What is the total cost of principal-interest-discount points

Assignment Help Financial Management
Reference no: EM131554753

You have obtained a 25-year fixed rate mortgage at 3.98% with a principal of $366,427. You are paying 1.5 discount points. What is the total cost of principal, interest, and discount points? Round answer to the nearest cent.

Reference no: EM131554753

Questions Cloud

Estimated relationship between inventories and sales : Jasper Jewelry has $170 million in sales. Given the estimated sales forecast and the estimated relationship between inventories and sales,
What is target fixed assets and sales ratio : What is Mitchell's Target fixed assets/Sales ratio? What level of sales could Mitchell have obtained if it had been operating at full capacity?
Economic factors commonly affect personal financial decision : What personal and economic factors commonly affect your personal financial decisions?
What is the purpose of letter to shareholders : What events necessitated the passage the Sarbanes-Oxley Act? What is the purpose of a letter to shareholders?
What is the total cost of principal-interest-discount points : What is the total cost of principal, interest, and discount points?
The price of the option if it is european put option : Using one month steps, what would be the price of the option if it is a European put option?
What is the npv of this project for firm : If the company decides to go ahead with this project it will cannabilise existing sales with present value of $700,000. What is the NPV of this project for firm
Earnings before interest-taxes-depreciation and amortisation : what is the machine's net cash flow (after tax) for year 5? Earnings Before Interest, Taxes, Depreciation and Amortisation"
Compute the npv of the temporary housing facility : Compute the NPV of the temporary housing facility to the nearest dollar.

Reviews

Write a Review

Financial Management Questions & Answers

  How much would you offer for this annuity

Suppose you are examining an asset that promised to pay $500 at the end of each of the next 5 years. If you are looking for 10% per annum interest on your money, how much would you offer for this annuity?

  With no corresponding increase in current liabilities

Provo Corporation had cash revenues of $13,000,000, cash operating expenses of $5,000,000, and depreciation and amortization of $1,000,000 during 2015. The firm purchased $600,000 of equipment during the year while increasing its inventory by $300,00..

  Considering the purchase of a machine with capital budget

Builtrite has estimated their cost of capital is 14% and they are considering the purchase of a machine with the following capital budget: Initial Investment $62,000 RATFCF Year 1 $22,000 RATFCF Year 2 $30,000 RATFCF Year 3 $38,000 What is the machin..

  What was payment term of the amount of the contract

What was payment term of the amount of the contract between L and S? Will S need to pay $30,000 per day for the additional 6 months it took to build addition.

  How does the tax shield of debt affect project valuation

How does the tax shield of debt affect project valuation under the standard free-cash flow method of computing NPV as opposed to the APV method?

  What will be the effect on reported earnings

For which type of company would this change be more valuable, a company facing a 10 percent tax rate or one facing a 30 percent tax rate?

  Marginal tax bracket-what is their average tax rate

What is their Marginal Tax Bracket? What is their average tax rate?

  Twenty-year mortgage at the annual percentage rate

After considerable negotiation with its owners, you have purchased a home for $580,800. After a 20 percent down payment, you finance the remainder under a twenty-year mortgage at the annual percentage rate (APR) of 3.59%). What are your monthly payme..

  Suppose call on stock with strike price-piece-wise function

Suppose a call on a stock with strike price X +1 cost $1 and a put on a stock with strike price X −1 and the same expiration date costs $1. Suppose the price of the stock on expiration date is given by ST. Find the payoff to the investor that holds b..

  Calculate the payback period for the VP of Sales

You are a financial analyst for Monument Properties and are asked by your boss to analyze two proposed capital investments with the same initial investment of 100K, Projects X and Y. Project X is somewhat boring having regular cash flow of 49K for ea..

  Compute the acquisition cost of each intangible asset

Bluestone Company had three intangible assets at the end of the current year: Compute the acquisition cost of each intangible asset.

  Make the adoption of the first design justified

In planning a small two-story office building, the architect has submitted two designs. The first provides foundation and structural details so that two additional stories can be added to the required initial two stories at a later date and without m..

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd