User Account

All Pages

What is your monthly principal and interest payment

Assignment Help Accounting Basics
Reference no: EM133037785

Question - The Real Cost of Purchasing a Home Key Facts - You want to purchase a house that costs $150,000. You have $30,000 available to put down on the home. Because you have good credit score you have been offered a loan of 15 years at 3% or 30 years at 3.75%.

What is your monthly principal and interest payment for the 15 year loan?

What is your monthly principal and interest payment for the 30 year loan?

What is the total of the financed payments (the amount you actually pay for the house) with the 15 year loan?

What is the total of the financed payments (the amount you actually pay for the house) with the 30 year loan?

Reference no: EM133037785

Questions Cloud

Feel about telecommuting and a virtual office in a job : Because of globalization and COVID-19, telecommuting and using a virtual office are now major aspects of many professional sales positions.
Define gross margin percentage : Define Gross Margin Percentage. Generally speaking, if company high Gross Margin Percentage what does that mean about it's selling price relative to it's COGS
Foundation of a self-employed code of business ethics : List and describe 4 guidelines used as a foundation of a self-employed code of business ethics
Define the aspects of a swot analysis : 1. Why do certain industries tend to be more attractive for the start-up of a small business?
What is your monthly principal and interest payment : You want to purchase a house that costs $150,000. What is your monthly principal and interest payment for the 15 year loan
Challenging type of analytics for organizational leaders : The most challenging type of analytics for organizational leaders is prescriptive analytics. This is because the prescriptive method of analytics is characteriz
Describe decision-making models : Find articles that describe decision-making models and concepts used by businesses. Topics could include productivity measures, make or buy decisions, or sell-n
Importance for having a purpose in life : -What is the importance for having a "purpose" in your life? What is purpose and what role does it play within the self-goal setting process?
What do you expect the price of these bonds : If interest rates remain unchanged, what do you expect the price of these bonds to be one year from now? In three years? In eight years? In 12 years

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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