What is your principle interest and balance

Assignment Help Accounting Basics
Reference no: EM13854053

You are purchasing a home for $200,000 with a 20% down payment. You will pay 6% interest, for a 15 year loan. How much is your payment for the home (insurance is $60 per month and taxes are $85 per month.) What is your principle, interest and balance of the 12th and 60th payment?

Reference no: EM13854053

Questions Cloud

Explain what is meant by a zero-sum game : Explain what is meant by a zero-sum game, and why it was central to Mercantilist thinking. Then, explain how Smith's idea of absolute advantage altered the nature of the "game."
Initial consumer equilibrium position : Suppose that, from an initial consumer equilibrium position, the price of one good falls while the price of the other good remains the same. Using indifference curve analysis, explain how and why the consumer's relative consumption of the two goods w..
Source documents provide the input for the accounting proces : Source documents provide the input for the accounting process
Properties about peoples preferences : Discuss utility and some of the properties about people's preferences. One is that "more is better ".do you agree that is always the case and if not do you have an example?
What is your principle interest and balance : You are purchasing a home for $200,000 with a 20% down payment. What is your principle, interest and balance of the 12th and 60th payment?
Certain cash flow sequence : You were told that a certain cash flow sequence started at $3000 in year 1 and increased by $2000 each year. How many years were required for the equivalent amount worth of sequence to be $12000 at an interest rate of 10% per year?
Trade took place between the two countries : Suppose that the K/L ratio is higher in Germany than in Britain. What would you expect to happen to wages in Germany as trade took place between the two countries? Why?
Manufactures ultrasonic wind sensors invested : A company that manufactures ultrasonic wind sensors invested $1.5 million, 2 years ago to acquire part ownership in an innovative chip-making company. How long would it take (from the date of the initial investment) for its share of the chip company ..
Real return to capital in the export industry also decreases : "In a 2x2x2 Heckscher-Ohlin context, when a relatively labor-abundant country moves from autarky to trade, the real return to capital in the import-competing industry decreases and the real return to capital in the export industry also decreases."

Reviews

Write a Review

Accounting Basics Questions & Answers

  Williams companys direct labor cost is 25 of its

williams companys direct labor cost is 25 of its conversion cost. if the manufacturing overhead cost for the last

  Be sure to follow the instructions about the sign that you

in this problem you must create the flexible budget and flexible budget variances for two cost items. i suggest the

  What is the breakeven point in sales dollars

What is the breakeven point in sales dollars

  What industries do you think have the hardest time

what industries do you think have the hardest time estimating warranty

  Should tanner appliance purchase

Should Tanner Appliance purchase part M4 from the outside supplier?

  Exclusion on the sale of a taxpayer''s principal residence

if not entirely used in one sale, the unused portion of the $250,000 exclusion on the sale of a taxpayer's principal residence may be used to reduce the recognized gain on the sale of the taxpayer's next residence. True or False?

  Dec 31 recorded the estimated income tax liabilityfor the

illustrate the effects on the accounts and financialstatements of recording the following selected transactions of

  Castine reports net income of 305000 for the year ended

castine reports net income of 305000 for the year ended december 31 year 2. it also reports 93700 depreciation expense

  A company has the choice of either selling 500 defective

a company has the choice of either selling 500 defective units as scrap or rebuilding them. the company could sell the

  Assume gail is a wealthy widow whose husband died last year

assume gail is a wealthy widow whose husband died last year. her dependent daughter lives with her for the entire year.

  1 the information provided by financial reporting pertains

1. the information provided by financial reporting pertains toa. individual business enterprises rather than to

  Parkside pool reports net sales of 625000 a gross profit

parkside pool reports net sales of 625000 a gross profit of 275000 and a net income of 15000. the companys cost of

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