monthly, what is the present worth of the loan on the day it's executed and you get your $200,000?

What is the change of the total mechanical energy : How much force is needed to increases the velocity of a 5000kg truck from 40 km/h to 70 km/h in 20 s on the horizontal road, What is the change of the total mechanical energy

The concept of probability : The Concept of Probability

What is the convertible straight bond value : What is the convertible's straight bond's value? What is the implied value of the convertible feature?

What is the angular velocity of the coin at its fastest : a silver dollar of mass 200gm, and diameter 8cm, has a small hole punched through it at 2 cm from the center. the coin is initially at rest in a vertical plain with the hole directly under the center, what is the angular velocity of the coin at its..

User Account

All Pages